W.Asia
2019, January, 18, 10:45:00
OPEC PRODUCTION DOWN 751 TBD
REUTERS - The Organization of the Petroleum Exporting Countries said in a monthly report that its oil output fell by 751,000 barrels per day (bpd) in December to 31.58 million bpd, the biggest month-on-month drop in almost two years.
2019, January, 16, 11:20:00
OIL MARKET BALANCE
REUTERS - “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” said Falih, addressing an oil conference in Abu Dhabi.
2019, January, 14, 12:00:00
SAUDI ARABIA'S OIL RESERVES 268.5 BLN BARRELS
CNBC - Saudi Arabia has additional reserves in an area along the border with Kuwait that has sat idle due to a dispute between the neighbors. Including this so-called Neutral Zone, Saudi oil reserves total 268.5 billion barrels, DeGolyer and MacNaughton concluded. That compares with an earlier estimate of 266.3 billion barrels.
2019, January, 14, 11:55:00
IRAN'S OIL FOR INDIA DOWN 41%
REUTERS - India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.
2019, January, 14, 11:20:00
SAUDI ARAMCO BONDS: $10 BLN
PLATTS - Saudi Arabia's state-owned oil giant Aramco will seek to sell around $10 billion in bonds to help fund the purchase of petrochemicals firm Sabic, Saudi energy minister Khalid al-Falih said Sunday.
2019, January, 14, 11:15:00
SAUDI'S INVESTMENT FOR PAKISTAN: $10 BLN
REUTERS - Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.
2019, January, 14, 11:10:00
TRANS ADRIATIC PIPELINE: €3.9 BLN
EBRD - The Trans Adriatic Pipeline (TAP) is announcing financial close, with €3.9 billion secured from public and private lenders.
2019, January, 11, 11:40:00
FAST ENERGY GROWTH
U.S. EIA - Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016, according to newly available data in EIA’s International Energy Statistics database. In particular, energy consumption has been increasing in the Middle East and Africa, driven by economic growth, increased access to energy markets, and quickly growing populations. Energy consumption in Asia grew even as energy consumption in China declined between 2015 and 2016.
2019, January, 9, 11:15:00
OPEC OIL PRODUCTION DOWN 630 TBD
PLATTS - OPEC crude production in December tumbled 630,000 b/d month on month, an S&P Global Platts survey of industry officials, analysts and shipping data showed Tuesday, but the organization still has much more cutting to do to reach its new quotas for 2019.
2019, January, 9, 11:10:00
SAUDI'S OIL PRODUCTION DOWN 400 TBD
MEOG - Saudi Arabia reportedly cut its crude production by more than 400,000 barrels per day (bpd) in December 2018. Saudi crude production sat at 10.65 million bpd (mbpd) that month, down from 11.07 mbpd in November.
2019, January, 7, 09:50:00
IRAQ'S OIL PRODUCTION: 4.513 MBD
REUTERS - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.
2019, January, 7, 09:25:00
QATAR'S PPI UP 18.9%
GT - Qatar's producer price index (PPI) – a measure of the average selling prices received by the domestic producers for their output – surged 18.9% on an yearly basis but reported a sharp 5.7% month-on-month decline during the review period, said the figures released by the Ministry of Development Planning and Statistics (MDPS).
2019, January, 7, 09:20:00
QATAR'S INVESTMENT UP 9%
GT - A robust expansion in foreign portfolio and other investments helped Qatar report about 9% year-on-year growth in total overseas investments into the country during the third quarter (Q3) of 2018, notwithstanding the ongoing diplomatic and trade embargo, according to the official estimates.
2019, January, 4, 11:55:00
OIL PRICE LEVEL: $60 - 70
MEOG - A $60-70 per barrel oil price level appears adequate to incentivise sufficient long-term supply. The cost to develop both tight oil resources and conventional upstream oil projects has declined significantly since the oil price collapse of 2015-16.
2019, January, 4, 11:45:00
IMPORTANT QATAR'S LNG
PENINSULA - Currently, Qatar is leading liquefied natural gas (LNG) exports with 12 consecutive years under its belt, while the US is looking to raise its LNG exports with its abundant shale gas supplies.
