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2018, February, 12, 07:20:00
ADNOC'S INVESTMENT $3.1 BLN
AOG - A $3.1bn project to introduce crude processing flexibility at the ADNOC-owned Ruwais oil refinery was announced.
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2018, February, 12, 07:40:00
OIL PRICE: ABOVE $63
REUTERS - Brent crude futures were at $63.42 per barrel at 0250 GMT, up 63 cents, or 1 percent, from the previous close.
U.S. West Texas Intermediate (WTI) crude futures were at $59.83 a barrel. That was up 63 cents, or 1.1 percent, from their last settlement.
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2018, February, 14, 09:40:00
BP STARTS IN EGYPT
BP announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.
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2018, February, 14, 09:30:00
U.S. OIL +110 TBD, GAS + 832 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 110,000 b/d month-over-month in March to 6,756 million b/d, gas production to increase 832 million cubic feet/day to 64,941 million cubic feet/day .
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2018, February, 14, 09:45:00
U.S. NUCLEAR WILL UP
WNN - The USA has extended production tax credits for advanced nuclear power plants under a budget bill signed into law by President Donald Trump. The nuclear production tax credit is seen as an essential component for the completion of US plants already under construction and for first-of-a-kind small modular reactor (SMR) construction.
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2018, February, 14, 09:35:00
NUCLEAR FOR NIGERIA
WNN - Nigeria's first research reactor - a 30 kW Chinese Miniature Neutron Source Reactor similar to units operating in China, Ghana, Iran and Syria - was commissioned at Ahmadu Bello University in 2004. The reactor has been used for the analysis of materials and training. The IAEA is assisting with the conversion of that reactor to low-enriched uranium (LEU) fuel and the repatriation of its irradiated high-enriched uranium (HEU) fuel to China.
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2018, February, 14, 09:55:00
БОЛЬШЕ ДЕНЕГ ДЛЯ РОССИИ
МИНЭНЕРГО РОССИИ - Говоря о сделке по сокращению добычи нефти, Александр Новак отметил, что благодаря венским соглашениям федеральный бюджет получил дополнительный поступления. «За счет этого соглашения мы получили за период 2016-2017 годы в федеральный бюджет примерно 1,7 триллиона рублей, наши компании получили 700 миллиардов рублей. То есть почти 2,5 триллиона рублей – эффект, достигнутый за два года», - сказал глава энергетического ведомства.
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2018, February, 14, 10:15:00
РОССИЯ - ОПЕК: 2/3 СОГЛАШЕНИЯ
МИНЭНЕРГО РОССИИ - Принимая декларацию о сотрудничестве в рамках ОПЕК+, мы не ставили своей целью ограничить добычу нефти на какой-то определенный срок, к примеру, на полгода, год или два. Нашей задачей было убрать излишки нефти с рынка.
На текущий момент мы видим, что эта цель достигнута на две трети.
![Search Results](/cache/02-18/OIL-483.e1b16a03.png)
2018, February, 14, 10:05:00
IEA: OIL DEMAND GROWTH 1.6 MBD
IEA - Our demand growth estimate for 2017 remains strong at 1.6 mb/d, reinforced by November data for the US. For 2018, the more positive global economic picture published by the International Monetary Fund is a key factor in raising our growth outlook to 1.4 mb/d. It was thought that the significant increase in the dollar price of crude oil since the middle of 2017 would dampen growth, and this might be the case to some extent, but the impact of higher prices has been partly offset in some countries by currency appreciations.
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2018, February, 14, 09:50:00
SAUDIS OIL FOR JAPAN
PLATTS - Saudi Arabia's commitment to the OPEC-led production output cut deal was confirmed with reduced exports to key Asian outlets in 2017, but Japanese imports of Saudi crude jumped to the highest level in 35 years as the kingdom also maintained its flexibility to meet demand whenever there is a need. Japan's crude oil imports from Saudi Arabia rose 9.5% year on year to 1.295 million b/d in 2017, or 40.1% of total imports in the year, and the country's imports of Saudi crude in 2017 were the highest since 1982, according to the Ministry of Economy, Trade and Industry data.
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2018, February, 14, 10:10:00
RUSSIA - OPEC RELATIONSHIP
PLATTS - "We understand that global demand for oil will continue to grow rapidly and this demand will need to be met, so we will likely need to work together, including on upstream technology and joint projects to meet this growing demand," Novak said.
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2018, February, 14, 10:00:00
OPEC'S OIL DEMAND: 32.86 MBD
PLATTS - As a result, demand for OPEC crude will average 32.86 million b/d in 2018, the organization calculated.
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2018, February, 14, 10:20:00
OIL PRICE: ABOVE $62
REUTERS - Brent futures LCOc1 hit a two-month low early in the day’s session, but the benchmark settled at $62.72 a barrel, up 13 cents or 0.2 percent. U.S. West Texas Intermediate crude futures CLc1 closed 10 cents, or 0.2 percent, lower at $59.19 a barrel.
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2018, February, 16, 23:05:00
RUSSIAN NUCLEAR FOR CONGO
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
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2018, February, 16, 23:10:00
TRANSCANADA NET INCOME $3.0 BLN
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
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2018, February, 16, 23:00:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.1%
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.
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2018, February, 16, 23:15:00
DEWA INVESTS $22 BLN
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
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2018, February, 16, 23:25:00
SAUDI - IRAQI TALKS
AOG - Saudi Arabia's Energy Minister Khalid al-Falih has said that the recent talks with his Iraqi counterpart stressed the need to strengthen commitment to a OPEC-led agreement to reduce crude output.
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2018, February, 16, 23:20:00
ADNOC INVESTMENT $109 BLN
AOG - ADNOC announced that it has launched the implementation phase of its new in-country value (ICV) strategy, aimed at increasing the company’s ICV contribution and strengthening its relationship with the UAE’s private sector.
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2018, February, 16, 23:30:00
SAUDIS - RUSSIA AGREEMENT
FT - Crude producers led by Saudi Arabia and Russia will aim to draft an agreement to formalise their partnership for oil market co-operation by the end of 2018, the UAE’s energy minister said.