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2018, July, 12, 10:25:00
RUSSIA CAN ADD 600,000
PLATTS - "We estimate that Russia will retain [roughly] 360,000 b/d of swing capacity at the end of 2018, as oil output ramps up by the agreed 200,000 b/d," a recent report by BofA Merrill Lynch Global Research said. "We expect Russian oil producers to accumulate additional [roughly] 140,000 b/d spare capacity by the end of 2019, bringing the total figure to 500,000 b/d."
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2018, July, 12, 10:10:00
NOVATEK'S PRODUCTION: +2.4%
NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.
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2018, July, 12, 10:15:00
NORWAY'S OIL PRODUCTION: 1.747 MBD
NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.
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2018, July, 12, 10:30:00
U.S. FOREIGN DIRECT INVESTMENT: $259.6 BLN
U.S. BEA - Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion (preliminary) in 2017. Expenditures were down 32 percent from $379.7 billion (revised) in 2016 and were below the annual average of $359.9 billion for 2014-2016. As in previous years, acquisitions of existing businesses accounted for a large majority of total expenditures.
![Search Results](/cache/07-18/PRICE-054.6d90ec0e.png)
2018, July, 12, 10:35:00
OPEC & RUSSIA 1 MBD: INSUFFICIENT
PLATTS - OPEC's recent decision with Russia and other allies to boost crude output by a combined 1 million b/d may be insufficient to meet global demand in the months ahead, according to the producer group's own forecast.
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2018, July, 12, 10:20:00
U.S. - EXXON - RUSSIA SANCTIONS
BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.
![Search Results](/cache/07-18/OPEC-72.8c9e313e.png)
2018, July, 12, 10:45:00
OPEC: OIL DEMAND UP BY 1.65 MBD
OPEC - In 2018, oil demand is expected to grow by 1.65 mb/d, unchanged from the previous month’s assessment, with expectations for total world consumption at 98.85 mb/d. In 2019, the initial projection indicates a global increase of around 1.45 mb/d, with annual average global consumption anticipated to surpass the 100 mb/d threshold. The OECD is once again expected to remain in positive territory, registering a rise of 0.27 mb/d with the bulk of gains originating in OECD America. The non-OECD region is anticipated to lead oil demand growth in 2019 with initial projections indicating an increase of around 1.18 mb/d, most of which is attributed to China and India. Additionally, a steady acceleration in oil demand growth is projected in Latin America and the Middle East.
![Search Results](/cache/07-18/USA-725.3c9bf790.png)
2018, July, 12, 10:40:00
U.S. WANTS GERMANY'S MONEY
REUTERS - The Republican president, in Brussels for the NATO summit, took a swipe at Germany for supporting a new pipeline for Russian gas, saying at a pre-summit meeting: “We’re supposed to be guarding against Russia and Germany goes out and pays billions and billions of dollars a year to Russia.”
![Search Results](/cache/07-18/PRICE-057.717ccbef.png)
2018, July, 12, 10:55:00
OIL PRICE: ABOVE $74
REUTERS - Brent crude LCOc1 rose $1.23, or 1.7 percent, to $74.63 a barrel by 0544 GMT after slumping 6.9 percent on Wednesday. U.S. West Texas Intermediate (WTI) CLc1 added 46 cents, or 0.7 percent, to $70.84 a barrel, after falling 5 percent the previous session.
![Search Results](/cache/07-18/RIG-54.890c26d4.png)
2018, July, 16, 10:00:00
U.S. RIGS UP 2 TO 1,054
BAKER HUGHES A GE - U.S. Rig Count is up 2 rigs from last week to 1,054, with oil rigs unchanged at 863, gas rigs up 2 to 189, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 15 rigs from last week to 197, with oil rigs up 13 to 139 and gas rigs up 2 to 58.
![Search Results](/cache/07-18/serbia-5.26957afc.png)
2018, July, 16, 10:40:00
RUSSIA GAS FOR SERBIA: +5.3%
GAZPROM - According to preliminary data, in the period from January 1 through July 12, 2018, gas exports to Serbia totaled 1.2 billion cubic meters, an increase of 5.3 per cent from the same period of 2017.
![Search Results](/cache/07-18/NIGERIA-32.4fe1d104.png)
2018, July, 16, 10:35:00
CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN
AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
![Search Results](/cache/07-18/IRAN-139.313eba60.png)
2018, July, 16, 10:50:00
IRAN'S ECONOMIC COOPERATION
SHANA - Dr. Hassan Rouhani, following a meeting of the heads of the three powers, stated that the vast majority of countries do not undergo US domestic laws, saying: “In the fields of energy, transportation, production and staple commodities, the country will not encounter any trouble, and we have always been victorious every time the administration and people stayed together.”
![Search Results](/cache/07-18/IRAN-140.c27181ff.png)
2018, July, 16, 10:45:00
RUSSIA'S INVESTMENT FOR IRAN: $50 BLN
BLOOMBERG - Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions.
![Search Results](/cache/07-18/nigeria-33.299046bc.png)
2018, July, 16, 10:20:00
NIGERIA'S GDP UP 2%
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.
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2018, July, 16, 10:25:00
BAHRAIN'S GDP UP 3.2%
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
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2018, July, 16, 10:15:00
BRAZIL'S GDP UP 1.8%
IMF - Following the severe recession in 2015−16, real GDP grew by 1 percent in 2017. Growth is projected to be 1.8 and 2.5 percent in 2018 and 2019, respectively, driven by a recovery in domestic consumption and investment. Even if federal expenditure remains constant in real terms at its 2016 level, as mandated by a constitutional rule, public debt is expected to rise further and peak in 2023 at above 90 percent of GDP.
![Search Results](/cache/07-18/PRICE-060.035644da.png)
2018, July, 16, 10:55:00
SAUDI ARABIA - IRAN RESOLUTION
PLATTS - "The shift from reporting individual country conformity to reporting overall conformity will be adopted to reflect the June 23 decision of the 4th OPEC and non-OPEC Ministerial Meeting that countries will strive to adhere to the overall conformity level, voluntarily adjusted to 100%, as of July 2018," Saudi energy minister Khalid al-Falih wrote to his counterparts Thursday in a letter.
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2018, July, 16, 10:05:00
RUSSIAN COAL UP 4%
PLATTS - Russian miner SUEK (Siberian Coal Energy Company) produced 55.6 million mt of coal in the first six months of 2018, which was an increase of 4% on the year, according to a statement from the company late Thursday.
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2018, July, 16, 10:10:00
CHINA'S COAL IMPORTS UP 10%
PLATTS - China imported 146 million mt of coal and lignite in the first half of 2018, up 9.9% from the previous year and a three-year high, according to preliminary data released Friday by the General Administration of Customs. In June China imported 25.5 million mt of coal, up 17.9% on the year and 14% on the month from 22.3 million mt in May, the data showed.