Search Results
![Search Results](/cache/09-18/SAUDI-96.47407fc1.jpg)
2018, September, 19, 13:39:00
SAUDIS OIL PRODUCTION: 10.42 MBD
PLATTS - Saudi production has since risen to 10.42 million b/d in August, the country reported to OPEC in the organization's most recent monthly oil market report. Saudi Arabia's crude oil stocks, which have been declining steadily over the last three years, fell to 229.41 million barrels in July, down 11.4% since May 2017, the JODI data showed.
![Search Results](/cache/09-18/PRICE-235.1b1496bf.jpg)
2018, September, 19, 13:47:00
OIL PRICES: $70 - $80
PLATTS - Current global oil prices at around $70-80/b are due to the volatile situation on the market and include a premium for risks associated with sanctions and oil supply cuts, but they are expected to fall to around $50/b in the long term, Russian energy minister Alexander Novak said Tuesday.
![Search Results](/cache/09-18/YAMAL-LNG-12.a376b91b.jpg)
2018, September, 19, 13:00:00
NOVATEK'S YAMAL LNG UP
PLATTS - Speaking on the sidelines of the Gastech conference in Barcelona, Mikhelson said Novatek could review its strategy to reach 57 million mt/year of LNG production by 2030 in the coming years as it continues to expand its already huge gas resource base in northern Russia.
![Search Results](/cache/09-18/LNG-104.30ae8080.jpg)
2018, September, 19, 13:30:00
U.S. - CHINA SANCTIONS: $60 BLN
REUTERS - Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.
![Search Results](/cache/09-18/SAUDI-97.437312dd.jpg)
2018, September, 19, 13:05:00
SAUDI ARAMCO INVESTMENT: $133 BLN
REUTERS - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday.
![Search Results](/cache/09-18/PRICE-238.e4f9ce84.jpg)
2018, September, 19, 14:07:00
OIL PRICE: NEAR $79 AGAIN
REUTERS -Brent crude futures LCOc1 were up 2 cents at $79.05 a barrel by 0854 GMT, having gained 1.3 percent on Tuesday following media reports that Saudi Arabia, the world’s largest oil exporter, was comfortable with prices above $80. U.S. crude futures CLc1 were up 15 cents at $70.00, after gaining 1.4 percent the day before.
![Search Results](/cache/09-18/usa-777.9832454f.jpg)
2018, September, 21, 10:05:00
U.S. DEFICIT DOWN TO $101.5 BLN
U.S. BEA - The U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from $121.7 billion (revised) in the first quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.0 percent of current-dollar gross domestic product (GDP) in the second quarter, down from 2.4 percent in the first quarter.
![Search Results](/cache/09-18/usa-778.c8b68cb3.jpg)
2018, September, 21, 10:30:00
U.S. CAPITAL EXPENDITURES UP
U.S. EIA - Second-quarter 2018 financial results for 45 U.S. oil exploration and production companies that the U.S. Energy Information Administration (EIA) regularly tracks reveal that most companies increased their capital expenditure budgets for 2018 compared with initial budgets made at the beginning of the year.
![Search Results](/cache/09-18/usa-783.5ab56f5c.jpg)
2018, September, 21, 10:25:00
U.S. ENERGY CASH: $119 BLN
U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18
Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014
![Search Results](/cache/09-18/GAS-134.c75a96a9.jpg)
2018, September, 21, 10:10:00
NATURAL GAS EXPORT UP
PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.
![Search Results](/cache/09-18/PRICE-241.920c44c3.jpg)
2018, September, 21, 10:40:00
OIL MARKET UNCERTAINTY
PLATTS - 1.4 million b/d of Iranian oil supplies to leave the market by November, when the US sanctions go into force. Venezuela, which pumped 1.22 million b/d in August could see output fall to 1 million b/d in 2019. Politically unstable Libya also presents a supply risk.
![Search Results](/cache/09-18/PRICE-244.f5b4cd36.jpg)
2018, September, 21, 10:35:00
OPEC-NON-OPEC DECISIONS
SHANA - Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make decisions about adjustment of production quotas.
![Search Results](/cache/09-18/PRICE-247.6fc91ac8.jpg)
2018, September, 21, 10:45:00
UNEXPECTED OIL PRICES
SHANA - What is common in oil market is that no price levels could be forecast for the future there. Only its unpredictability is predictable. Rarely may you find an expert to say with full certainty in which direction oil prices are headed.
![Search Results](/cache/09-18/LNG-105.8aa43044.jpg)
2018, September, 21, 10:00:00
GERMANY'S LNG TERMINAL
REUTERS - Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to ship more gas to Europe, the economy minister said.
![Search Results](/cache/09-18/RUSSIA-290.069e39b4.jpg)
2018, September, 21, 10:55:00
RUSSIA'S OIL PRODUCTION: 11.3 MBD
BLOOMBERG - Russia's oil output is currently fluctuating between 1.54 million and 1.55 million tons a day -- driven mainly by state-run giant Rosneft PJSC -- the official said, asking not to be named as the information isn’t public yet. That equates to 11.29 million to 11.36 million barrels a day, beating the previous record of 11.25 million barrels a day set in October 2016 before Russia agreed with the Organization of Petroleum Exporting Countries to cut production.
![Search Results](/cache/09-18/RIO-TINTO-1.43d4802b.jpg)
2018, September, 21, 09:55:00
RIO TINTO BUYBACK: $3.2 BLN
RIO TINTO - The proceeds will be returned through a $3.2 billion share buy-back programme (the “Programme”), combining an off-market buy-back tender targeting up to 41.2 million Rio Tinto Limited shares (approximately A$2.7 billion ($1.9 billion )) and further on-market purchases of Rio Tinto plc shares. The Programme is subject to market conditions and compliance with all applicable laws and regulations.
![Search Results](/cache/09-18/IRAQ-52.9e748de2.jpg)
2018, September, 21, 10:15:00
IRAQ'S OIL: NO RECORD
ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.
![Search Results](/cache/09-18/OIL-512.557724e1.jpg)
2018, September, 21, 10:20:00
WORLD OIL DEMAND: 100.23 MBD
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.
![Search Results](/cache/09-18/PRICE-250.cc31097b.jpg)
2018, September, 21, 11:00:00
OIL PRICE: NEAR $79 STILL
REUTERS - International benchmark Brent crude for November delivery LCOc1 was up 26 cents, or 0.33 percent, at $78.96 a barrel by 0647 GMT. U.S. West Texas Intermediate crude for October delivery CLc1 was up 7 cents, or 0.10 percent, at $70.39 a barrel.
![Search Results](/cache/09-18/RIG-66.c10f6988.jpg)
2018, September, 24, 15:00:00
U.S. RIGS DOWN 2 TO 1,053
BAKER HUGHES A GE - U.S. Rig Count is down 2 rigs from last week to 1,053, with oil rigs down 1 to 866, gas rigs unchanged at 186, and miscellaneous rigs down 1 to 1. Canada Rig Count is down 29 rigs from last week to 197, with oil rigs down 13 to 135 and gas rigs down 16 to 62.