EIA - U.S. uranium concentrate production totaled 2.44 million pounds in 2017, down 16% from 2016 and the lowest annual total since 2.28 million pounds of uranium concentrate was produced in 2004. Domestic concentrate production peaked at 43.7 million pounds in 1980 but has remained lower than 5 million pounds annually since 1997.

U.S. DT - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the largest North Korea-related sanctions tranche to date, aimed at disrupting North Korean shipping and trading companies and vessels to further isolate the regime and advance the U.S. maximum pressure campaign.

NPD - Preliminary production figures for January 2018 show an average daily production of 2 019 000 barrels of oil, NGL and condensate, which is an increase of 89 000 barrels per day compared to December.

BAKER HUGHES A GE - U.S. Rig Count is up 3 rigs from last week at 978, with oil rigs up 1 to 799, gas rigs up 2 at 179, and miscellaneous rigs unchanged. Canada Rig Count is down 12 rigs from last week to 306, with oil rigs down 9 to 209 and gas rigs down 3 to 97.

МИНЭНЕРГО РОССИИ - Александр Новак поделился своим видением будущего углеводородной энергетики: «Она обладает огромным потенциалом цифровизации своих процессов, гибкой подстройки под нужды потребителей. Доля углеводородов, безусловно, будет снижаться, но с учетом роста населения, автопарка, спроса на энергию, абсолютное потребление продолжит расти. Если мы хотим надежно обеспечить мир энергией, нам придется найти разумный баланс между традиционной и новой энергетикой».

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.

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.

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.

PLATTS - As a result, demand for OPEC crude will average 32.86 million b/d in 2018, the organization calculated.

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.

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.

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.

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 .

FT - The 25-year deal with China National Petroleum Corporation means Cheniere has pulled ahead in the race to develop a new wave of US LNG export projects to come on stream in the 2020s.

PLATTS - Congress early Friday approved a two-year budget agreement which mandates the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve within a decade and authorizes sales of another $350 million of government-owned crude this fiscal year.