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Trends

Trends
2019, February, 25, 11:30:00
EXXON, MICROSOFT PARTNERSHIP
EXXONMOBIL - ExxonMobil said today a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.
Trends
2019, February, 22, 11:55:00
AUSTRALIA'S GDP UP 3%
IMF - Australia has advanced further in its economic rebalancing after the end of the mining investment boom of the 2000s. Economic growth picked up to rates above that of potential output in the first half of 2018, with solid private and public consumption and residential investment more than offsetting the drag from delays in public investment plans and drought.
Trends
2019, February, 20, 11:35:00
U.S. PRODUCTION: OIL + 84 TBD, GAS + 858 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 84,000 b/d month-over-month in March from 8,314 to 8,398 thousand barrels/day , gas production to increase 858 million cubic feet/day from 77,109 to 77,967 million cubic feet/day .
Trends
2019, February, 20, 11:25:00
SOUTHEAST ASIA'S INVESTMENT $1.2 TLN
AP - The expansion of the regional electricity grid cannot be undertaken without foreign investment, thus presenting a lucrative win-win opportunity for foreign investors. Numbers by the International Energy Agency (IEA) indicate that the region would require US$1.2 trillion in investments between now and 2040 in order to modernise and expand its electricity grids.
Trends
2019, February, 20, 11:20:00
RENEWABLE ENERGY INNOVATIONS
IRENA - Innovative solutions accelerate low-cost renewables in the power sector, providing countries with tools to benefit from renewables scale-up, new IRENA report finds
Trends
2019, February, 13, 12:00:00
U.S. LNG FOR EUROPE
PLATTS - Europe is likely to be a prime destination for US LNG cargoes well into the next decade as shipping costs make Europe preferable to Asia as a destination for US exporters, Massimo Mantovani, head of gas and LNG marketing at Italy's Eni, said Monday.
Trends
2019, February, 11, 10:15:00
GLOBAL ECONOMY GROWTH 3.5%
IMF - the global economy will grow by 3.5 percent this year, 0.2 percentage points below what we expected in October. And risks are up, given escalating trade tensions and tightening financial conditions.
Trends
2019, February, 4, 10:05:00
QATAR'S LNG: + 60 VESSELS
PLATTS - Qatar's plan to double its LNG carrier fleet by 60 vessels will be one of the largest fleet expansions the industry will witness to date and will be critical to the evolution of LNG trade flows and market dynamics in the next decade.
Trends
2019, February, 4, 10:00:00
SAUDI ARABIA ECONOMY UP 2.2%
REUTERS - Saudi Arabia’s economy grew at a pace of 2.21 percent in 2018, buoyed by strong oil sector growth and recovering from a contraction in 2017 when the economy was hurt by weak oil prices and austerity measures, government data showed on Thursday.
Trends
2019, February, 4, 09:50:00
UAE GDP UP 3.7%
IMF - The economy is starting to recover from the 2015–16 slowdown caused by a decline in oil prices. Growth momentum is expected to strengthen in the next few years with increased investment and private sector credit, improved prospects in trading partners, and a boost to tourism from Expo 2020. Non-oil growth is projected to rise to 3.9 percent in 2019 and 4.2 percent in 2020. The oil sector’s prospects have also improved with higher oil prices and output. Overall real GDP growth is projected at around 3.7 percent for 2019–20.
Trends
2019, February, 4, 09:35:00
BULGARIA'S GDP UP 3.3%
IMF - Output is estimated to have grown by 3.2 percent in 2018, unemployment to have fallen to close to 5 percent, and the current account to have recorded another sizable surplus. Prospects for 2019 are for more of the same––we are projecting real GDP growth of 3.3 percent. However, the downside risks to this outlook have recently risen, owing to a sharper-than-anticipated slowdown in global trade and unsettled financial markets.
Trends
2019, February, 4, 09:25:00
CANADA'S WINDPOWER UP
WINDPOWER - Canada’s wind energy industry further expanded its installed capacity in 2018, while solidifying its status as the lowest-cost source of new electricity generation. Newly commissioned projects brought total national wind energy capacity to close to 13,000 MW, according to new year-end findings from the Canadian Wind Energy Association (CanWEA).
Trends
2019, February, 1, 11:25:00
U.S. OIL PRODUCTION 11.9 MBD
U.S. EIA - U.S. crude oil production rose to a new high of 11.9 million barrels per day in November, up 345,000 bpd from the previous month,
Trends
2019, February, 1, 11:05:00
SAUDIS OIL WILL DOWN
BLOOMBERG - Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said.
Trends
2019, January, 30, 11:20:00
RUSSIAN GAS FOR EUROPE: 200 BCM
PLATTS - Russia's Gazprom Export believes that the record high gas sales of 200 Bcm in Europe and Turkey last year represented a "new reality" for Russian gas exports. Speaking Tuesday at the European Gas Conference in Vienna, CEO Elena Burmistrova also said she expected gas sales to remain at current levels over the next few years.