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Oil steady as Trump queries US protection of oil lanes
- "... Why are we protecting the shipping lanes for other countries (many years) for zero compensation," says Trump
Brent oil heads 5% weekly gain with US-Iran worries
- Global benchmark reaches highest level in three weeks
21.06.2019
General
US-Iran tension threatens secure energy supply in Hormuz
- Strait sees daily average oil flow of 21 million bpd in 2018, equivalent of 21% global petroleum liquids consumption
Oil prices post biggest daily gain with US-Iran tension
-US-Iran tension escalates to threaten secure oil supply from Strait of Hormuz
US crude oil stocks, production falls for w/e June 14
- Crude oil production in US falls for second week in a row
Oil prices gain as dollar weakens with dovish Fed
- US dollar declines with Federal Reserve opening door for a rate cut
Oil up as trade woes abate with Trump, Xi meeting
- Brent crude jumped 2.2%, while WTI soared 4.8% on Tuesday
Oil prices down with weak demand, forecast revisions
- Major financial institutions lower their oil price estimates for 2019 citing deteriorating expectations for global economy
Saudis hope OPEC, allies extend supply cut deal in July
- OPEC and Russia to meet during first week of July, Saudi oil minister says
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Saudi Arabia holds top crude oil exporter title in 2018
- Saudis became top crude exporter again, while Russia ranked second and Iraq came in third place
Oil prices fluctuate with supply risks for w/e June 14
- Crude prices falls more than 3% this week
US again leads world in oil production, consumption
- US comes in top for fifth consecutive year, while Saudi Arabia is second, and Russia in third place
US' monthly oil imports from OPEC falls to 33-year low
- Crude oil imports of US from OPEC in March 2019 marked the lowest level since March 1986
Oil prices continue gains after tanker attacks in Oman
- Attacks increase secure oil supply worries from region
US revises down oil price forecasts for 2019
- Brent price lowered by $3, WTI by $4 a barrel for this year
Oil prices rebound from losses after rise in US stocks
- Brent oil fell 4.1%, WTI lost 3.8% on Wednesday after US crude inventories US showed increase despite expectation of decline
US crude oil stocks rise, output falls for w/e June 7
- Crude oil production falls back to 12.3 million barrels per day
Oil prices fail to recover from three-month low
- Brent crude lost 6.1% on previous session to mark its largest single daily loss this year
US oil output at record level while crude stocks fall
- Crude oil production rebounds to all-time high of 12.3 million barrels per day
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Oil mixed with fall in Iran's exports, US-China woes
- Decline in Iranian oil exports push prices higher, while US-China trade impasse sustains market fears of low demand
Oil down with US-China trade worries, Huawei lawsuit
- Sino-US trade relations strain further as Chinese tech firm files motion in US court to end lawsuit
Oil prices down following largest weekly drop of 2019
- Brent crude lost more than 5% last week, while WTI plummeted by around 7%
Oil falls more than 5% to post biggest 2019 weekly loss
- Brent declines 5.4% for the week, while WTI slumps by 6.9%
Oil prices rebound on Friday from two-month low
- Crude prices on Thursday hit lowest level since March
Oil prices down with rising US crude inventories
- Surprise increase in crude stocks and oil production remaining near record high level puts pressure on prices
Oil giants' total net income, revenue decline in 1Q19
- Top oil companies' total income and revenue fall by more than 4% in the first quarter of this year
Oil prices down as Saudis vow peace in Middle East
- "Saudi Arabia will do everything in its power to prevent any war," the kingdom says
Oil prices up with rising tensions in Middle East
- Trump says Iran "will be met with great force," if it moves against US
Oil gains with OPEC signaling output cut extension
- Saudi minister says OPEC and allies will "gently" decrease crude oil inventories in second half of 2019
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Oil steady with attack on Saudi station, US-China trade
- Saudi pipeline - strategic for crude exports from Red Sea as alternative route to Strait of Hormuz
Oil retreats with escalating US-China trade tension
- Beijing retaliates by raising tariffs on US goods, after Trump forces China to make a deal
Oil has small gains awaiting US-China trade row outcome
- Trade dispute threatens global oil demand, as two nations represented 34% of world oil consumption in first quarter of 2019
Brent oil gains 2% this week with Iran, supply worries
- US-China trade tension could hurt oil demand while supply cuts from Iran and Venezuela sustain higher prices
Gas, renewables to replace coal for US power in summer
- While coal is forecast to provide 25% of electricity generation, natural gas is expected to provide 40% of generation
Oil prices fall with heightened US-China trade tensions
- Trump claims China 'broke the deal,' while Beijing says it would retaliate against tariffs with 'necessary countermeasures'
US crude oil stocks, production fall for w/e May 3
- Crude oil production falls back to 12.2 million barrels per day
Oil prices gain with record China crude imports
- China's crude oil imports show 11% increase in April from same month last year
US revises up Brent oil forecast by $5 for 2019, 2020
- International benchmark is estimated to average $70 a barrel this year
Occidental to sell Anadarko's African assets to Total
- Contingent upon the acquisition, Anadarko's assets in Africa will be sold to France's Total for $8.8 billion
07.05.2019
General
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2018 marks lowest uranium production in US in 70 years
- 2018 also marks fourth consecutive year of declines in uranium production in the country
Oil prices gain as China set for trade talks with US
- US Trade Representative Lighthizer says Chinese Vice Premier Liu will head officials from Beijing to Washington on Thursday
Oil prices post gains to recover from one-month low
- Prices hit lowest level in a month on Thursday but regained some losses on Friday
Buffett commits $10B to Occidental to acquire Anadarko
- Buffett's company Berkshire Hathaway levels the field for Occidental against energy major Chevron
General Electric sees revenue loss, earnings rise in 1Q
- Net earnings reach $3.55 billion, but revenue falls to $27.29 billion in January-March period
Oil prices down with China's weak manufacturing data
- Manufacturing sector shows weakness in April, but Purchasing Managers' Index remains just above 50 to avoid contraction
Chevron revenue, income decline in 1Q19
- Net income falls 27.2%, while revenue dips 6.8% year-over-year
ExxonMobil net income falls almost 50% in first quarter
- US major posts net income of $2.35 billion in first quarter of 2019, down from $4.65 billion for same period last year
Brent falls as Trump calls on Saudis, OPEC to up output
- 'Spoke to Saudi Arabia and others about increasing oil flow. All are in agreement,' Trump said Friday
Schlumberger's net income falls 20% in 1Q19
- Net income decreases to $421 million in first quarter of year, from $525 million for same period a year ago
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Oil prices up with decline in US oil rig count
- Brent posts 0.5% increase for four day trading this week, a day early because of market closure on 'Good Friday'
8 count fall in US oil rigs supports higher prices
- Despite decline, number of oil rigs in US has remained steady compared to a year ago
Kinder Morgan income rises 14% in first quarter of 2019
- Net income rose to $556 million in first quarter from $485 million for same period of 2018
Oil price dips slightly as US retains record high output
- US crude oil output remains above 12 million barrels per day
US crude oil stocks, production fall for w/e April 12
- Crude oil production falls to 12.1 million barrels per day
US energy consumption reaches record level in 2018
- Higher consumption in natural gas, petroleum, renewables and nuclear offset decline in coal consumption
Germany, Norway open offshore wind farm in Baltic Sea
- Arkona wind farm has capacity to supply renewable energy to 400,000 homes
Oil prices gain with rise in China refinery output
- Greater output shows rise in crude oil demand in world's second biggest oil consumer
US crude export levels and destinations rise in 2018
- Reaching 42 countries, US crude exports increased by 67 percent year-over-year
Oil falls with possibility of OPEC, Russia output boost
- Russian official signals OPEC+ could increase output to regain lost shares taken by U.S. shale producers
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US crude oil production more than doubles in decade
- Since shale oil revolution in 2008, US sees annual crude production grow by 119%
15.04.2019
analysis
US crude oil production more than doubles in decade
- Since shale oil revolution in 2008, US sees annual crude production grow by 119%
Oil prices up with OPEC cuts, supply risks
- Canada-based RBC Capital Markets raises oil price forecast by around $6 per barrel for 2019
Shell to sell US Gulf of Mexico asset for $965 million
- Caesar-Tonga asset, in which Shell has 22.45% interest, produces 70,000 barrels of oil equivalent per day
US gas-fired plants surpass coal-fired capacity
- Generating capacity from gas-fired plants totals 264 gigawatts as of January, compared with 243 GW from coal-fired plants
US crude stocks rise, production remains at record high
- Commercial crude oil inventories increase by 7 million barrels last week
Oil prices fall with rising US stocks, record output
- US crude production remains at all-time high to push oil prices lower
Oil prices on rise with Libya tensions & supply cuts
- IMF lowering global growth forecast could keep some cap on rising crude oil prices
US revises up oil price forecasts for 2019
- Energy Information Administration revises up Brent oil by $2 per barrel for this year
Puerto Rico LNG imports return to pre-hurricane level
- LNG imports of Caribbean nation declined in 2017 as electricity outages required less natural gas after Hurricane Maria
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Oil prices mixed as Brent crude hovers around $71
- Benchmark reaches $71.34 a barrel -- its highest level this year
Brent oil above $70 a barrel with tight global supply
- The benchmark gained 31 percent since the beginning of 2019
US natural gas production breaks new record in 2018
- Gas production rises 11 percent from previous year, marking largest annual increase on record
Oil prices seek balance with supply cuts, low demand
- Prices fluctuate with lower supply from major producers and unease over weakening global oil demand this year
US oil stocks, production fall for week ending March 8
- Crude inventories down by 3.9 million barrels, against market estimate increase of 2.6 million barrels
Oil prices up with fall in US crude stocks, production
- Decline in inventories and output alleviates some investors' worries over rising, global oversupply
US crude exports to catch up with Saudi Arabia by 2024
- Crude exports estimated to reach 9 million barrels per day in five years, International Energy Agency says
13.03.2019
analysis
Oil prices up as US lowers crude production estimates
- Downward revision eases worries by anticipating that glut of supply in global market will be less than previously predicted
13.03.2019
Oil
US crude exports to catch up with Saudi Arabia by 2024
- Crude exports estimated to reach 9 million barrels per day in five years, International Energy Agency says
US energy admin. increases Brent oil forecast for 2019
- Brent price is expected to average $63 per barrel this year, up $2 a barrel from previous month's estimate
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Oil prices up as Iran, Venezuela production due to fall
- Two countries are expected to account for a total of 1.76 million barrels per day in lost production
Natural gas: leader in US electric capacity in 2018
- Over 60 percent of electricity capacity installed in U.S. last year came from natural gas
Venezuela to pay $8.7B compensation to ConocoPhillips
- A tribunal ruled that ConocoPhillips’ investments in three oil projects in Venezuela violated international law
Global oil rig count rises in February: Baker Hughes
-Total number of oil rigs worldwide rises 1.5 percent to 2,306 in February 2019 from same period last year
US natural gas processing capacity shows rise 2014-2017
- 510 natural gas processing plants in Lower 48 states at end of 2017, with processing capacity of 80.8 bln. cubic feet daily
Oil down with weak Eurozone estimates, Chinese exports
- Chinese exports fall in February, signaling future weaker oil demand
ExxonMobil expects earnings to rise 140 percent by 2025
- Company says estimated total earnings potential has increased by around $9 billion
US power hits record in residential, commercial sectors
- Net electricity generation in US increases by 4 percent in 2018 to reach record high level
Rise in oil prices limited by surge in US crude stocks
- Crude stocks in US soar by 7.1 million barrels compared to market expectation of 1.2 million barrel increase
US crude stocks supersede market forecast w/e March 1
- Crude inventories jump 7.1 million barrels against market estimation of 1.2 million barrels
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US' Venture Capital gets LNG export approval
- Company is authorized to export up to 48.14 million cubic meters per day of LNG from its Louisiana facility
Oman’s gas production to surpass oil by 2023: Rystad
- Country's gas share in its oil-gas mix is estimated to be over 50 percent in 2025, from around 35 percent in 2015
ExxonMobil, Chevron to ramp up Permian output in 5 yrs.
- Companies plan to increase output in oil-rich basin by around 1 million barrels a day each
Oil prices down as US majors plan to raise production
- US crude oil output stands at record high level of 12.1 million barrels a day
Nuke restarts in Japan to replace LNG imports
- Five nuclear reactors that were shut down after Fukushima disaster in 2011 restarted operations in 2018
S&P revises Mexico's Pemex outlook to negative
- Pemex decision comes three days after Standard & Poor's revises down Mexico's outlook
Cheniere's 1st LNG train in Texas facility completed
- Train 1 is one of three LNG trains that will have total production capacity of up to 13.5 million tonnes per annum
Aker Energy finds oil offshore Ghana
- Company says it will continue drilling to verify estimated volume of resources
Oil prices down as China lowers growth forecast
- China lowers growth expectation for 2019 to between 6-6.5 percent from previous estimate of 6.5 percent