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US oil rig count shows decrease in week

- Number of oil rigs falls by twenty one, pushing crude prices higher

21.01.2019 Oil , Americas , General

Brent hovers above $61 mark at week ending Jan. 18

- Crude prices fluctuates after release of weaker Chinese trade data and with increase in U.S. crude oil production

19.01.2019 Oil , Finance , Americas , General

OPEC reports 98% conformity to output cuts in Nov. '18

- The monitoring committee calls for redoubling of efforts to maintain oil market balance in 2019, OPEC says

19.01.2019 Oil , Finance , Americas , Middle East-Africa , General

OPEC crude output falls in December '18

- Global oil supply falls by 950 thousand barrel per day in December 2018, led by lower OPEC output ahead of new supply cuts

19.01.2019 Oil , Finance , Americas , Middle East-Africa , General

Global oil supply falls in December '18

- OPEC crude oil production decreased by 751 thousand barrel per day to average 31.58 million barrel per day, data shows

18.01.2019 Oil , Finance , Upstream , Americas , Middle East-Africa , General

US crude stocks fall, but output remains at record high

- Crude oil stocks in US fell by 2.7 million barrels for week ending Jan. 11

18.01.2019 Oil , Finance , Americas , General

Brent will average $61 per barrel in 2019: EIA outlook

- U.S. Energy Information Administration expects Brent crude oil price to average $65 per barrel in 2020

17.01.2019 Oil , Finance , World , General

Genel's 2019 cash flow to reach $100M with crude at $45

- 2018 was a very positive year for Genel, says company CEO

15.01.2019 Oil , Finance , Middle East-Africa , General

Iraq’s oil production doubles in decade: EIA

- Crude oil production in Iraq rose 113 percent between 2007 and 2017

15.01.2019 Upstream , Middle East-Africa

Brent falls below $60 mark at week beginning Jan. 14

- Decline in oil price comes with China's recent weak trade data

14.01.2019 Oil , Finance , Americas , General

US oil rig count shows decrease this week

- Number of oil rigs falls by four

14.01.2019 Upstream , Americas

Brent oil over $61 per barrel at week ending Jan. 11

- Brent oil prices jumps over $60 mark with ongoing trade talks between the US and China generating investor optimism

12.01.2019 Oil , Finance , Middle East-Africa , General

Petrofac secures engineering contract in Brunei

- British oilfield services provider will support onshore and offshore assets of Brunei Shell Petroleum and Brunei LNG

11.01.2019 Oil , Lng/Lpg , News from companies , Asia

Aker energy strikes oil offshore Ghana

- Resources estimated to hold up to 1 billion barrels of oil equivalent

11.01.2019 Upstream , Middle East-Africa

Iranian oil minister arrives in Baghdad for talks

- Visit is aimed at strengthening ties, especially in energy sector, Iraqi Oil Ministry spokesman says

11.01.2019 Oil , Middle East-Africa

US crude stocks fall, but production sees slight rise

- Crude oil stocks in US fell by 1.7 million barrels last week

10.01.2019 Refining/Petro Chemistry , Americas

Pakistan, S. Arabia to ink oil refinery deal next month

- Finance minister says agreement to be signed during Saudi Crown Prince bin Salman's proposed visit to Islamabad

10.01.2019 Refining/Petro Chemistry , Asia

Oil prices down with US output remaining at record high

- Prices retreat after gaining 4 percent in previous trading session

10.01.2019 Upstream , Americas

Morgan Stanley lowers oil price forecast for 2019

- Brent is estimated to average $61 per barrel this year; down from previous forecast of $69 a barrel

10.01.2019 Upstream , Stock Market , Americas

BP to expand its petrochemical presence in South Korea

- Company announces deal to expand production at joint venture with Lotte in Ulsan

10.01.2019 Refining/Petro Chemistry , News from companies , Asia

BP approves Atlantis field expansion in Gulf of Mexico

- Energy giant expects to grow net Gulf production to around 400,000 barrels of oil equivalent per day over next decade

10.01.2019 Upstream , News from companies , Americas

Oil prices up with OPEC cuts, US-China trade talks

- Crude prices rise by around 1 percent with US-China trade talks and OPEC lowering oil production

10.01.2019 Upstream , International Organization , Asia , Americas

Shell starts production at new petrochem unit in US

- Completion of expansion project makes Geismar chemicals manufacturing site world's largest producer of alpha olefins, Shell says

09.01.2019 Refining/Petro Chemistry , News from companies , Americas

Oil prices down despite Saudi export cuts

- Saudi Arabia to lower crude exports to around 7.1 million barrels per day this month from 7.3 million in December

09.01.2019 Upstream , International Relations , Middle East-Africa

US' retail gasoline price ends 2018 lower

- Gasoline price in US falls for 12 weeks in a row at the end of 2018 -- longest consecutive weekly drop in four years: EIA

08.01.2019 Transportation/Fuel Oil , International Relations , Americas

Goldman Sachs lowers oil price forecast for 2019

- Brent crude is expected to average $62.50 per barrel, down from previous estimate of $70 a barrel

08.01.2019 Upstream , Stock Market , Americas

Oil price rises with US, China trade hopes

- US and China begin talks in Beijing to resolve trade disputes

07.01.2019 Upstream , International Relations , Asia , Americas

US oil rig count shows decrease in week

- Number of oil rigs falls by eight

07.01.2019 Oil , Finance , Americas , General

US' crude inventories rise slightly

- Crude oil production remains almost unchanged

07.01.2019 Oil , Finance , Americas , General

Eni to buy 70 pct of Oooguruk oil field in Alaska

- Acquisition to provide 7,000 barrels of oil per day and operational synergies with nearby Nikaitchuq field, company says

05.01.2019 Upstream , News from companies , Americas

Brent oil trades above $57 for week ending Jan. 4

- Brent oil prices see increase due to uncertainties in global economy and concerns over low global oil demand

05.01.2019 Oil , Finance , Americas , Middle East-Africa , General

Iran petrochem. capacity to reach 100 mln. tons by 2025

- In 2018, petrochemical exports generated $12 billion in revenue, Iranian official says

05.01.2019 Refining/Petro Chemistry , Middle East-Africa

Iraq's oil exports rise by 14 pct monthly in December

- Over 115 million barrels exported last month, according to Oil Ministry

04.01.2019 Oil , Finance , Middle East-Africa , General

Oil prices post first annual drop last year since 2015

-Brent ended year at $54 and WTI at $45, equivalent to $13 and $15 lower respectively than start of year -- a 1st since 2015

04.01.2019 Upstream , Stock Market , International Organization , Americas

Oil price to be low if OPEC cuts fail in 2019: JPMorgan

- Brent could fall to $55 a barrel in low-price scenario, says head of Asia Pacific oil and gas at JP Morgan

04.01.2019 Upstream , Stock Market , International Organization , Americas

Oil prices decline with oversupply concerns

- Price falls seen despite Saudi crude export declines

04.01.2019 Oil , Americas , Middle East-Africa , General

Total starts production at Nigeria's Egina field

- Egina will produce 200,000 barrels of oil per day, which represents about 10 percent of Nigeria’s production, Total says

02.01.2019 Upstream , News from companies , Middle East-Africa

Trump touts low gas prices and forecasts more declines

- Gasoline prices in US see fall of 7.1 percent since Dec. 7

03.01.2019 Transportation/Fuel Oil , Stock Market , International Organization , Americas

China tops US as biggest crude oil importer in 2017

- Fall in domestic production, growth in consumption, and higher refinery runs are some reasons behind rise in crude imports

03.01.2019 Refining/Petro Chemistry , Asia

Oil begins 2019 with losses amid oversupply, weak data

- Purchasing managers’ index in Taiwan, China shows contraction

03.01.2019 Upstream , Projects , Asia , Americas

Saudi Aramco becomes full owner of Arlanxeo

- Company completes acquisition of remaining 50 percent stake in Arlanxeo joint venture from Lanxess

02.01.2019 Finance , Refining/Petro Chemistry , News from companies , Europe

Turkey's energy import bill down 2.6 percent in Nov.

- Total imports cost nearly $16.18 billion last month, with energy accounting for 23.48 percent, statistical data reveals

01.01.2019 Oil , Finance , Turkey , General

Brent oil trades around $53 for week beginning Dec. 31

- Experts believe that market players are still concerned over global trade wars, especially between China and the US

01.01.2019 Oil , Finance , Upstream , Energy Diplomacy , General

ANALYSIS - Rising US shale could force OPEC to cut more

- US shale could rapidly fill supply void in market forcing OPEC+ to make another output cut in the first half of 2019

01.01.2019 Upstream , International Organization , Americas , Middle East-Africa

US' crude stocks fall slightly, production rises

- Crude oil production rises for 40th time in past 50 weeks

31.12.2018 Oil , Americas

US oil rig count shows increase in week

- Number of oil rigs rises by two

30.12.2018 Oil , Americas

Brent oil trades around $53 for week ending Dec. 28

- Global trade wars and supply glut still keep downward pressures on oil prices

29.12.2018 Oil , Finance , Upstream , Americas , Middle East-Africa , General

Shell completes sale of New Zealand entities

- Entities sold to OMV include Maui, Pohokura, Tank Farm assets, its interest in and operatorship of Great South Basin venture

29.12.2018 Upstream , Upstream , News from companies , Asia

Guyana drilling unaffected despite incident: ExxonMobil

- Offshore drilling continues in Guyana after Venezuelan navy intercepted a seismic vessel last week

28.12.2018 Upstream , International Relations , Americas

Turkey's crude oil imports down by 11.2 percent in Oct.

- Total import of oil products also fall by 9.5 percent

28.12.2018 Downstream , Turkey , General

Saudi Aramco enters fuel retail business

- Saudi Aramco Retail Company to engage in direct-to-consumer segment of downstream business

27.12.2018 Downstream , News from companies , Middle East-Africa , General

STAR Refinery to market initial products in January

- Facility will help decrease Turkey's current account deficit by $1.5 billion per year

28.12.2018 Refining/Petro Chemistry , Invesments

Oil prices down after US stock market rally

- The Dow Jones records its biggest one-day point gain in history

27.12.2018 Oil , Stock Market , Americas

Oil prices open mixed to rebound from major losses

- Brent crude up 0.2 percent, while WTI is down 1 percent

27.12.2018 Upstream , International Organization , Eurasia , Americas

Iraq confirms commitment to OPEC+ output cut

- Oil Minister Thamir Ghadhban expects decision to have positive effect on oil prices and market stability

26.12.2018 Oil , Energy Diplomacy , Middle East-Africa , General

Brent oil price drops as low demand worries persist

- Brent oil price fell 5.6 percent to $50.78 ahead of Christmas break

26.12.2018 Electricity , Oil , Finance , General

Brent oil trades above $54 for week beginning Dec. 24

- Following increase in oil rig count, crude oil prices posted losses in global market on Friday

25.12.2018 Oil , Finance , Middle East-Africa , General

Iraq, Kuwait to assess oil reserves on border areas

- Assessment will be made by global consulting firm, Iraqi oil minister says

24.12.2018 Oil , Energy Projects , Middle East-Africa , General

US oil rig count shows increase in week

- Number of oil rigs rises by 10, bringing crude prices down

23.12.2018 Oil , Americas , General

US oil to equal Saudi, Russia total in 2025: IEA's Birol

- "There is a huge amount of supply coming from the U.S.," says executive director of the International Energy Agency

22.12.2018 Natural Gas , Oil , World

Brent oil trades around $53 for week ending Dec. 21

- Rising global oil output and gloomy prospects for major economies keep downward pressure on prices

22.12.2018 Oil , Finance , Downstream , Americas , Middle East-Africa , General

Nigeria: highest capex for sub-Saharan Africa projects

-Nigeria leads in sub-Saharan Africa with a capex of $59 billion on 28 planned, announced projects during 2018–2025 period

21.12.2018 Natural Gas , Oil , Finance , Middle East-Africa , General

Russian companies to follow OPEC oil cut pledge: Novak

- Russia will cut oil production by 228,000 barrels per day, energy minister confirms

22.12.2018 Oil , Eurasia , General

Anadolu Agency's energy desk to host IEA head on Dec. 21

- Recent developments in local and international energy sector and oil prices will be among issues up for discussion

21.12.2018 Natural Gas , Oil , World , Turkey

SOCAR, BP consider forming petrochem facility in Turkey

-Proposed facility in Izmir would produce 1.25 million tonnes of purified terephthalic acid, and 840,000 tonnes of paraxylene

21.12.2018 Natural Gas , Oil , Projects , Turkey , General

US' crude inventories decline, output rises slightly

- Crude oil output rises for 39th time in past 49 weeks

20.12.2018 Upstream , Americas

Oil prices decline after Fed decision, market selloff

- US Federal Reserve signals continuance of interest rate increases in 2019

20.12.2018 Upstream , Stock Market , Asia , Americas

Eni drills, tests hydrocarbons in Indonesian offshore

- Tests show the well can deliver 70 million standard cubic feet of gas per day

19.12.2018 Oil , Asia , General

Highlights of Turkish energy market in 2018

- TANAP, Socar's STAR Refinery, TurkStream and Turkey's seismic study in Med. sea were hot energy topics in 2018

22.12.2018 Natural Gas , Oil , Finance , Renewable , Turkey

Oil prices recover with rebound in stocks, Fed in focus

- Global oil market focuses on much-awaited U.S. Federal Reserve meeting

19.12.2018 Oil , Finance , World , General

Petrofac secures Ithaca build, commissioning deal

- Firm will be responsible for construction, commissioning works on Ithaca's FPF-1 floating prod. facility in UK North Sea

19.12.2018 Upstream , Upstream , News from companies , Europe

Libya state oil company maintains closure of oilfield

- Operations at oilfield were halted last week by security group tasked with protecting it

19.12.2018 Oil , Middle East-Africa , General

Oil prices down as US shale set to hit record output

- Shale oil output in US is estimated to reach 8.17 million barrels per day in January

18.12.2018 Oil , Finance , World

Sonangol, BP agree to advance BP’s activities in Angola

- Companies to progress new deepwater development and explore further opportunities in Angola

19.12.2018 Oil , Europe , Middle East-Africa

Highlights of global energy market in 2018

- U.S. sanctions against Iran, OPEC's oil cut pact extension, oil rebalancing and climate concerns were hot topics in 2018

19.12.2018 Natural Gas , Oil , Renewable , International Relations , International Organization , World , Turkey

Oil, gas firms ready for low prices in 2019: WoodMac

- "Portfolios are set to weather low prices," a WoodMackenzie expert says

18.12.2018 Lng/Lpg , Upstream , Invesments , Americas

Brent oil trades above $60 for week beginning Dec. 17

-Decrease in the oil rig count and crude oil prices showed limited gains in the global market

17.12.2018 Electricity , Oil , Middle East-Africa , General

Qatar Petroleum to acquire oil interests in Mexico

- This is second transaction for Qatar Petroleum in Mexico

18.12.2018 Oil , Americas , Middle East-Africa , General

US oil rig count shows decrease in week

- Number of oil rigs falls down to 873 from 877 the week before

17.12.2018 Oil , Americas

Brent oil trades above $61 for week ending Dec. 14

- Oil prices gain with easing US-China trade relations and with OPEC and oil-producing allies' agreement to trim output

15.12.2018 Oil , Finance , Downstream , Americas , Middle East-Africa , General

ANALYSIS - OPEC cuts inadequate for oil market, prices

- Deal to curb production failed to boost prices, while forecasts indicate prices to remain low for some time

15.12.2018 Upstream , International Organization , Eurasia , Middle East-Africa

OPEC crude output rises in November

- November's global oil supply falls by 360K barrels per day to 101.1M due to lower output in North Sea, Canada and Russia

14.12.2018 Oil , Finance , Americas , Middle East-Africa , General

Oil prices gain with easing US-China trade relations

- China makes first soybean purchase from US since July

13.12.2018 Upstream , International Relations , Asia , Americas

US crude oil stocks, production decline for w/e Dec. 7

- Country's crude production retreats 108,000 bpd from record high level to 11.6 million bpd

13.12.2018 Refining/Petro Chemistry , Americas

Petrofac sells stake in Greater Stella Area development

- British oilfield services provider announces completion of sale of Petrofac GSA Holdings Ltd to Ithaca

13.12.2018 Upstream , News from companies , Europe

Total gets 2 exploration, prod. contracts in Mauritania

- Energy giant strengthens its position in emerging hydrocarbons basin offshore Mauritania

13.12.2018 Natural Gas , Oil , News from companies , Middle East-Africa

Global oil supply rises in November

- OPEC crude oil production decreases by 11 thousand barrels per day to average 32.97 million barrels per day, data shows

13.12.2018 Oil , Finance , Energy Diplomacy , International Organization , Americas , Middle East-Africa , General

Finnish Neste to invest $1.6B in Singapore production

- Investment will extend Neste’s renewable product overall capacity in Singapore by up to 1.3 million tons per annum

12.12.2018 Oil , Invesments , Asia , General

Eni Norge AS, Point Resources and HitecVision merge

- Var Energi, 69.6 percent owned by Eni and 30.4 percent by HitecVision, has about 800 employees and 17 oil and gas fields

12.12.2018 Oil , Energy Projects , Europe , General

Oil prices rise with market, trade optimism

- Crude prices gain more than 1 percent on stock market optimism and easing of U.S.-China trade tensions

12.12.2018 Upstream , Stock Market , Europe , Asia

EIA revises down 2019 oil price forecast by $11 a brl.

- Brent is expected to average $61 a barrel next year, down from previous estimate of $72 per barrel

13.12.2018 Upstream , Stock Market , Americas

US oil majors raise oil production outlook for 2019

- ConocoPhillips and Hess forecast production of more oil next year, while keeping their budgets flat

12.12.2018 Upstream , Invesments , Americas

Russia to cut oil production gradually: Energy Minister

- Initial oil cut will be at least 50,000 barrels a day, Novak says

12.12.2018 Upstream , International Organization , Eurasia

Libya declares force majeure on its biggest oil field

- Total cost of shutdown to Libyan economy is $32.5 million per day

11.12.2018 Refining/Petro Chemistry , Energy Security , Middle East-Africa

US investment banks see low oil prices despite OPEC cut

- Citigroup expects Brent to average $60 per barrel in 2019 while Morgan Stanley cuts forecast by $10 a barrel for next year

12.12.2018 Upstream , Stock Market , International Organization , Americas

Eni announces startup of Vandumbu oilfield offshore Angola

- Ramp-up of Vandumbu in Block 15/06 will lead to total production of about 170,000 barrels of oil per day, company says

12.12.2018 Upstream , News from companies , Middle East-Africa

Indonesia's capex on crude & gas is highest in SE Asia

- SE Asia is expected to spend capex of $14.9B to bring planned projects online & $55.1B on announced projects from 2018-2025

12.12.2018 Natural Gas , Oil , Finance , Asia , General

Oil prices up as US, China restart trade talks

- World's two biggest economies lay out roadmap for new round of trade talks

11.12.2018 Upstream , International Relations , Asia , Americas

Eni discovers oil in offshore Angola

- Eni's new oil discovery in Angola is estimated to contain between 170 and 200 million barrels of light oil

10.12.2018 Oil , Finance , Middle East-Africa , General

OPEC cut to push Brent to $70 in 3Q19: WoodMackenzie

- “A production cut of 1.2 million bpd would tighten the oil market by the third quarter of 2019," Wood Mackenzie expert says

11.12.2018 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

Eni sells 45% of Egypt's Nour Sinai offshore concession

- Eni announces entry of Mubadala Petroleum and BP as new partners in Nour concession in Egypt

10.12.2018 Natural Gas , Oil , Europe , Middle East-Africa , General

Brent oil up after OPEC deal to cut production

- Price of Brent crude trades above $62 a barrel at start of week

11.12.2018 Upstream , International Organization , Middle East-Africa

Turkey’s 2nd drillship expected to arrive by end of Jan

- Energy minister says Turkey determined to explore own oil and gas reserves to be energy independent

10.12.2018 Natural Gas , Oil , Energy Diplomacy , Turkey , General

US oil rig count shows decrease in week

- Number of oil rigs down by ten, pushing crude prices higher

10.12.2018 Oil , Americas

OPEC, allies agree to cut oil output by 1.2M barrels

- Saudi Arabia to carry heaviest burden; Iran, Libya, Venezuela exempt

09.12.2018 Upstream , International Organization , Middle East-Africa

Russia, Serbia sign agreement on nuclear cooperation

Hitachi halts work on UK nuclear plant over financing

Russia supplies fuel units for Egypt's research reactor

Russia to supply fuel for China's fast-neutron reactor

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

Turkey's electricity consumption grows 6% in October

Turkey breaks local coal production record in 2018

China: Coal mine collapse kills 21 workers

Asia, Africa, Middle East drive global energy growth

US coal production rises quarterly in 3Q18: EIA

Eni’s Var Energi awarded 13 oil, gas licenses in Norway

Shell completes sale of New Zealand entities

Petrofac secures Ithaca build, commissioning deal

Eni gets approval for Merakes Dev. Project in Indonesia

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

Renewables & gas to lead new US power capacity in 2019

Massive ship-to-ship LNG transfer starts in Turkey

Brent oil trades above $61 for week ending Dec. 14

Turkey can gain more than transit money from TurkStream

Petrofac secures engineering contract in Brunei

US Corpus Christi's second LNG cargo arrives in UK

Nigerian LNG vessel to arrive in Turkey on Jan. 15

Massive ship-to-ship LNG transfer starts in Turkey

Eni’s Var Energi awarded 13 oil, gas licenses in Norway

Global oil supply falls in December '18

Iraq’s oil production doubles in decade: EIA

US oil rig count shows decrease this week

Turkey's crude oil imports down by 11.2 percent in Oct.

Saudi Aramco enters fuel retail business

Brent oil trades around $53 for week ending Dec. 21

MEDREG can play 'crucial' role in Med energy sector

China’s crude oil refinery output up 6.8 pct in 2018

US crude stocks fall, but production sees slight rise

Pakistan, S. Arabia to ink oil refinery deal next month

BP to expand its petrochemical presence in South Korea

US' retail gasoline price ends 2018 lower

Trump touts low gas prices and forecasts more declines

‘Yellow vest’ protests grow violent in France

Israel bans fuel shipments into Gaza

China's Jiangsu approves 6.7 GW offshore wind projects

Turkey drafts regulation on electricity storage

Enel to sell 540 MW of renewable capacity in Brazil

Siemens G. launches its largest offshore wind turbine

Turkey drafts regulation on electricity storage

Enel to sell 540 MW of renewable capacity in Brazil

Asia-Pacific will remain leader in solar PV by 2025

Neoen starts operation at Australia’s largest PV plant

Asia, Africa, Middle East drive global energy growth

French company to supply turbines for Nile hydro-dam

Norway produces 94.2% of electricity from hydro in Oct.

Hydropower major source of Norway's electricity in Sept

Turkey drafts regulation on electricity storage

Turkey can cut 20% gas imports via district heating

Turkerler to invest up to $1B. in Manisa's geothermal

US funds $4.45M for geothermal zonal isolation research

Turkish firm exports custom design vehicles to world

Exxon, IBM to research quantum computing for energy

Sadr’s bloc slams presence of US troops in Baghdad

Turkey improves border security with smart system

Landmark Canakkale bridge to be completed in 2022

Turkey no. 2 country setting up firms in Uzbekistan

Trans Adriatic Pipeline completes financing of €3.9 bln

German strike grounds 600 flights affecting thousands

Brent oil rises on strong demand from China, supply cuts

Enel launches €1 billion new green bond in Europe

Morgan Stanley lowers oil price forecast for 2019

Goldman Sachs lowers oil price forecast for 2019

US Supreme Court rejects ExxonMobil bid to block probe

Chevron gets approval for project in UK's North Sea

'Yellow vest' protests spread to Netherlands

Tiny Pacific nation plans to sue oil majors for climate

US coal consumption in 2018 set to be lowest in 39 yrs.

Turkey's electricity consumption down 2.2% in Nov.

US plans to end electric car, renewable subsidies

MEDREG can play 'crucial' role in Med energy sector