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S. Arabia becomes largest oil supplier to China in 2020
- Saudi's oil exports to China amounts to approximately 1.69 million barrels per day in 2020, up 1.9% year over year
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Ecuador secures historic deal with US development bank
- Funds set to alleviate country’s longstanding debt with Asia and boost its economy amid COVID-19 pandemic
US crude oil inventories fall for week ending Jan. 8
- Commercial crude oil stocks decrease by 3.2 million barrels, more than market expectation of 2.7-million barrel draw
How aftermath of Gulf crisis will shape energy trade
- Lifting of blockade will save Qatar extra shipping costs of oil and LNG exports, and pave way for energy deals, expert says
Oil up on inventory fall, protests in US
- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
US crude oil inventories fall for week ending Jan. 1
- Commercial crude oil stocks decrease by 8 million barrels, more than market expectation of 1.5-million barrel draw
Turkey's energy import bill down 24.8% in November 2020
- Last month, overall energy imports fall with increase in country's domestic and renewable energy production
Turkey introduces new GSM technology: eSIM
- eSIMs to be installed remotely, used in all areas from home appliances to devices in workplaces, says transport minister
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US crude oil inventories fall for week ending Dec. 18
- Commercial crude oil stocks decrease by 600,000 barrels against market expectation of 3.2-million barrel fall
Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
Brent oil price up 1.68% for week ending Dec. 18
- Vaccine campaigns in UK, Canada and US support prices while negative 2021 outlook exerts downward price pressure
Oil prices reach 9-month high over US stocks drop
- US commercial crude oil inventories rise by 3.1 million barrels relative to market expectation of 3.5 million-barrel fall
US crude oil inventories fall for week ending Dec. 11
- Commercial crude oil stocks decreased by 3.1 million barrels against market expectation of 3.5-million barrel fall
Brent oil price up 1.81% for week ending Dec. 11
- Imminent vaccine releases in UK, Canada and US contribute towards positive market outlook during week
US crude oil stocks show strong rise for w/e Dec. 4
- Commercial crude oil stocks increase by 15.2 million barrels against market expectation of 1.5-million barrel fall
Oil prices up over bullish sentiment on vaccines
-Large build in US crude oil inventories block further rise amid ongoing weak global demand
Paris Agreement 5 years on with net-zero economy growth
- Paris Agreement ratified in December 2015 for transitioning to low carbon economy to gain speed in 2020s, a new report says
10.12.2020
General
Oil up as OPEC+ agrees on higher output next year
- Group agrees incremental rise of 500,000 bpd from January, then will hold monthly meetings to decide on next month's output
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US crude oil inventories fall for week ending Nov. 27
- Commercial crude oil stocks decrease by 700,000 barrels against market expectation of 2.3-million barrel fall
Oil prices down as OPEC+ delays talks, US oil stocks rise
- US crude oil inventories are forecast to rise by 4.2 million barrels for week ending Nov. 27, according to API figures
US, Saudi firms to form joint venture in MENA region
-Saudi Aramco, Baker Hughes will each own 50% share to manufacture non-metallic, composite materials, says Turkish Competition watchdog
Turkey's energy import bill down 37.2% in October 2020
- Overall energy imports fall last month with increase in country's domestic and renewable energy production
US crude oil inventories fall for week ending Nov. 20
- Commercial crude oil stocks decrease by 800,000 barrels against market expectation of 333,000 barrel fall
Brent oil price up 2.65% for week ending Nov. 20
- Boosted hopes for a sooner-than-expected recovery have lion's share in general positive outlook amid successful vaccine trials
‘Iran ready to abide by nuclear deal pledges’
- Iranian officials say they are ready to return to pledges of the 2015 nuclear deal, depending on US response
US crude oil inventories rise for week ending Nov. 13
- Commercial crude oil stocks increase by 800,000 barrels against market expectation of 1.7 million-barrel rise
Aramco signs oil and gas deals with 8 firms
-Company expects deals to support growth in employment and development of workforce in Saudi Arabia