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S&P Global Platts – OPEC June Output at 32.49 Million b/d to Six-Month High Jul 7, 2017The Organization of the Petroleum Exporting Countries (OPEC) members’ crude output rose 500,000 b/d to 32.49 million barrels per day compared to May, according to the latest S&P Global Platts survey.
S&P Global Platts – May OPEC Output Up 270,000 at 32.12 Million b/d – Highest Since January 2017 Jun 8, 2017The Organization of the Petroleum Exporting Countries (OPEC) members’ crude output rose 270,000 barrels per day (b/d) to 32.12 million barrels per day in May compared to April, according to a recent S&P Global Platts survey.
S&P Global Platts – April OPEC Crude Oil Output Unchanged at 31.85 Million Barrels Per Day May 8, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members’ crude output stayed unchanged in April at 31.85 million barrels per day (b/d) compared to March...
US DoE Announces Contract Awards for Sale of Strategic Petroleum Reserve Crude Mar 13, 2017The US Department of Energy’s (DOE) Office of Fossil Energy has announced contracts have been awarded from the recent sale of Strategic Petroleum Reserve (SPR) crude oil.
S&P Global Platts – OPEC Achieves 98.5% of Agreed Cuts Mar 7, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement...
Platts China Oil Analytics – China Apparent Oil Demand in December Rose 2.3% Feb 13, 2017China’s apparent oil demand in December 2016 rose 2.3% year over year to 11.69 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts...
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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OPEC Output Down to 32.16 Million b/d in January Reports S&P Global PlattsFeb 8, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members obligated to reduce oil output under the landmark agreement signed late last year achieved 91% of their required cuts in January...
Recent OPEC Agreement Reflected in US EIA ForecastDec 12, 2016The US Energy Information Administration’s new Today in Energy brief looks at OPEC’s recent agreement to reduce oil production.
Global Oil and Gas Exploration Likely to Return to Profitability in 2017Dec 12, 2016A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead Global Exploration: What to look for in 2017 shows that...
S&P Global Platts Announces Formal Proposal on Additional Crudes for Dated Brent BenchmarkDec 4, 2016S&P Global Platts, independent provider of information and benchmark prices for the commodities and energy markets, is inviting feedback on its proposal for...
McKinsey Energy Insights Predicts Oil Market Oversupply into 2017Sep 19, 2016McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that it will take more than six months for the oil markets to fully rebalance.
S&P Global Platts: June OPEC Output of 32.73 Million Barrels of Crude Per Day, Highest Since August 2008Jul 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 million b/d...
S&P Global Platts: OPEC Pumped 32.52 Million Barrels of Crude Oil Per Day in AprilMay 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) soared by 140,000 barrels per day (b/d) to 32.52 million b/d in April...
Wood Mackenzie: Global Oil Supply Shortfall if Exploration Results Don’t ImproveApr 27, 2016A new study by Wood Mackenzie warns the global oil market could face a supply shortfall of 4.5 million b/d by 2035, if exploration success doesn't improve.
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Platts Survey: OPEC Pumped 32.38 Million Barrels of Crude Oil Per Day in MarchApr 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose by 40,000 barrels per day (b/d) to 32.38 million b/d in March...
Platts Survey: OPEC Pumped 32.34 Million Barrels of Crude Oil Per Day in FebruaryMar 16, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell by 90,000 barrels per day (b/d) to...
Diesel fuel retail price falls below $2.00 per gallon for first time since 2005Feb 18, 2016EIA's weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first
JKX Oil & Gas comments on revised rate of gas production tax in UkraineJan 8, 2016The Ukraine Government has passed legislation to reduce the gas production tax in Ukraine from 55 per cent. to 29 per cent. with effect from 1 January 2016.
PRIX index forecast: No change in global oil exportsJan 5, 2016Will oil exports continue flowing onto the world market, suppressing the oil price? The PRIX index forecast for the first quarter of 2016 has just been calculated and indicates
Sound Oil gets time to complete Moroccan acquisitionSep 8, 2015Sound Oil is pleased to announce that it has entered into an agreement with Maghreb Petroleum Exploration S.A., under which Maghreb
Platts: European refineries, enjoying healthy margins, may delay maintenanceAug 28, 2015With distillate margins having risen over the past month and gasoline still strong, European refineries may look to delay scheduled
Platts JKM for August - delivered LNG down 2.7% from previous monthJul 23, 2015Prices of spot liquefied natural gas (LNG) to northeast Asia averaged $7.395 per million British thermal units (/MMBtu) for August,
PRIX index Q3 indicates rising oil exportsJul 1, 2015The new index number published at prixindex.net indicates that political developments will lead to higher exports from the world’s
Core Bakken assets remain economical despite low oil prices, says GlobalData AnalystMay 22, 2015While the 12 counties with Bakken production between North Dakota and Montana have lost the majority of their horizontal rigs over the last eight months,
Platts JKM™ for May-delivered LNG showed first monthly gain since NovemberApr 21, 2015Prices of spot liquefied natural gas (LNG) to northeast Asia for May delivery remained under pressure, falling 52.6% year over year to average
IPEX shows petrochemical and plastics markets reacting to crude price swingsMar 13, 2015Petrochemical markets in Asia have reacted swiftly to recent rising crude oil and naphtha prices but European and US markets
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