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All publications by tag «OIL»

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2018, July, 11, 09:00:00

OMAN OIL PRODUCTION UP

PLATTS - Oman's crude oil and condensate production in June jumped to its highest in eight months, another sign that key producers in the Middle East are beginning to pump more oil, the sultanate's oil ministry said in its latest monthly bulletin.

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2018, July, 11, 08:55:00

NIGERIA'S OIL INVESTMENT $10 BLN

BLOOMBERG - The $10 billion refinery, set to be one of the world’s largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Edwin Devakumar, group executive director at Dangote Industries Ltd., said in an interview at the coastal site, about an hour’s drive east of Lagos.

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2018, July, 9, 15:25:00

OIL PRICE: NEAR $78

REUTERS - Benchmark Brent LCOc1 was up 70 cents at $77.81 a barrel by 1150 GMT. U.S. crude CLc1 was unchanged at $73.80.

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2018, July, 9, 15:20:00

IRAN'S OIL UNCHANGED

SHANA - Iranian Minister of Petroleum Bijan Zangeneh said that Iranian crude oil and exports had not been affected as a result of US’s pulling out of the Joint Comprehensive Plan of Action (JCPOA).

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2018, July, 9, 15:15:00

LIBYA'S OIL PRODUCTION DOWN TO 527 TBD

REUTERS - Libya’s national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.

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2018, July, 9, 15:00:00

U.S. RIGS UP 5 TO 1,052

BAKER HUGHES A GE - U.S. Rig Count is up 5 rigs from last week to 1,052, with oil rigs up 5 to 863, gas rigs unchanged at 187, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 10 rigs from last week to 182, with oil rigs up 9 to 126 and gas rigs up 1 to 56.

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2018, July, 6, 12:01:00

OIL PRICE: NEAR $77 YET

REUTERS - Yet by 0649 GMT, U.S. West Texas Intermediate (WTI) crude futures were up 16 cents, or 0.2 percent, from their last settlement at $73.10 per barrel. Brent crude futures LCOc1 were down 7 cents, or 0.1 percent, at $77.32.

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2018, July, 6, 11:45:00

IRAN'S OIL IS IMPORTANT

SHANA - Donald Trump's call on other countries to stop buying crude oil from Iran and putting European companies under pressure would be a kind of self-harm for the US leading to dramatic price hikes in the oil market, given Nigeria and Libya being crisis-stricken, Venezuela's crude oil output having plunged and Saudi Arabia's domestic consumption spike in summer, Iran's OPEC Governor says.

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2018, July, 4, 12:45:00

OIL PRICE: NEAR $78 AGAIN

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 46 cents, or 0.6 percent, to $74.60 a barrel at 0343 GMT (11.43 p.m. ET), compared with their last settlement. On Tuesday, WTI hit its highest since November 2014 at $75.27. Brent crude futures LCOc1 were changing hands at $78.10 per barrel, up 34 cents, or 0.4 percent, from their last close.

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2018, July, 4, 12:20:00

SAUDI ARABIA & RUSSIA: +1 MBD

BLOOMBERG - Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day.

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