All publications by tag «OIL»
2018, February, 7, 08:05:00
RUSSIAN OIL TO CHINA UP
PLATTS - "We estimate that Russian crude inflows to China will likely grow by at least 11% in 2018. There will also be additional availability in the seaborne market, as PetroChina will take almost all its barrels through the doubled capacity pipelines," said Wang Zhuwei, senior analyst with S&P Global Platts China Oil Analytics.
2018, February, 7, 07:55:00
INTEGRATED INDIAN OIL
PLATTS - "The integrated entity will have the capacity to neutralize the impact of volatility in global crude oil prices," said oil minister Dharmendra Pradhan. "The integrated entity will have the advantage of having enhanced capacity to bear higher risks and take higher investment decisions."
2018, February, 7, 07:45:00
NORWAY DIVESTS OIL
BLOOMBERG - Norway’s $1.1 trillion wealth fund shocked the world last year when it announced a plan to divest all its oil and gas stocks, worth $35 billion at the time.
2018, February, 7, 07:20:00
SOUTH AFRICA'S EXPLORATION
TOTAL - Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval.
2018, February, 5, 08:00:00
OIL PRICE: ABOVE $67
REUTERS - Brent was down 68 cents, or 1 percent, at $67.91 a barrel at 0344 GMT, after falling 1.5 percent on Friday. Brent’s weekly drop was 2.75 percent last week.
U.S. West Texas Intermediate (WTI) crude declined 72 cents to $64.73 a barrel, after dropping 0.5 percent in the previous session. WTI fell by 1 percent during the last week.
2018, February, 5, 07:42:00
MEXICO'S OIL INVESTMENT $100 BLN
FT - Mexico secured almost $100bn in investment in its most successful oil tender to date as Anglo-Dutch oil major Royal Dutch Shell positioned itself as the biggest player in deepwater exploration and new companies including Qatar Petroleum burst on to the scene.
2018, February, 5, 07:40:00
IRANIAN OIL UP BY 165 TBD
SHANA - Iranian Minister of Petroleum Bijan Zangeneh says the country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year.
2018, February, 5, 07:05:00
U.S. RIGS DOWN 1 TO 946
BAKER HUGHES A GE - U.S. Rig Count is down 1 rig from last week to 946, with oil rigs up 6 to 765, gas rigs down 7 to 181, and miscellaneous rigs unchanged.
Canada Rig Count is up 4 rigs from last week to 342, with oil rigs up 14 to 234 and gas rigs down 10 to 108.
2018, February, 2, 12:30:00
OIL PRICE: STILL ABOVE $69
REUTERS - Brent futures, the global benchmark, were up 24 cents, or 0.3 percent, at $69.89 a barrel by 0635 GMT. U.S. West Texas Intermediate (WTI) crude was up 33 cents, or 0.5 percent, at $66.13 a barrel.
2018, February, 2, 12:25:00
OIL PRICE WILL BE $80
BLOOMBERG - Brent will reach $75 a barrel over the next three months and will climb to $82.50 within six months, analysts including Damien Courvalin wrote in an emailed report. Their previous estimate for both time periods was $62 a barrel.