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2014-11-04 19:40:00

OIL FUTURES LOWER

OIL FUTURES LOWER

The New York Mercantile Exchange December crude oil contract fell 58¢ on Oct. 31, closing at $80.54/bbl. The January 2015 contract fell 48¢ to $80.42/bbl.

The natural gas contract for December gained 4.6¢ to a rounded $3.87/MMbtu. The cash gas price at Henry Hub, La., was $3.80/MMbtu, up 6¢.

Heating oil for November delivery edged up slightly to a rounded $2.52/gal. Reformulated gasoline stock for oxygenate blending for November delivery lost 2.63¢ to a rounded $2.17/gal.

The December ICE contract for Brent crude oil was down 38¢ to $85.86/bbl. The January 2015 contract fell 36¢ to $86.34/bbl. The ICE gas oil contract for November declined $4.75, settling at $741.75/tonne.

The average price for OPEC's basket of 12 benchmark crudes was $81.97/bbl on Oct. 31, losing 82¢.

ogj.com

Tags: OIL, GAS, PRICES, OPEC

Chronicle:

OIL FUTURES LOWER
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

OIL FUTURES LOWER
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

OIL FUTURES LOWER
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

OIL FUTURES LOWER
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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