Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-12-14 15:20:00

OIL PRICES DOWN

OIL PRICES DOWN

Crude oil prices extended their slump on the New York market with a Dec. 11 settlement of less than $60/bbl for January, and prices continued downward in early Dec. 12 trading after the International Energy Agency cut its global oil demand growth forecast for 2015.

IEA cut its demand growth forecast for the fifth time in 6 months on Dec. 12, although the Paris group said it still expects robust production increases from nations outside the Organization of Petroleum Exporting Countries.

The latest IEA forecast calls for world oil demand rise 900,000 b/d in 2015, which is 230,000 b/d lower than its previous forecast for 2015. Demand growth was revised based on lower expectations from the former Soviet Union and other oil-exporting countries, said the latest IEA Oil Market Report.

"A strong dollar and the lifting of subsidies have so far limited supportive price effects on demand, which is now seen reaching 93.3 million b/d next year from 92.4 million b/d in 2014," IEA said.

The agency also said that "barring a disorderly production response, it may well take some time for supply and demand to respond to the price rout."

Producers already are slashing 2015 spending plans in response to lower oil prices, "but this is more likely to affect medium- and long-term output than short-term supplies," IEA said. "So long is the lead of oil projects that price swings can take time to work their way through supply. Projects that have already been funded will for the most part go on."

Energy prices

The New York Mercantile Exchange January crude oil contract fell 99¢ on Dec. 11, closing at $59.95/bbl. The February contract dropped 97¢ to $60.19/bbl.

The natural gas contract for January settled down 7.2¢ to a rounded $3.63/MMbtu. The cash gas price at Henry Hub, La., went the opposite direction, gaining 7¢ to $3.68/MMbtu on Dec. 11.

Heating oil for January delivery edged up 1.5¢ to a rounded $2.06/gal. Reformulated gasoline stock for oxygenate blending for January was down by 1.7¢ to a rounded $1.62/gal.

The January 2015 ICE contract for Brent crude oil fell 56¢ to $63.68/bbl. The February contract dropped 57¢ to $63.99/bbl. The ICE gas oil contract for December held unchanged at $581.75/tonne.

The average price for OPEC's basket of 12 benchmark crudes on Dec. 12 was $60.50/bbl, down 85¢.

ogj.com

Tags: OIL, PRICES

Chronicle:

OIL PRICES DOWN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

OIL PRICES DOWN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

OIL PRICES DOWN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

OIL PRICES DOWN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »