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.

2014-04-14 19:00:00

OIL RISES

OIL RISES

Brent crude advanced as escalating tensions between Ukraine and Russia, the world's biggest energy exporter, offset the potential for increased Libyan supply. West Texas Intermediate traded between gains and losses.

Futures in London increased as much as 1 percent to the highest intraday level since March 28. Russia called for an emergency meeting of the United Nations Security Council after Ukrainian security forces clashed with pro-Russian gunmen in the eastern town of Slovyansk. The port of Zawiya in western Libya reopened and a tanker will load at Hariga in the east, industry officials in the holder of Africa's biggest oil reserves said yesterday.

"Geopolitical risks are still there and rising tensions in Ukraine or sanction talk will offer temporary support," Andrey Kryuchenkov, an analyst at VTB Capital in London, said by e-mail."The outlook is very comfortable with extra Libya supplies and relatively slack refinery demand."

Brent for May settlement rose 0.5 percent to $107.91 a barrel by 1:51 p.m. on the London-based ICE Futures Europe exchange. It earlier gained as much as $1.05 to $108.38 a barrel to the highest in two weeks.

WTI for May delivery was unchanged at $103.74 in electronic trading on the New York Mercantile Exchange. The U.S. benchmark grade was at a discount of $4.24 to Brent. It shrank to $3.27 on an intraday basis on April 11, the least since Sept. 20.

Ukraine Crisis

In Ukraine, camouflaged gunmen fired on government forces near Slovyansk, about 240 kilometers (150 miles) from the Russian frontier, Ukrainian Interior Minister Arsen Avakov said. "Henchmen" of the government in Kiev are organizing attacks with the backing of Western nations, Russia's Ambassador to the United Nations Vitaly Churkin said at an emergency session of the Security Council in New York.

"The major contributor to the firm tone we're seeing in the market is further concerns about Ukraine," said Michael McCarthy, a chief strategist at CMC Markets in Sydney who predicts investors may sell contracts if Brent climbs to $109.50 a barrel. "Tensions are ramping up again. There's still a bit of upside from a technical point of view before we hit significant resistance."

Spike Higher

A halt of Russia's crude and natural gas supplies through Ukraine "could be hugely impactful," according to Ed Morse, the head of commodities research at Citigroup Inc. Any sanctions on Russia's energy industry would cause prices to "spike much higher," he said in a report today.

While there are signs of Libyan crude supplies resuming, there's still conflict in the North African country. Abdullah Theni, the prime minister, asked to resign after he and his family were threatened, Arabiya TV reported yesterday, citing people it didn't identify.

Libya's state-run National Oil Corp. lifted force majeure on the Hariga terminal on April 10. The facility is one of four ports seized last year by rebels seeking self-rule in the east of the country.

The nation's Zawiya oil terminal and refinery resumed operations on April 12, Mansour Abdalla, head of the plant's oil measurement unit, said by phone yesterday.

Brent may extend gains as it advances above the 30-day middle Bollinger Band, data compiled by Bloomberg show. Futures climbed to as high as the upper Band after a similar pattern in February. The upper Band is at about $109.40 a barrel today.

Hedge funds and other money managers boosted net-long positions on WTI by 10 percent to 331,056 futures and options in the week ended April 8, according to the U.S. Commodity Futures Trading Commission. Bets on rising prices were at the highest level for this time of year since at least 2006, according to data from the Washington-based regulator.

For Brent, net-long positions by hedge funds and money managers increased for the first week in five to 133,029 contracts, the most since March 18, according to weekly data from the ICE Futures Europe exchange.

BLOOMBERG.COM

Tags: OIL, UKRAINE

Chronicle:

OIL RISES
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

OIL RISES
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

OIL RISES
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

OIL RISES
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

All Publications »