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2015-02-07 16:25:00

OIL PRICES UP

OIL PRICES UP

Crude oil prices on the New York market bounced up $2/bbl to settle slightly above $50/bbl Feb. 5. The positive momentum continued during early Jan. 6 trading in what has proved to be a turbulent week for oil prices.

Brent prices also jumped $2/bbl higher on Jan. 5, which analysts attributed to reports of continuing unrest in Libya. The entrance to Mabruk oil field in central Libya was attacked and four people were reported to have been killed. Total SA jointly operates Mabruk field with Libya National Oil Co.

Meanwhile, Saudi Arabia increased its oil prices for US buyers late Feb. 5 while reducing its prices for Asian buyers.

US light, sweet oil prices showed early gains after the US Department of Labor said US nonfarm payrolls increased by a seasonally adjusted 257,000 jobs in January, which was more than the 237,000 that analysts had expected.

Energy prices

The New York Mercantile Exchange crude oil contract for March delivery gained $2.03 on Feb. 5, closing at $50.48/bbl. The April contract increased $2.01 to $51.31/bbl.

The natural gas contract for March was down 6.2¢ to $2.60/MMbtu on NYMEX. The Henry Hub, La., gas price was down 10¢ to $2.63/MMbtu on Feb. 5.

Heating oil for March climbed 3.9¢ to a rounded $1.81/gal. Reformulated gasoline stock for oxygenate blending for March was up 4.3¢ to a rounded $1.52/gal.

The March ICE contract for Brent crude oil climbed $2.41 to settle at $56.57/bbl. Meanwhile, the April Brent contract was up $2.35 to $57.51/bbl. The ICE gas oil contract for February gained $8 to $543.75/tonne.

The average price for OPEC's basket of 12 benchmark crudes on Feb. 5 was $50.81/bbl, down $1.41 from the previous day.

ogj.com

Tags: OIL, GAS, PRICES, BRENT, SAUDI, US,

Chronicle:

OIL PRICES UP
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

OIL PRICES UP
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

OIL PRICES UP
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

OIL PRICES UP
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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