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.

2015-07-07 19:05:00

OIL PRICES DOWN 8%

OIL PRICES DOWN 8%

Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses.

Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the market if sanctions on Tehran are eased. The self-imposed deadline could be extended again, officials at the negotiations said.

A slump that began last week gathered pace through the session, taking four-day losses to more than 10 percent, the largest rout since early January, as weeks of range-bound trading abruptly ended. Global Brent prices collapsed below the $60 a barrel mark for the first time since mid-April.

"With the number of bearish elements weighing on the market now, the only support has been the seasonal demand in gasoline, and even that will be going away soon," said John Kilduff, partner at New York energy hedge fund Again Capital.

U.S. crude CLc1 settled at $52.53 a barrel, down $4.40 or 7.7 percent, from its settlement on Thursday and below the 100-day moving average. It was the biggest percentage drop in a day for U.S. crude since early February, and more downside momentum could push it to test the six-year low of $42.03 set in mid-March, technical analysts said.

Brent LCOc1 settled down $3.78, or 6.3 percent, at $56.54, also below the 100-day average.

Greeks voted a resounding no to a referendum on an international bailout that also put in doubt its membership in the euro. The euro EUR= fell against the dollar, weighing on demand for dollar-denominated commodities from holders of the single currency. [FRX/]

Commodities were also sucked into market turmoil that has seen Chinese shares .CSI300 fall as much as 30 percent since June due in part to the economy growing at its slowest pace in a generation.

In Vienna, a dispute over U.N. sanctions on Iran's ballistic missile program and a broader arms embargo were among issues holding up a nuclear deal between Tehran and six world powers.

Iran is seeking to restore oil exports that have dropped from 2.5 million barrels per day in 2011 to about 1 million bpd in 2014. Morgan Stanley analysts said up to 700,000 bpd in new Iranian exports were likely to arrive between late 2015 or early 2016, delaying the recovery in oil prices and U.S. output by 6 to 12 months.

Oil prices were also weighed down by signs that U.S. shale drillers were returning to the field, as the rig count for oil rose last week for the first time since December. [RIG/U]

It is unclear whether the latest price decline will give drillers pause, though, as many oil producers had been counting on $60 or $65 prices to support new wells.

reuters.com

More:

GREECE MOVING DOWN

IMF BUYS GREECE

RUSSIA & GREECE PIPELINE

GREECE & RUSSIA PIPELINE

GREECE EXPECTS RUSSIAN GAS

GREECE & RUSSIA VS EU

GREECE COULD BE THE HUB

Tags: GAS, RUSSIA, TURKEY, GREECE, STREAM, PIPELINE

Chronicle:

OIL PRICES DOWN 8%
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 PRICES DOWN 8%
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 PRICES DOWN 8%
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 PRICES DOWN 8%
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.

All Publications »