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.

2015-08-03 17:55:00

SAUDI'S PRICE WILL RISE

SAUDI'S PRICE WILL RISE

Saudi Arabia is expected to raise prices for crude it sells to Asia in September due to a stronger Dubai benchmark, traders and analysts said on Monday, adding that the top oil exporter will be wary of a hike so big it would threaten its market share.

OPEC's efforts to discourage growth from rival supply sources are bearing fruit as the group continued to pump at record levels in July. Still, raising prices when Asian refiners are cutting runs because of weak margins could hurt demand for Saudi oil, the traders and analysts said.

"It's an awkward decision," a Singapore-based trader said. "They have to follow their formula to ensure price continuity, but at the same time they have to keep their prices competitive when compared with other grades in the market."

State oil giant Saudi Aramco sets its crude prices each month based on recommendations from customers and a formula that tracks changes in Dubai's price structure and product prices.

The spread between first and third month cash Dubai prices gained $1.10 a barrel in July from the previous month on strong demand seen during the Platts price assessment process.

In line with the Dubai gains, the official selling price (OSP) for flagship Arab Light crude in September could rise by $1 a barrel from August, but customer-advised adjustments to reflect weak margins may reduce the price hike to about 60 cents, a survey of five refiners and traders showed.

The OSPs for Arab Medium and Heavy are expected to post stronger gains of more than $1 after fuel oil strengthened against gasoil, the respondents in the survey said.

Weak margins last month reduced room for Asia's refiners to buy more crude and depressed differentials for September barrels to multi-month lows.

Complex refining margin at an Asian refinery fell by more than 30 percent in July from the previous month due to an oversupply of refined oil products, diesel in particular.

Japan's top refiner JX Nippon Oil & Energy Corp and Taiwan's Formosa Petrochemical Corp have both said they are cutting crude runs in August on high products stocks.Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting more than 12 million barrels per day (bpd) of crude bound for Asia.

reuters.com

More:

OPEC & RUSSIA BALANCE

OPEC OIL UP 170 000

OPEC: LOWER DEMAND

OIL CAN DOWN

SHORT-TERM OIL OUTLOOK

SAUDI & RUSSIA INVESTMENTS

 

Tags: SAUDI, OPEC, OIL, PRICES

Chronicle:

SAUDI'S PRICE WILL RISE
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.

SAUDI'S PRICE WILL RISE
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.

SAUDI'S PRICE WILL RISE
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.

SAUDI'S PRICE WILL RISE
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 »