Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-01-10 17:50:00

OIL PRICES DOWN $33.75

OIL PRICES DOWN $33.75

 

OIL PRICES 2014 - 2016

 

Light, sweet crude prices for February delivery settled Jan. 7 below $34/bbl on the New York market, which was the lowest settlement for the front-month contract since February 2004. Brent crude oil for February also settled below $34/bbl on the London market Jan. 7.

The prices for other types of crude also fell. Western Canadian Select, the benchmark for heavy crude from the Canadian oil sands, traded about $14/bbl below the New York oil futures benchmark Jan. 7.

The basket of 13 types of crude sold by members of the Organization of the Petroleum Exporting Countries fell to $29.71/bbl Jan. 6 and $27.85 Jan. 7.

Analysts blamed Chinese stock market volatility and a faster-than-expected weakening of the Chinese yuan for contributing to dropping oil prices worldwide. China is one of the world's largest oil consumers.

The Asian giant's central bank, the People's Bank of China, fixed the value of the yuan against the dollar on Jan. 7 after yuan values dropped 0.5% from Jan. 6, marking the biggest move since Aug. 13, when a devaluation of the yuan weakened the currency.

A weaker yuan could mean fewer Chinese crude oil imports. Oil traders noted investors already were nervous about China's economy because trading on Chinese stock markets was halted early 2 days this week.

Volatility triggered a circuit breaker mechanism, which Chinese regulators said has been suspended.

Martin O'Rouke of Saxo Bank said, "The [circuit breaker] decision is indicative of Beijing's inability to get to grips with market dynamics. Manipulating an economy is one thing—trying to manage markets is altogether another."

US natural gas futures prices jumped 11¢ to a rounded $2.38/MMbtu on Jan. 7 after the weekly government gas storage estimated that gas levels in underground storage across the Lower 48 fell more than analysts had expected.

The Energy Information Administration estimated levels at 3.643 tcf as of Jan. 1, which was a net decline of 113 bcf from the previous week. Stocks were 535 bcf higher than last year at this time and 464 bcf above the 5-year average of 3.179 tcf, the Gas Storage Report said.

Analysts and traders surveyed by The Wall Street Journal before the report's release had anticipated a 100-bcf withdrawal.

Typically, gas storage experiences withdrawals in early winter upon more gas demand for heating, but mild temperatures in recent months meant inventories were building until late November.

Energy prices

The February crude oil contract on the New York Mercantile Exchange dropped 70¢ to settle Jan. 7 at $33.27/bbl. The March contract was down 71¢ to settle at $34.49/bbl.

The NYMEX natural gas contract for February rose 11¢ to a rounded $2.38/MMbtu. The Henry Hub gas price held steady at $2.35/MMbtu for a second consecutive day Jan. 7.

Heating oil for February delivery dropped 1.5¢ to a rounded $1.07/gal. The price for reformulated gasoline stock for oxygenates blending for February was down 1.6¢ to a rounded $1.15/gal.

The February ICE contract for Brent crude dropped 48¢ to $33.75/bbl, and the March contract was down 54¢ to $34.09. The ICE gas oil contract was $316/tonne on Jan. 7, up $1.25.

The average price for the Organization of Petroleum Exporting Countries' basket of 12 benchmark crudes for Jan. 8 was $27.85, down $1.86. 

ogj.com 

----- 

More: 

OIL PRICES: M&A DOWN 

OIL PRICES: U.S. SHAKEN  

2015: OIL PRODUCTION, CONSUMPTION, PRICES  

2016: THE NEXT GLOBAL RECESSION  

2016: OIL & GAS INVESTMENTS DOWN TO $522 BLN  

2016: OIL RISKS & SPENDING

 

 

Tags: OIL, PRICES
OIL PRICES DOWN $33.75 September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

OIL PRICES DOWN $33.75 September, 20, 09:00:00

GAS PRICES UP TO $3.146

OIL PRICES DOWN $33.75 September, 20, 08:55:00

ЦЕНА URALS: $51,81591

OIL PRICES DOWN $33.75 September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

OIL PRICES DOWN $33.75 September, 20, 08:45:00

RENEWABLE'S FUTURE

OIL PRICES DOWN $33.75 September, 20, 08:40:00

TOTAL BUYS RENEWABLE

All Publications »

Chronicle:

OIL PRICES DOWN $33.75
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

OIL PRICES DOWN $33.75
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

OIL PRICES DOWN $33.75
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

OIL PRICES DOWN $33.75
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00