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.

2016-01-31 11:55:00

OIL PRICES UP TO $33

OIL PRICES UP TO $33

Light, sweet crude prices settled above $33/bbl on the New York market Jan. 28 and Brent crude oil did the same on the London market. The gains followed comments by Russian energy officials that they would talk with the Organization of Petroleum Exporting Countries next month about output.

The Wall Street Journal reported a senior OPEC official refuted suggestions that production cuts could result, and many analysts also were skeptical.

"While we view this outcome as unlikely, a 5% production cut by just Saudi Arabia and Russia would be sufficient to bring the market close to balance," said Jason Gammel, oil analyst at Jefferies. "A balanced market...would set the stage for oil price recovery."

Oil prices started the year with a tumble below $30/bbl, which prompted Citigroup to reset its price expectations for the year.

Credit Suisse Group AG lowered its oil price forecast this month, saying it now expects Brent will average $36.25/bbl for 2016. In September 2015, the bank had forecast Brent would average $58/bbl for 2016.

Citigroup Inc. also recently reduced its oil price estimate, saying Brent will average $40/bbl in 2016. That compared with a forecast of $51/bbl Citigroup made in November 2015.

"Unless material production declines emerge in the next 3 to 6 months, it will be hard to see much upside in crude prices," Citigroup said.

Energy prices

The March crude oil contract on the New York Mercantile Exchange gained 92¢ to settle at $33.22/bbl on Jan. 28. The April contract rose 95¢ to $34.71/bbl.

The NYMEX natural gas contract for March gained 2.5¢ to a rounded $2.18/MMbtu. The Henry Hub gas price declined 12¢ to $2.12/MMbtu on Jan. 28.

Heating oil for February delivery rose 0.5¢ to remain at a rounded $1.03/gal. The price for reformulated gasoline stock for oxygenates blending for February was up 3¢ to a rounded $1.08/gal.

The March ICE contract for Brent crude gained 79¢ to settle at $33.89/bbl on Jan. 28, and the April contract climbed 87¢ to $34.80/bbl. The ICE gas oil contract for February was $307.75/tonne, up $15.75.

The average price for OPEC's basket of 12 benchmark crudes for Jan. 28 was $28.28/bbl, up $1.88.

ogj.com

-----

More: 

U.S. GAS: EXPENSIVE 

BRITISH GAS PRICES DOWN 40% 

PRICE WILL BE HIGHER 

THE GREATEST INVESTING OPPORTUNITIES 

OIL DEMAND WILL GROW

 

 

Tags: OIL, PRICES, SAUDI, RUSSIA

Chronicle:

OIL PRICES UP TO $33
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

OIL PRICES UP TO $33
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

OIL PRICES UP TO $33
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

OIL PRICES UP TO $33
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »