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October 2016

October 2016
2016, October, 31, 19:10:00

OIL PRICE: ABOVE $49

London Brent crude for December delivery LCOc1 was down 29 cents, or 0.6 percent, at $49.42 a barrel by 0750 GMT after settling down 76 cents on Friday. NYMEX crude for December delivery CLc1 was trading down 29 cents, or 0.6 percent, at $48.41 a barrel, after closing down $1.02 on Friday.

October 2016
2016, October, 31, 19:05:00

НЕГАТИВНЫЕ НИЗКИЕ ЦЕНЫ

Негативное воздействие низких цен, проявившееся в серьезном сокращении инвестиций в нефтедобычу, будет продолжаться третий год подряд, что станет беспрецедентной ситуацией.

October 2016
2016, October, 31, 19:00:00

WBG BOUGHT UKRAINE

Poverty rates are estimated to have increased, with access to services hampered in conflict-affected areas. The international partners are ready to support the efforts of the government of Ukraine on recovery of the infrastructure and peacebuilding, tailored to the specific needs of conflict-affected communities.

October 2016
2016, October, 31, 18:55:00

PAKISTAN IS BETTER FOR WBG

Pakistan announced a three year road map to improve its global ranking on doing business earlier this year. Consistent with that, the country completed three reforms in the past year in Registering Property, Getting Credit and Trading Across Borders. The highest number in a single year over the past decade.

October 2016
2016, October, 31, 18:50:00

DEEPWATER OIL UP

Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production in water of depths greater than 125 meters, has increased 25% from nearly 7 million b/d a decade ago.

October 2016
2016, October, 31, 18:45:00

AUSTRALIAN LNG INFLATION

“The rampant cost inflation on Australian projects combined with the collapse in oil prices is damaging for a lot of these projects,” said Neil Beveridge, analyst at Bernstein. LNG prices have been affected by a supply glut and are also linked to oil prices in Asia.

October 2016
2016, October, 31, 18:40:00

GE & BAKER HUGHES: $32 BLN

- Combination creates an unparalleled company positioned to deliver value for customers and investors - GE to own 62.5% and Baker Hughes shareholders to own 37.5% of the “New” Baker Hughes - GE to contribute $7.4 billion to fund the $17.50 per share special dividend to existing Baker Hughes shareholders

October 2016
2016, October, 31, 18:35:00

TOTAL NET INCOME DOWN 16%

Total once again reported solid quarterly results with adjusted net income of $2.1 billion and operating cash flow before working capital changes of $4.5 billion. The Group increased cash flow by 13% compared to the second quarter 2016 despite a 27% reduction in European refining margins and flat Brent prices.

October 2016
2016, October, 31, 18:30:00

U.S. RIGS UP 4

U.S. Rig Count is down 218 rigs from last year's count of 775, with oil rigs down 137, gas rigs down 83, and miscellaneous rigs up 2. Canadian Rig Count is down 38 rigs from last year's count of 191, with oil rigs down 11, gas rigs down 28, and miscellaneous rigs up 1.

October 2016
2016, October, 27, 19:00:00

OIL PRICE: ABOVE $50 AGAIN

Brent crude LCOc1 was up 22 cents at $50.20 a barrel as of 0845 GMT (4:45 a.m. ET), after falling in the last three days. U.S. crude gained 10 cents to $49.28.