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.

2016-02-07 17:15:00

OIL PRICES UP $2

OIL PRICES UP $2

Crude oil prices soared by more than $2/bbl on both the New York and London markets Feb. 3, which analysts attributed to a sliding dollar. The oil price rally came despite a bigger-than-expected gain in US crude oil supplies.

The Energy Information Administration estimated US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased 7.8 million bbl for the week ended Jan. 29 compared with the previous week. The latest total was 502.7 million bbl, the Petroleum Status Report said.

Analysts said traders and investors appeared more focused on currency rates than on the inventory numbers.

The Wall Street Journal Dollar Index, which tracks the dollar against a basket of 16 other currencies, dropped 1.7%, the largest one-day drop since March 2015. Oil trades in US dollars so a weaker dollar makes oil less expensive for buyers using other currencies.

Ole Hansen, Saxo Bank head of commodity strategy, said the US Federal Reserve appears to be reassessing how fast it might hike interest rates.

"The struggling US oil and gas sector was a major contributor to slowing US growth," Hansen said. "It's now leading to a quiet shift among...policymakers as to how aggressive the Fed will be on future rate hikes."

Hansen said Fed Vice-Chairman Stanley Fischer has said the US economy could suffer if the recent volatility in financial markets persists and triggers a slowdown in the global economy.

"Instead of expecting four US rate hikes this year, we could now see the Federal Open Market Committee consensus move towards two or three rate rises at the coming meetings," Hensen said.

Separately, EIA estimated 2.934 tcf of natural gas in underground storage across the Lower 48 as of Jan. 29, representing a net decline of 152 bcf from the previous week.

Stocks were 490 bcf higher than last year at this time and 445 bcf above the 5-year average of 2.489 tcf, the Gas Storage Report said.

Energy prices

The March crude oil contract on NYMEX increased $2.40 to settle at $32.28/bbl on Feb. 3. The April contract climbed $2.25 to $33.86/bbl.

The NYMEX natural gas contract for March gained 1.3¢ to a rounded $2.04/MMbtu. The Henry Hub gas price was up 3¢ to $2.06/MMbtu on Feb. 3.

Heating oil for March delivery rose 6.8¢ to a rounded $1.08/gal. The price for reformulated gasoline stock for oxygenates blending for March was up 1.3¢ to a rounded $1.01/gal on Feb. 3.

The April ICE contract for Brent crude soared $2.32 to settle at $35.04/bbl on Feb. 3, and the May contract climbed $2.28 to settle at $35.75/bbl. The ICE gas oil contract for February was $304.25/tonne, up $13.25.

The average price for the Organization of Petroleum Exporting Countries' basket of 12 benchmark crudes for Feb. 3 was $28.36/bbl, down 27¢.

ogj.com

-----

More: 

OIL PRICES DECLINE 

U.S. GDP UP 0.7% 

U.S. OIL & GAS SHOCK 

WORLD BANK'S OIL PRICE: $37 

OIL PRICES: IDIOTIC FRENZY

 

 

 

Tags: OIL, PRICE

Chronicle:

OIL PRICES UP $2
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.

OIL PRICES UP $2
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.

OIL PRICES UP $2
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.

OIL PRICES UP $2
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 »