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.

2016-08-19 19:00:00

OIL PRICES: $50

OIL PRICES: $50

 

OIL PRICES AUG 2016

 

OIL PRICES SEP 2015 - AUG 2016

 

According to REUTERS, oil prices rose on Thursday for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels.

Brent ended the session up 2.09 percent at $50.89. The session high of $51.05 was its highest since June 23.

U.S. crude settled at $48.22, up 3.06 percent after touching a session high of $48.38, the highest since July 5.

Both benchmarks have risen more than 20 percent from a low in early August on news the Organization of the Petroleum Exporting Countries (OPEC) and other key exporters will probably revive talks on freezing output levels when they meet in Algeria next month.

The rapid rise puts oil, technically, in a bull market.

The rally has also been driven by short covering by speculators including hedge funds and other money managers, who had amassed record short positions.

A weak dollar also provided support to greenback-denominated oil. Against a basket of currencies, the dollar fell 0.6 percent and hit an 8-week low versus the Swiss franc.

Many OPEC members have been hurt badly by a collapse in oil prices over the last two years. While some Gulf oil exporters have very low output costs, other producers such as Iran and Venezuela need oil prices above $100 to balance their budgets.

"With the lack of investment from outside oil companies, the sovereigns will be the best hope to raise production next year in a situation where it is likely that demand will exceed global output and that in and of itself is a reason that a production freeze at current levels still matters," said Phil Flynn, senior energy analyst at Price Futures Group.

OPEC members will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria on Sept. 26-28.

But freezing production at current levels might not help bolster prices, many analysts said, particularly since Saudi Arabia signaled that it could boost crude oil supplies in August to a new record, even as it prepares to discuss output levels with other producers.

"The latest news from Saudi Arabia is not price supportive at all," said Carsten Fritsch, senior oil and commodities analyst at Germany's Commerzbank. "This is a double whammy for the oil market. A test of the lows of early August is quite possible."

Analysts at Citi also warned of the risks of a price rally based largely on potential future talks on freezing crude output levels given that similar meetings earlier this year failed to produce any such agreement.

-----

Earlier: 

OIL PRICES: $49 

OPEC REVENUE DOWN 46% 

OIL PRICES: $35 - $45 

OIL PRICES: $48 

RUSSIA - SAUDI TALKS 

OIL PRICES $47

 

 

Tags: OIL, PRICES

Chronicle:

OIL PRICES: $50
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: $50
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: $50
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: $50
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 »