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.

2017-03-22 19:00:00

PRICES COULD BE LOWER

PRICES COULD BE LOWER

BRENT OIL PRICES MARCH 2016 - MARCH_ 2017

WTI OIL PRICES MARCH 2016 - MARCH 2017_

GAS PRICES MARCH 2016 - MARCH 2017

OGJLight, sweet crude oil prices for April delivery dropped modestly on Mar. 20, holding above $48/bbl on the New York market in what one analyst calls a possible trend toward a new, lower range of oil prices than the $50-54/bbl range that had existed earlier this year.

"Crude oil is showing the first signs of potentially settling into a new, lower range than that witnessed from December to February," said Ole Hansen, Saxo Bank head of commodity strategy.

He said Libyan oil production is likely to rise again while US crude oil inventories are expected to have increased for the week ended Mar. 17. The US Energy Information Administration will release its weekly inventory report on Mar. 22.

Meanwhile, the Organization of Petroleum Exporting Countries and other major producers are monitoring progress in making negotiated production cuts to support oil prices. Those producers agreed last year to 6-month production targets, which started in January.

Energy prices

The crude oil contract for April delivery on the New York Mercantile Exchange dropped 56¢ on Mar. 20 to $48.22/bbl. The May contract fell by 40¢ to $48.91/bbl.

The natural gas price for April rose 9¢ to a rounded $3.04/MMbtu. The Henry Hub cash gas price closed at $2.92/MMbtu, up 10¢.

Heating oil for April rose by less than 1¢ to a rounded $1.51/gal. Reformulated gasoline stock for oxygenate blending for April also gained nearly a penny to a rounded $1.61/gal.

The Brent crude contract for May on London's ICE decreased 14¢ to $51.62/bbl. The June contract dropped 16¢ to $51.79/bbl. The gas oil contract settled at $458.50/tonne on Mar. 20, up $1.75.

The average price for OPEC's basket of benchmark crudes on Mar. 20 was $49.18/bbl, down 18¢.

-----

Earlier: 

OIL PRICES: OVER $52 AGAIN 

DEMAND OVERTAKES SUPPLY 

URALS: $52.25775

OIL PRICES: OVER $52 

GLOBAL OIL RISKS

GAS PRICES: ABOVE $2.9

 

Tags: SAUDI, OIL, CHINA

Chronicle:

PRICES COULD BE LOWER
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

PRICES COULD BE LOWER
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

PRICES COULD BE LOWER
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

PRICES COULD BE LOWER
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

All Publications »