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March 2017

March 2017
2017, March, 21, 18:55:00
DEMAND OVERTAKES SUPPLY
If the Organization of Petroleum Exporting Countries maintains its output cuts and nothing changes elsewhere, demand should overtake supply in this year’s first half, generating an implied market deficit of 500,000 b/d.
March 2017
2017, March, 21, 18:50:00
URALS: $52.25775
Средняя цена на нефть Urals за период мониторинга с 15 февраля по 14 марта 2017 года составила $52,25775 за баррель, или $381,5 за тонну. Согласно расчетам Минфина России экспортная пошлина на нефть в РФ с 1 апреля 2017 года понизится на $2,1 и составит $88,9 за тонну.
March 2017
2017, March, 21, 18:45:00
SOUTH PARS: 35,000 BPD
Production from the layer will reach 35,000 barrels per day once its wells are fully operational.
March 2017
2017, March, 21, 18:40:00
NORWAY'S OIL PRODUCTION DOWN 25,000
Preliminary production figures for February 2017 show an average daily production of 2 010 000 barrels of oil, NGL and condensate, which is a decrease of 25 000 barrels per day (approx. 1 percent) compared to January.
March 2017
2017, March, 21, 18:35:00
NABORS NET LOSS $1 BLN
Nabors Industries Ltd. ("Nabors") (NYSE: NBR) reported full-year 2016 operating revenue of $2.2 billion, compared to operating revenue of $3.9 billion in the prior year, which included $366 million in revenue from the Completion and Production Services segment (NCPS), a business line that merged with C&J Energy Services, Inc. (CJES) on March 24, 2015 and ceased to be consolidated with Nabors on that date. Net income from continuing operations for the year was a loss of $1.0 billion, or $3.58 per share, compared to a loss of $330 million, or $1.14 per share, in FY 2015. Included in the net loss from continuing operations for full year 2016 were total after-tax impairments and other charges of $487 million, or $1.71 per share, as well as $0.80 per share in Nabors' proportional share of CJES' net loss for the period. This compares to prior year impairments and other charges of $380 million, or $1.31 per share, and $0.29 per diluted share for the company's proportional share of CJES' net loss.
March 2017
2017, March, 21, 18:30:00
U.S. RIGS UP 21
U.S. Rig Count is up 313 rigs from last year's count of 476, with oil rigs up 244, gas rigs up 68, and miscellaneous rigs up 1. Canadian Rig Count is up 207 rigs from last year's count of 69, with oil rigs up 137, gas rigs up 68, and miscellaneous rigs up 2.
March 2017
2017, March, 16, 19:05:00
OIL PRICES: OVER $52
West Texas Intermediate for April delivery rose as much as 76 cents to $49.62 a barrel on the New York Mercantile Exchange and was at $49.41 at 10:08 a.m. in London. Total volume traded was in line with the 100-day average. Prices climbed $1.14 to close at $48.86 on Wednesday after falling almost 11 percent the previous seven sessions. Brent for May settlement advanced as much as 84 cents, or 1.6 percent, to $52.65 a barrel on the London-based ICE Futures Europe exchange. Prices rose 89 cents to $51.81 on Wednesday. The global benchmark crude was at a premium of $2.48 to May WTI.
March 2017
2017, March, 16, 19:00:00
GLOBAL OIL RISKS
Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast.
March 2017
2017, March, 16, 18:55:00
CHINA'S INVESTNENT TO SAUDI
The nation’s $814 billion China Investment Corp. would be the principle investor in the planned flotation by Saudi Arabian Oil Co., according to the people, who asked not to be identified because the talks are private. China National Petroleum Corp. may also invest in the IPO, they said. No formal agreement has been reached, according to the people.
March 2017
2017, March, 16, 18:50:00
SAUDI'S SALES TO CHINA
Saudi Arabia has sought to boost oil sales to China, the world's second-largest oil market, after losing market share to Russia last year, by working mostly with China's top three state oil firms.