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.

2017-05-31 17:50:00

OIL PRICE: ABOVE $50

ЦЕНА НЕФТИ: ВЫШЕ $50

BRENT OIL PRICE MAY 31 2017

WTI OIL PRICE MAY 31 2017

REUTERS, BLOOMBERG -  Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fuelling concerns that OPEC-led output cuts to reduce global inventories were being undermined by producers outside the deal. 

Benchmark Brent oil LCOc1 was down $1.45, or 2.8 percent, at $50.39 a barrel by 1157 GMT (7.57 a.m. ET), after earlier touching $50.13 a barrel, the weakest since May 10. U.S. light crude CLc1 traded at $48.43, down $1.23 cents, or 2.5 percent. 

Both contracts were on track for their third straight monthly loss. 

"Unless some bullish news stops this, prices will fall further in particular now with Brent trading below the post-OPEC low and approaching $50 a barrel," said Carsten Fritsch, commodity analyst at Commerzbank. 

The Organization of the Petroleum Exporting Countries and other producers, including Russia, agreed last week to extend a deal to cut production by about 1.8 million barrels per day (bpd) until the end of March 2018. 

The initial six-month deal had been due to expire in June. 

Oil prices fell when the deal was extended because some investors had hoped for a longer extension or deeper cuts. 

"Traders covered short positions ahead of OPEC and some of these have now been re-established," said Ole Hansen, head of commodities strategy at Saxo Bank. 

OPEC members Libya and Nigeria are exempt from the cuts, while U.S. shale oil producers are not part of the agreement and have been ramping up production. 

Libya's oil production has risen to 827,000 bpd, climbing above a three-year peak of 800,000 bpd reached earlier this month, the National Oil Corporation said, after a technical issue that hit Sharara oilfield was resolved. 

Shipping data on Thomson Reuters Eikon shows that, excluding pipeline exports, Libya shipped an average of 500,000 bpd of oil so far this year, compared with 300,000 bpd average for 2016. 

Meanwhile, U.S. output has climbed to more than 9.3 million bpd C-OUT-T-EIA, close to top producers Saudi Arabia and Russia. 

Official government data showing weekly U.S. crude inventories will be published on Thursday. Analysts polled by Reuters expected U.S. stocks to have fallen by 2.8 million barrels last week, their eighth straight weekly decline. 

Compliance by those signed up to the OPEC-led deal remained high among OPEC members and industry sources said Russian figures for May showed output in line with its pledge. 

Saudi Arabia and Russia said on Wednesday that cooperation between OPEC and non-OPEC producers was seen lasting beyond March. "We want to institutionalize cooperation between OPEC and non-OPEC producers," Saudi Energy Minister Khalid al-Falih said.

BRENT OIL PRICES MAY 2016 - MAY  2017

WTI OIL PRICES MAY 2016 - MAY  2017

BRENT OIL PRICES MAY 2012 - MAY  2017

WTI OIL PRICES MAY 2012 - MAY  2017

-----

Earlier: 

OIL PRICES ANALYSIS  

OIL PRICE: ABOVE $51 ANEW 

OIL PRICE RECOVERY

OPEC & NON-OPEC AGREEMENT 

OIL PRODUCTION & PRICES

OIL PRICE: ABOVE $54 ANEW 

ПРОДЛИТЬ СРОК ДЕЙСТВИЯ 

 

Tags: OIL, GAS, PRICE, НЕФТЬ, ГАЗ, ЦЕНА

Chronicle:

ЦЕНА НЕФТИ: ВЫШЕ $50
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

ЦЕНА НЕФТИ: ВЫШЕ $50
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

ЦЕНА НЕФТИ: ВЫШЕ $50
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

ЦЕНА НЕФТИ: ВЫШЕ $50
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »