A balanced global crude oil market likely will remain elusive into 2018 because so many underlying dynamics have changed in the last 10 years. The outlook is worse for LNG because markets are saturated, prices are depressed, and economics are unfavorable.
The July light, sweet crude contract on NYMEX climbed 34¢ on May 23 to close at $51.47/bbl. The August contract rose 32¢ to settle at $51.72/bbl. The natural gas price for June fell 11¢ to a rounded $3.22/MMbtu. The Henry Hub cash gas price was $3.20/MMbtu, down 1¢. The Brent crude contract for July on London’s ICE gained 28¢ to $54.15/bbl. The August contract was up 30¢ to $54.41/bbl. The June gas oil contract held unchanged at $479/tonne. OPEC’s basket of crudes on May 23 settled at $51.34/bbl, down 20¢.
«Принято решение рекомендовать Конференции министров стран ОПЕК и не входящих в ОПЕК государств, которая соберется 25 мая в Вене, продлить срок действия договоренностей о корректировке объемов нефтедобычи на девять месяцев с 1 июля 2017 года», - сообщил Александр Новак.
Russia itself is now slightly overcomplying with its commitment to cut 300,000 b/d of oil production from October levels, having achieved a 310,000 b/d cut since the beginning of the month.
As a major buyer of OPEC crude, India is hoping to leverage its ties with the oil producer bloc to gain "preferential treatment," the country's petroleum minister Dharmendra Pradhan told.
Brent crude LCOc1 ended a run of four days of consecutive gains to trade 36 cents lower at $53.51 per barrel at 0831 GMT. U.S. light crude CLc1 was down 33 cents at $50.80.
В портфеле торгпредства российско-иранских проектов около 50 проектов на сумму порядка $40 млрд.
“India is very price sensitive. I need to ask how do I serve my citizens best. We are free to import oil from any part of the world . . . from the US and Canada, as well as more supplies from Russia.”
Saudi Aramco today signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts to the Kingdom.
Brent crude gained 48 cents o $54.09 a barrel by 1043 GMT (6:43 a.m. ET), with U.S. light crude up 47 cents at $50.80.