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.

2018-06-18 14:30:00

OIL PRICE: NEAR $74

OIL PRICE: NEAR $74

REUTERS - Oil prices steadied on Monday ahead of an OPEC meeting that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China.

U.S. light crude oil CLc1 hit a two-month low of $63.59 a barrel before recovering to trade at $64.76, down 30 cents, by 0950 GMT. North Sea Brent LCOc1, meanwhile, was up 60 cents at $74.04 a barrel.

Brent hit a 3-1/2-year high above $80 a barrel in May but has since fallen on reports that top suppliers Saudi Arabia and Russia will increase production.

"Oil prices have sold off over the past three weeks on concerns over higher OPEC production," said U.S. bank Goldman Sachs on Monday, adding that weaker demand from emerging economies and the escalating trade dispute, as well as rising inventories had further weighed on prices.

The Organization of the Petroleum Exporting Countries, de facto led by Saudi Arabia, and some allies including Russia have been withholding output since the start of 2017.

They will meet in Vienna on June 22 to decide forward production policy, with Russia and Saudi Arabia pushing for higher output.

All oil market eyes are now focused on OPEC, Commerzbank commodities analyst Carsten Fritsch said:

"That production will be increased in the second half of the year is considered certain – the only question is by how much."

Despite this, Goldman Sachs said "the oil market remains in deficit ... requiring higher core OPEC and Russia production to avoid a stock-out by year-end".

The bank said it expected OPEC and Russian output to rise by 1 million barrels per day (bpd) by year-end and by another 0.5 million bpd in the first half of 2019.

Adding extra pressure is a trade dispute between the United States and other major powers.

U.S. President Donald Trump last week pushed ahead with tariffs on $50 billion of Chinese imports, starting on July 6.

China retaliated by imposing import duties on U.S. products, including crude oil.

Benjamin Lu of brokerage Phillip Futures said Beijing's retaliation had spooked oil investors: "These punitive measures on bilateral trade have unnerved investors as it hurts global economic growth."

U.S. bank Morgan Stanley said in a note to clients that the trade spat meant that economic "downside risks have risen".

U.S. oil exports have boomed in the last two years as shale oil production has surged, with China becoming one of the biggest buyers.

-----

Earlier: 

Prices
2018, June, 15, 11:35:00

OIL PRICE: NEAR $76

REUTERS - Brent crude LCOc1 had edged up 3 cents to $75.97 a barrel by 0658 GMT, after settling down 80 cents the session before. U.S. West Texas Intermediate crude CLc1 was up 5 cents at $66.94 a barrel, having settled the last session up 25 cents. It touched a two-week high of $67.16 on Thursday.

Prices
2018, June, 15, 11:30:00

ОТНОШЕНИЯ РОССИИ И САУДОВСКОЙ АРАВИИ

МИНЭНЕРГО РОССИИ - В ходе встречи было отмечено, что за последние годы страны прошли большой путь в развитии двусторонних отношений в ряде областей - политической, экономической, промышленной и нефтяной.

Prices
2018, June, 13, 13:40:00

OIL PRICE: ABOVE $75 ANEW

REUTERS - Brent crude LCOc1 was down 30 cents at $75.58 a barrel by 1000 GMT. U.S. light crude CLc1 was 15 cents lower at $66.21.

Prices
2018, June, 13, 13:20:00

RUSSIA'S OIL PRODUCTION: 11 MBD

BLOOMBERG - The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the Kremlin and oil bosses remain publicly committed to the accord, production of 11.09 million barrels a day exceeds the 10.95 million limit agreed with OPEC, the official said.

Prices
2018, June, 13, 13:15:00

SAUDIS OIL PRODUCTION: 10 MBD

BLOOMBERG - Saudi Arabia, which along with Russia is trying to garner support for lifting output limits, told the Organization of Petroleum Exporting Countries that its daily production rose 162,000 barrels a day to 10.030 million in May compared with the previous month, a person with knowledge of the data said, asking not to be identified because the information isn’t public.

Prices
2018, June, 13, 13:10:00

OIL PRICES: 2018 - $71, 2019 - $68

EIA - Brent crude oil spot prices averaged $77 per barrel (b) in May, an increase of $5/b from the April level and the highest monthly average price since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $68/b in 2019. The 2019 forecast price is $2/b higher than in the May STEO. EIA expects West Texas Intermediate (WTI) crude oil prices will average almost $7/b lower than Brent prices in 2018 and $6/b lower than Brent prices in 2019

Prices
2018, June, 8, 13:35:00

OIL PRICE: NEARLY $77

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $76.79 per barrel at 0654 GMT, down 53 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 38 cents, or 0.6 percent, at $65.57 a barrel.

Tags: OIL, PRICE, BRENT, WTI, URALS, OPEC, НЕФТЬ, ЦЕНА

Chronicle:

OIL PRICE: NEAR $74
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.

OIL PRICE: NEAR $74
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.

OIL PRICE: NEAR $74
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.

OIL PRICE: NEAR $74
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 »