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2017, November, 15, 15:05:00
UAE CUTS OUTPUT
OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.
2017, November, 15, 15:00:00
ROSNEFT NET INCOME DOWN 3.9%
Financial results for 3Q 2017 and 9М 2017:
- 9M 2017 revenue growth by 22.9% in RUB terms and by 43.7% in USD terms YoY
- 9M 2017 EBITDA exceeded RUB 1 trln, growth by 10.6% YoY
- 3Q 2017 EBITDA margin improvement
- Successful timely close of strategic deals with potential breakthrough growth in shareholder value
- Approval of the first interim dividend with 50% payout ratio of net income under IFRS
2017, November, 15, 12:32:00
PETROBRAS NET INCOME R$ 5,031 MLN
PETROBRAS - Net Income of R$ 5,031 million in 9M-2017, compared to a loss of R$ 17,334 million in 9M-2016.
2017, November, 14, 18:10:00
OIL PRICE: ABOVE $62
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.
2017, November, 14, 18:05:00
NIGERIA'S OIL PRICE UP
PLATTS - Nigeria's Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market following several months of disruption due to loading delays and forces majeures.
2017, November, 14, 18:00:00
NIGERIA NEED INVESTMENT $5.5 BLN
REUTERS - Nigeria will move ahead with plans to borrow $5.5 billion from foreign investors after the Senate on Tuesday approved President Muhammadu Buhari request for the move.
2017, November, 14, 17:55:00
VENEZUELA'S SELECTIVE DEFAULT
REUTERS - Further complicating the situation, S&P Global Ratings declared Venezuela in selective default after it failed to make coupon payments on bonds due in 2019 and 2024 within a 30-day grace period. The agency warned there was a strong chance it would miss further payments within three months.
2017, November, 14, 17:50:00
CRITICALLY IMPORTANT ALASKA
API welcomed legislation that would allow for safe and responsible natural gas and oil development in a small non-wilderness portion of Alaska’s Arctic National Wildlife Refuge (ANWR). The legislation was released by the Senate Energy and Natural Resources Committee to be included as part of the budget reconciliation bill.
2017, November, 14, 17:45:00
EBRD RENEWABLE INVESTMENT $1.4 BLN
EBRD - The GCF is contributing USD 378 million to this USD 1.4 billion programme to support thousands of individual investments in technologies that reduce emissions and enhance resilience to climate change.
2017, November, 14, 17:40:00
RUSSIA'S GDP UP 1.8%
The Russian economy is recovering from a full-blown crisis caused by a massive drop in prices for oil, its key export, and by economic sanctions imposed by the West over Moscow’s role in the Ukraine crisis.