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2015, November, 11, 20:00:00
OIL PRICES 2020: $80
The process of adjustment in the oil market is rarely a smooth one, but, in central
scenario, the market rebalances at $80/bbl in 2020, with further increases in price
thereafter.
2015, November, 11, 19:55:00
OIL PRICES 2016: $56
EIA forecasts that Brent crude oil prices will average $54/b in 2015 and $56/b in 2016. The 2015 forecast price is unchanged from last month's STEO, and the 2016 forecast price is $2/b lower. Forecast West Texas Intermediate (WTI) crude oil prices average $4/b lower than the Brent price in 2015 and $5/b lower in 2016. The current values of futures and options contracts for February 2016 delivery (Market Prices and Uncertainty Report) suggest the market expects WTI prices to range from $35/b to $66/b (at the 95% confidence interval) in February 2016.
2015, November, 11, 19:50:00
U.S. OIL DOWN 118,000 BPD
Crude oil production in December from seven major US shale plays is expected to drop 118,000 b/d to 4.95 million b/d.
2015, November, 11, 19:45:00
RELIABLE PARTNERS FOR EUROPE
“Russia plays a central role in the question of how we Europeans can secure our energy supply,” Schroeder, whose friendship with Russian President Vladimir Putin has been controversial in Germany, said at the Nov. 9 event. “Norway and Russia are the most secure and reliable energy partners for Europe.”
2015, November, 11, 19:40:00
OPEC WILL RISE
OPEC’s share of the global oil market will expand from 2020 as prices recover to $80 and supply outside the group stagnates due to spending cuts, according to the International Energy Agency.
2015, November, 11, 19:35:00
REALISTIC NORD STREAM
“Russia plays a central role in the question of how we Europeans can secure our energy supply. Norway and Russia are the most secure and reliable energy partners for Europe”, said the former German Chancellor.
2015, November, 9, 20:00:00
ROBUST MARKET FUNDAMENTALS
Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for a price spike, Saudi Arabia's vice oil minister said
2015, November, 9, 19:55:00
OIL CUTS $200 BLN
The oil and gas industry has cut $200 billion from investments this year as low prices discourage new projects, leading to cuts in crude supplies equal to half the daily output of Saudi Arabia, according to the kingdom’s Prince Abdul Aziz bin Salman.
2015, November, 9, 19:50:00
DECISION AGAINST U.S.
This decision will cost thousands of jobs and is an assault to American workers. It’s politics at its worst.
2015, November, 9, 19:45:00
CHESAPEAKE NET LOSS $12.5 BLN
- Production averaged approximately 667,000 boe per day, an increase of 3% year over year, adjusted for asset sales
- Adjusted net loss of $0.05 per fully diluted share and adjusted ebitda of $560 million
- 2015 total production guidance increased to 670 – 680 mboe per day
- 2015 production expense and general and administrative expense guidance lowered significantly
- 2015 capital guidance reduced to $3.4 – $3.9 billion