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2015, February, 14, 14:40:00
OIL PRICES: FUNDAMENTAL UNBALANCE
“So, fundamentally, the crisis in oil prices in 2014 – is just a ripple on the water compared to the oversupply tsunami of 1985. The amount of excess capacity is five times less. Operating costs are 2-3 times higher. Instead of a deep drop in demand – a growth is recorded. The rate of decline in marginal production – is ten times higher. There is a clear unbalance between fundamental drivers and the observed price dynamics” - highlighted Rosneft Head.
2015, February, 14, 14:35:00
NOV: 2015 WILL BE SEVERE
Looking into 2015 we face a very challenging market.
2015, February, 14, 14:30:00
US LOSES OIL RIGS
BHI: US rig count continues 11-week dive, loses 98 more units
2015, February, 14, 14:25:00
OIL TOP LOSER
The United States will remain the world’s top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.
2015, February, 14, 14:20:00
HALLIBURTON WILL ELIMINATE 5,000 JOBS
Halliburton says it will eliminate at least 5,000 jobs
2015, February, 14, 14:10:00
GASOLINE DEMAND WILL INCREASE
EIA expects gasoline demand to increase by nearly 1% in 2015
2015, February, 14, 14:05:00
SAUDI BUDGET INSULATED
Saudi Arabia budget insulated from effects of lower oil prices
2015, February, 14, 14:00:00
GAZPROM WOULD BE A STRONG
Gazprom would be in a strong position to secure an outcome