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2014, December, 14, 15:40:00
OIL PRICE 2015: $68/BBL
North Sea Brent crude oil spot prices fell by more than 15% in November, declining from $85/barrel (bbl) on November 3 to $72/bbl on November 28. Monthly average Brent crude oil prices have declined 29% from their 2014 high of $112/bbl in June to an average of $79/bbl in November, the lowest monthly average since September 2010. The November price decline reflects continued growth in U.S. tight oil production along with weakening outlooks for the global economy and oil demand growth. The Organization of the Petroleum Exporting Countries' (OPEC) decision in late November to maintain its current crude oil production target, despite lower oil prices, put additional downward pressure on price expectations.
2014, December, 14, 15:35:00
U.S. OIL - 2015: UP & DOWN
'Contraction unavoidable’ as oil prices fall
2014, December, 14, 15:30:00
U.S. OIL - 2015: GROWTH
EIA expects U.S. crude oil production to average 9.3 million barrels per day (bbl/d) in 2015, up 0.7 million bbl/d from 2014
2014, December, 14, 15:25:00
ROSNEFT & ESSAR AGREE
Rosneft and Essar Agreed on Key Terms of Oil and Oil Products Supplies to Essar Refineries
2014, December, 14, 15:20:00
OIL PRICES DOWN
Crude oil prices extended their slump on the New York market with a Dec. 11 settlement of less than $60/bbl for January, and prices continued downward in early Dec. 12 trading after the International Energy Agency cut its global oil demand growth forecast for 2015.
2014, December, 14, 15:15:00
GAZPROM & SERBIA STRATEGIC PARTNERSHIP
Rosneft and Essar Agreed on Key Terms of Oil and Oil Products Supplies to Essar Refineries
2014, December, 14, 15:10:00
OPEC: OIL PRICES $40/BBL
U.A.E. Says OPEC Won’t Change Output Even If Price Drops to $40
2014, December, 14, 15:05:00
OIL PRICES: $60/BBL
World Oil Demand Outlook Cut Again; Sub-$60 Price Seen Holding
2014, December, 14, 15:00:00
OIL PRICES - 2015
4% Global Economic Growth Predicted to Boost Oil Price in 2015
2014, December, 14, 14:55:00
RUSSIA & EU CONFRONTATION
The last 48 hours witnessed a frenzy of diplomatic activities by Balkan and Southeastern countries with both Russia and Europe, underlining the importance of this area for the ongoing if relatively silent confrontation between Moscow and Brussels/Berlin.