All publications by tag «PRICE»
2016, May, 27, 20:25:00
U.S. WANT YOUR MONEY AGAIN
Thanks to industry innovation and technological advancements, we’ve transitioned from an era of energy scarcity to an era of energy abundance. The new challenge is to keep moving forward, not backward. We must continue to think long term - continue to ensure access to new areas for safe and responsible energy development, and invest in reliable energy infrastructure - to protect U.S. consumers, businesses and national security for generations to come.
2016, May, 27, 20:10:00
OPEC'S STRATEGY: $70 - $80
Khelil expects prices to increase to $70 to $80 a barrel or more after oil majors abandoned or shelved projects. Still, that rebound risks reviving U.S. shale drillers, said the two-time president of OPEC.
2016, May, 27, 20:00:00
OIL PRICES DOWN $49
Brent LCOc1 fell 1.3 percent, or 64 cents, to $48.95 a barrel by 1031 GMT, retreating from the previous session's $50.51 peak, its highest since early November.
U.S. crude CLc1 dropped 45 cents to $49.03 a barrel after touching $50.21 on Thursday, its highest since early October.
2016, May, 26, 21:05:00
OIL PRICES UP TO $50
Futures rose as much as 1.4 percent in New York after climbing 1.1 percent Tuesday. Inventories dropped by 5.14 million barrels last week, the American Petroleum Institute was said to report. Data from the Energy Information Administration Wednesday is forecast to show supplies fell. Canadian oil-sands producers that cut more than 1 million barrels a day from the market because of the threat of wildfires are starting the process of resuming operations.
2016, May, 26, 21:00:00
OIL RESERVES LESS
With most companies indicating continued reductions in E&D budgets absent a meaningful increase in crude oil prices, proved reserves additions will likely continue to decline.
2016, May, 25, 20:50:00
OIL PRICES UP TO $49.11
Brent futures rose 50 cents to $49.11 a barrel, having closed 26 cents up previously to snap a four-day slide.
2016, May, 25, 20:40:00
SAUDI BURYING OPEC
Now, under the economic plan known as Vision 2030 promoted by the king’s powerful son, Deputy Crown Prince Mohammed bin Salman, the government is signaling it wants to wean the kingdom’s economy off oil revenue, lessening the need to manage prices.
2016, May, 25, 20:30:00
IMPERATIVE PRICE: $65
Speaking from his high-rise office in the capital, Doha, Mohammed bin Saleh al-Sada said a minimum price of $65 a barrel is "badly needed at the moment." He cautioned that the security of future supplies is as risk because of the price slump that has squeezed oil producers since 2014.
2016, May, 23, 21:00:00
OIL PRICES DOWN TO $48
Brent futures LCOc1 were down 18 cents at $48.54 a barrel as of 0421 GMT, after ending the previous session 9 cents down.
U.S. crude futures CLc1 fell 26 cents to $48.15 a barrel, having settled down 41 cents in the previous session.
2016, May, 23, 20:45:00
JAPAN'S INVESTMENT DOWN BY 40%
International Energy Agency (IEA) Executive Director Fatih Birol said last month that global upstream investment fell by 24 percent in 2015 and is set to fall by 18 percent in 2016.