All publications by tag «PRICE»
2016, May, 10, 18:30:00
OIL PRICES: $45.32
The June crude oil contract on the New York Mercantile Exchange climbed 34¢ to settle at $44.66/bbl, and the July contract gained 41¢ to $45.32/bbl.
The NYMEX natural gas contract for June gained 2.5¢ to $2.10/MMbtu. The Henry Hub price was $1.84/MMbtu, down 20¢.
2016, May, 10, 18:25:00
SAUDI WANT MORE
Saudi Arabia, the world’s biggest oil exporter, plans “significant growth” in output in 2016 and further international expansion, the head of the country’s state-run producer said, even as global oversupply contributed to a drop in crude prices from a year ago.
2016, May, 10, 18:20:00
OIL PRICES: UNDER $46
Light, sweet crude prices for June delivery varied widely on the New York market during Apr. 29 trading, closing at $45.92/bbl after swinging from a daily high of $46.78 and a low of $45.24.
2016, May, 9, 19:20:00
THE NEXT ENERGY WAR
If this price drop does happen, then Norway will be caught in the crossfire, as its production is more expensive than Gazprom's. Further, Gazprom has already developed the giant Bovanenkovo field in the Yamal Peninsula, where output has been curtailed as export markets and Gazprom's own domestic demand have have not required the additional gas. This means it is in a position to bring more cheap gas to market at little additional cost beyond transport. For Norway, however, adding more production capacity entails more capital expenditure.
2016, May, 9, 19:15:00
SAUDI PRICES UP
Saudi Arabia, the world’s largest crude exporter, has raised June oil prices to Asia by the most in 14 months, in a hopeful sign that demand from the region is on the up.
2016, May, 5, 19:14:00
OIL PRICES: $45 - $50
“We still believe sustained front-month WTI at $45 to $50 will be self limiting, as U.S. shale-producer spending and drilling would stabilize and perhaps recover.”
2016, May, 5, 19:10:00
U.S. BANKRUPTCY UP
The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum MPOY.PK and Ultra Petroleum UPL.NL.
2016, May, 5, 19:00:00
CHINA & U.S. REBALANCING
China’s falling oil output and sliding U.S. production may help rebalance a market struggling to recover from the worst price crash in a generation
2016, May, 5, 18:45:00
GAZPROM COSTS UPDOWN
Gazprom reported the average production cost of natural gas in 2015 at ₽1643 per 1000 cubic meters (mcm) or $27.09/mcm or $0.84/MMBtu.
The corresponding numbers for 2014 are ₽1470/mcm, $38.73/mcm and $1.21/MMBtu. The cost in US dollars is affected by the devaluation of Russian ruble. The average US dollar rate in 2015 was ₽60.66 compared with ₽37.97 in 2014.
2016, May, 5, 18:15:00
WEATHERFORD NET LOSS $498 MLN
Revenue for the first quarter of 2016 was $1.59 billion compared with $2.01 billion in the fourth quarter of 2015 and $2.79 billion in the first quarter of 2015. First quarter revenues declined 21% sequentially and 43% from the prior year. The sequential decline was 22% in North America and 21% for International operations. Product sales declined 30% sequentially, while service and rental revenue decreased by 16%. The product sales decline was as much seasonal as cyclical and most impacted the Eastern Hemisphere.