All publications by tag «OIL»
2018, December, 14, 08:50:00
EBRD DECARBONISATION STRATEGY
EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.
2018, December, 12, 09:15:00
OIL PRICE: NEAR $61 YET
REUTERS - International Brent crude oil futures LCOc1 were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.22 per barrel, up 57 cents, or 1.1 percent.
2018, December, 12, 09:10:00
RUSSIA WILL CUT 50 TBD
PLATTS - Russia will cut its liquids output by 50,000-60,000 b/d in January under the latest agreement with OPEC, energy minister Alexander Novak said Tuesday.
"The monthly schedule for the output cut has already been [set]... We expect output will be cut by at least 50,000 b/d-60,000 b/d in January," he said, as reported by Prime news agency.
2018, December, 12, 09:00:00
OIL PRICE 2019: $61
U.S. EIA - EIA expects Brent spot prices will average $61 in 2019 and that West Texas Intermediate (WTI) crude oil prices will average about $7/b lower than Brent prices next year. NYMEX WTI futures and options contract values for March 2019 delivery that traded during the five-day period ending December 6, 2018, suggest a range of $36/b to $77/b encompasses the market expectation for March WTI prices at the 95% confidence level.
2018, December, 12, 08:40:00
VENEZUELA - RUSSIA OIL: $17 BLN
PLATTS - Russia will invest $5 billion to raise Venezuela's oil production by 1 million b/d under a new economic agreement, Venezuelan President Nicolas Maduro said Thursday.
2018, December, 10, 09:00:00
OIL PRICE: NEAR $62 ANEW
PLATTS - At 11:00 am Singapore time (0300 GMT), ICE February Brent crude futures were up 43 cents/b (0.7%) from Friday's settle at $62.10/b, while the NYMEX January light sweet crude contract inched 2 cents/b (0.04%) lower to $52.59/b.
2018, December, 10, 08:05:00
U.S. RIGS DOWN 1 TO 1,075
BHGE - U.S. Rig Count is down 1 rig from last week to 1,075, with oil rigs down 10 to 877 and gas rigs up 9 to 198. Canada Rig Count is down 13 rigs from last week to 186, with oil rigs down 17 to 102 and gas rigs up 4 to 84.
2018, December, 7, 08:35:00
OIL PRICE: NEAR $60 YET
REUTERS - International Brent crude oil futures LCOc1 fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down 25 cents, or 0.5 percent.
2018, December, 7, 08:30:00
RUSSIA - SAUDIS PACT
WSJ - Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week.
2018, December, 7, 08:20:00
IRANIAN OIL PRICE: $60 - $70
SHANA - Asked about potential OPEC production cuts, Mr. Zangeneh said, “Different figures are proposed and we must wait and see what decision OPEC members will make.” He also said that $60 to $70 dollars per barrel would be reasonable for crude oil.