All publications by tag «PRICE»
2015, September, 14, 18:40:00
IRAN OIL PRICES: $42 - $50
Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017, a government spokesman was quoted as saying on Monday, expecting crude to stay in the current trading range.
2015, September, 14, 18:35:00
BRITAIN'S WORST DOWNTURN
Britain’s oil and gas platform builders are facing their worst downturn in orders for 25 years, threatening thousands of jobs across the UK.
2015, September, 14, 18:30:00
SHELL & BG RISKS
Investors’s fears that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group have been exaggerated, Shell’s chief executive has said.
2015, September, 11, 18:50:00
U.S. CHALLENGING TIMES
With U.S. crude oil prices 47% lower in first-half 2015 compared to first-half 2014, U.S. onshore companies experienced a significant reduction in cash flow from operations. Most companies responded by reducing capital expenditures.
2015, September, 11, 18:45:00
NO CUT OIL
“Russia and OPEC have talked about cooperation in cutting production many times in the past, but the results of that were always dismal and disappointing,” said Nordine Ait-Laoussine, president of Geneva-based consultant Nalcosa and former energy minister of Algeria. “Russia has assumed that when oil prices go down, OPEC countries are in a weaker position and are more likely to be the first to cut its production, and they always did.”
2015, September, 11, 18:40:00
SAUDI NO NEED
Top oil exporter Saudi Arabia sees no need to hold a summit of producing countries' heads of state if such discussions would fail to produce concrete action toward defending oil prices, sources familiar with the matter said on Thursday.
2015, September, 10, 19:00:00
OIL PRICES: $54 IN 2015, $59 IN 2016
Brent crude oil prices will average $54/b in 2015 and $59/b in 2016. Forecast West Texas Intermediate (WTI) crude oil prices in 2015 and 2016 average $5/b lower than the Brent price. The current values of futures and options contracts for December 2015 delivery suggest the market expects WTI prices to range from $32/b to $73/b (at the 95% confidence interval) in December 2015.
2015, September, 10, 18:55:00
RUSSIAN UPGRADE: $50
Russia is overhauling its approach to crafting the budget next year to safeguard reserves, highlighting the challenges it faces in steering the recession-hit economy through a downturn in oil prices.
2015, September, 9, 18:50:00
HIGH RISKY PRICES
Low oil prices risk causing a lack of investment in conventional oil supply in non-OPEC countries, strengthening OPEC market power and creating additional uncertainty, the IEA's director for energy markets and security, Keisuke Sadamori, said Tuesday.