All publications by tag «OIL»
2018, May, 30, 13:50:00
OPEC: CONFORMITY LEVEL 152%
OPEC - The JMMC reported that participating countries have achieved a conformity level of 152% during the fourth month of the second year of the Declaration of Cooperation. This demonstrates the commitment of participating countries to the restoration of market stability, which is intended to serve the long term interests of producers, consumers and the global economy.
2018, May, 30, 13:45:00
INDIA IGNORES SANCTIONS
BLOOMBERG - India, a long-time buyer of oil from both Iran and Venezuela, only complies with United Nations-mandated sanctions and not those imposed by one country on another, said foreign minister Sushma Swaraj at a press conference in New Delhi on Monday.
2018, May, 30, 13:20:00
LUKOIL'S PROFIT UP 75%
LUKOIL - Profit attributable to PJSC "LUKOIL" shareholders was RUB 109.1 bln, up 75.0% year-on-year. Profit growth was mainly driven by significant negative non-cash foreign exchange effect in the first quarter of 2017. Excluding this factor, profit attributable to PJSC "LUKOIL" shareholders increased by 13.5%.
2018, May, 28, 11:45:00
OIL PRICE: ABOVE $75 AGAIN
REUTERS - Brent crude futures LCOc1 stood at $75.35 a barrel at 0913 GMT, down $1.09 from the previous close and after touching a three-week low of $74.49 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures were at $66.69, down $1.19, after hitting a six-week low of $65.80.
2018, May, 28, 11:30:00
RUSSIA WOULD LIKE TO LIFT
PLATTS - Novak also confirmed that Russia would like to lift production ceilings under the OPEC-led output cut deal in which Russia agreed to gradually cut 300,000 b/d. The deal, in place since January 2017, has 24 OPEC and non-OPEC countries jointly cutting a combined 1.8 million b/d.
2018, May, 28, 11:25:00
OPEC - RUSSIA CONSULTATIONS
PLATTS - "At end of the day as important as Russia and Saudi Arabia are in terms of the largest countries, we have to be sensitive to views of all countries and will be consulting with all of them," Falih told a key energy session at the St Petersburg International Economic Forum.
2018, May, 28, 11:20:00
OIL INVENTORIES DOWN
PLATTS - "With Saudi Arabia stressing the need for more capex to meet future oil demand and replace the natural decline from aging fields, and thus presumably a higher price to incentivize investment, supply cuts, in one form or another, may be extended to 2019," the note said.
2018, May, 28, 11:15:00
CHINA BUYS RECORD
PLATTS - China's state-run oil trader Unipec has purchased around 16 million barrels of US crude oil for loading in June, marking the biggest volume ever to be lifted in a month by the company, informed sources said
2018, May, 28, 11:00:00
U.S. RIGS UP 13 TO 1,059
BAKER HUGHES A GE - U.S. Rig Count is up 13 rigs from last week to 1,059, with oil rigs up 15 to 859, gas rigs down 2 to 198, and miscellaneous rigs unchanged at 2. Canada Rig Count is down 2 rigs from last week to 81, with oil rigs down 3 to 35 and gas rigs up 1 to 46.
2018, May, 25, 10:55:00
OIL PRICE: ABOVE $78
REUTERS - Brent crude futures LCOc1 were at $78.63 per barrel at 0534 GMT, down 16 cents from their last close, and more than 2.2 percent below the $80.50 multi-year high they reached on May 17. Brent broke through $80 for the first time in more than three years earlier in May. U.S. West Texas Intermediate (WTI) crude futures were at $70.60 a barrel, down 11 cents from their last settlement.