All publications by tag «OIL»
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2017, July, 24, 13:55:00
OIL OUTPUT CONSENSUS
With prices still languishing below the $55-$60/b that some ministers have said they are targeting, some market watchers say OPEC and its non-OPEC partners have no choice but to deepen cuts to make up for output gains from exempt Nigeria and Libya, as well as sliding compliance from other members.
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2017, July, 24, 13:50:00
RUSSIA SANCTIONS AGAIN
"The legislation, if enacted, is a big political win for members of Congress who want to take a strong stance on Russia," Elizabeth Rosenberg, a senior fellow and director of the energy, economics and security program at the Center for a New American Security, said Sunday. "It will rearrange the way the global energy industry does business with Russia and significantly increase the risk around dealings with Russia."
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2017, July, 24, 13:45:00
RUSSIA IS THE TOP
Russia was China's biggest crude oil supplier for a fourth straight month in June, its longest streak ever in the top spot, data from the General Administration of Customs showed on Monday.
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2017, July, 24, 13:30:00
U.S. RIGS DOWN 2 TO 950
U.S. Rig Count is up 488 rigs from last year's count of 462, with oil rigs up 393, gas rigs up 98, and miscellaneous rigs down 3 to 0.
Canadian Rig Count is up 104 rigs from last year's count of 102, with oil rigs up 70, gas rigs up 35, and miscellaneous rigs down 1 to 0.
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2017, July, 21, 09:20:00
OIL PRICE: ABOVE $49 AGAIN
International benchmark Brent crude futures were at $49.28 per barrel 0501 GMT, down 2 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $46.89 per barrel, down 3 cents.
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2017, July, 21, 09:15:00
U.S. OIL PRICE: $45
Fitch Ratings anticipates most investment-grade and 'BB' category U.S. E&P companies will see minimal ratings changes in a steady $45 per barrel environment as the realization of further production efficiency gains and lower costs per barrel of oil equivalent (boe) should contribute to resilient margins and cash flow.
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2017, July, 21, 09:10:00
U.S. OIL PRODUCTION: 9.3 MBD
EIA forecasts that total U.S. crude oil production will average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, crude oil production is expected to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in 1970.
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2017, July, 21, 08:55:00
INDIAN OIL GIANT: $4.6 BLN
The move fulfills a plan, first outlined in February, to create an Indian oil giant through consolidation and mergers, forming a company comparable with international rivals that could weather crude-price volatility.
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2017, July, 19, 15:10:00
OIL PRICES: ABOVE $49 ANEW
Brent crude futures LCOc1, the international benchmark, were up 11 cents at $48.95 per barrel at 0925 GMT.
U.S. West Texas Intermediate crude futures CLc1 were at $46.50 per barrel, up 10 cents.
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2017, July, 19, 15:00:00
U.S. OIL&GAS PRODUCTION WILL UP
Crude oil production from the seven major US onshore regions is projected to rise 113,000 b/d month-over-month in August to 5.585 million b/d.