All publications by tag «OIL»
2016, September, 7, 18:35:00
BALANCE IS UNSTABLE
"Supply and demand are near balance, but the balance is precarious," Andy Milnes, CEO, Integrated Supply & Trading (Eastern Hemisphere), BP, told delegates.
2016, September, 6, 18:45:00
SAUDI & RUSSIA COOPERATION
Saudi Arabia hopes to work with Russia for stability in oil markets, Prince Mohammed bin Salman said Sunday in a meeting with the Russian president in Hangzhou, China. World leaders are gathering in China this week for a summit of Group of 20 nations. Russia and Saudi Arabia will meet with other producers in Algeria this month to discuss oil markets.
2016, September, 6, 18:40:00
OIL PRICES: ABOUT $48
Light, sweet crude for October delivery rose 84 cents, or 1.9%, to $45.28 a barrel in the Globex electronic session. November Brent crude added six cents, or 0.1%, to $47.69 a barrel.
2016, September, 6, 18:35:00
URALS: $39,36
Средняя цена нефти марки Urals по итогам января-августа 2016 года составила $39,36 за баррель.
2016, September, 5, 18:55:00
OPEC PRODUCTION UP TO 33.7 MBD
Supplies from the Organization of Petroleum Exporting Countries rose by 120,000 barrels a day to average 33.69 million a day in August amid increases by Iran, Iraq and Kuwait, the survey of analysts, oil companies and ship-tracking data showed. The group is due to hold informal talks in three weeks in Algiers, where Russian President Vladimir Putin says an agreement can be reached to limit output.
2016, September, 5, 18:50:00
ASIA'S OIL PRODUCTION DOWN
Asia's net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.
2016, September, 5, 18:45:00
SAUDI RAISED PRICES
State-owned Saudi Arabian Oil Co., known as Aramco, increased its official selling price for Arab Light crude to Asia by 90 cents a barrel, to 20 cents below the regional benchmark, it said Sunday in an e-mailed statement. The company had been expected to raise Arab Light prices by 50 cents a barrel, to 60 cents less than the benchmark for Asian buyers, according to the median estimate in a Bloomberg survey of seven refiners and traders in the region.
2016, September, 5, 18:40:00
QATAR'S RATINGS "AA"
Fitch Ratings has announced it affirmed Qatar's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'AA'.
The issue ratings on Qatar's senior unsecured foreign-currency bonds are also affirmed at 'AA'; the Country Ceiling at 'AA+', and the Short-Term Foreign- and Local-Currency IDRs at 'F1+'.
2016, September, 5, 18:35:00
PETROBRAS CUTS 11,704 JOBS
In April, the company said it expected up to 12,000 employees to leave as part of the layoff program.
2016, September, 5, 18:30:00
U.S. RIGS UP 8
U.S. Rig Count is down 367 rigs from last year's count of 864, with oil rigs down 255, gas rigs down 114, and miscellaneous rigs up 2.
Canadian Rig Count is down 50 rigs from last year's count of 187, with oil rigs down 1, and gas rigs down 49.