All publications by tag «OIL»
2016, February, 11, 18:40:00
U.S. STOCKS DOWN
The Dow Jones industrial average was down 82 points, or 0.5 percent, to 15,944 as of 12:18 p.m. Eastern Time. The Standard & Poor’s 500 slipped eight points, or 0.5 percent, to 1,844. The Nasdaq composite fell 17 points, or 0.4 percent, to 4,266. Stocks posted steep slides Monday and Friday.
2016, February, 9, 18:55:00
U.S. DEFICIT UP TO $43.4 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that the goods and services deficit was $43.4 billion in December, up
$1.1 billion from $42.2 billion in November, revised. December exports were $181.5 billion,
$0.5 billion less than November exports. December imports were $224.9 billion, up $0.6 billion
from November.
2016, February, 9, 18:50:00
RADICALS DESTROY U.S.
It appears the administration’s last year is dedicated to furthering an extremist agenda at the very real expense of the middle class and low-income families, through tax hikes on energy and a barrage of unnecessary and duplicative regulations that are catering to the well-funded, radical whims of ‘leave it in the ground’ activists.
2016, February, 9, 18:45:00
U.S. OIL DOWN 92,000
Crude oil production in March from seven major US shale plays is expected to fall 92,000 b/d to 4.92 million b/d.
2016, February, 9, 18:40:00
OIL MARKET BALANCE
Based on those trends, and even with the prospective increase in Iranian production, the oil market is likely to move closer into balance by the latter part of this year. That will still leave a significant inventory overhang that will take some time to work off. But it seems likely that the market will show at least some signs of turning by the end of this year.
2016, February, 9, 18:35:00
OIL: BE BIGGER
Supply may exceed consumption by an average of 1.75 million barrels a day in the period, compared with an estimate of 1.5 million last month, and the excess could swell if OPEC adds more output, the IEA said. Iran raised production in January following the removal of international sanctions, Iraqi volumes reached a record and Saudi Arabia also ramped up output. The agency trimmed estimates for global oil demand.
2016, February, 9, 18:25:00
JAPAN - IRAN INVESTMENT
Possible Japanese investment in Iran could include petroleum, natural gas resource developments, refinery upgrades, petrochemical plants and distribution systems, according to industry sources.
2016, February, 7, 17:20:00
OBAMA WANT MONEY
President Obama’s proposal to add a new $10 per barrel tax on crude oil would harm consumers.
2016, February, 7, 17:15:00
OIL PRICES UP $2
Crude oil prices soared by more than $2/bbl on both the New York and London markets Feb. 3, which analysts attributed to a sliding dollar. The oil price rally came despite a bigger-than-expected gain in US crude oil supplies.
2016, February, 7, 17:10:00
SUNCOR NET LOSS $2 BLN
Net loss of $2.007 billion ($1.38 per common share), due to non-cash asset writedowns, which were a result of the depressed commodity cycle, and a foreign exchange loss on U.S. dollar denominated debt.