All publications by tag «oil»
![All publications by tag](/cache/2015/05/USA-9.2ae50435.jpg)
2015, June, 1, 18:55:00
U.S. OIL PRICES
U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices.
![All publications by tag](/cache/2015/05/INDIA-1.7112422f.jpg)
2015, June, 1, 18:50:00
INDIA BUY US LNG
State-owned Indian Oil Corp (IOC) on Friday said it has signed an interim agreement to buy 0.7 million tonnes (MT) per year of LNG from US on a long-term contract beginning 2018.
![All publications by tag](/cache/2015/05/south_china_sea_2.fa5c33d3.jpg)
2015, May, 30, 21:25:00
THE NEXT OIL WAR
An increasingly assertive China has warned that World War 3 is "inevitable" unless the United States stops meddling in the South China Sea affairs. Earlier this week, the People's Liberation Army (PLA) said in a new white paper that it is going to up the ante in the South China Sea. In a sign of its growing self-confidence, Beijing said that it would now focus less on defensive capabilities, and step up efforts to build offensive capabilities.
![All publications by tag](/cache/2015/05/USA-188.f2baad4f.jpg)
2015, May, 29, 21:00:00
U.S. RIGS DOWN 10
U.S. Rig Count is down 10 rigs from last week to 875, with oil rigs down 13 to 646, gas rigs up 3 to 225, and miscellaneous rigs unchanged at 4.
![All publications by tag](/cache/2015/05/LNG-12.68c95070.jpg)
2015, May, 29, 18:10:00
LNG WILL GROW
LNG is expected to surpass iron ore as the second most valuable physical commodity after oil this year, according to analysts at Goldman Sachs, who predict it will top $120bn.
![All publications by tag](/cache/2015/05/OPEC-2.a602a75b.jpg)
2015, May, 28, 19:00:00
RUSSIA & OPEC STRATEGY
OPEC, which controls a third of the global oil market, and Russia, which produces another 12 percent, are unlikely to reverse their output strategy.
![All publications by tag](/cache/2015/05/NORWAY-2.d90893ee.jpg)
2015, May, 28, 18:55:00
NORWAY & RUSSIA ARCTIC
Norway's previously long-standing cordial relations with Russia have deteriorated to the point that there is a real chance that simmering feelings could escalate, leading to a breakdown of cooperation in the oil and gas sector, writes Platts.
![All publications by tag](/cache/2015/05/NORWAY-3.7986fd2f.jpg)
2015, May, 28, 18:50:00
NORWAY: MORE OIL
The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered.
This is the result of the Norwegian Petroleum Directorate’s (NPD’s) review of the resource basis in a select number of fields and discoveries on the Norwegian shelf between 2005 and 2014.
![All publications by tag](/cache/2015/05/ROSNEFT-2.e76deb92.jpg)
2015, May, 28, 18:35:00
SWISS & RUSSIAN OIL
Through a series of deals with Rosneft, the Russian state-controlled oil company, Trafigura exported almost 9m barrels of crude in April, worth more than $500m, according to port data compiled by Nefte Compass, an industry publication.
![All publications by tag](/cache/2015/05/VENEZUELA-2.566bf757.jpg)
2015, May, 28, 18:30:00
VENEZUELA & RUSSIA INVESTMENT: $14 BLN
Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro said on Wednesday evening.