All publications by tag «OPEC»
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2016, December, 29, 18:55:00
OIL PRICES: ABOVE $56 ANEW
U.S. light crude was down 20 cents at $53.86 by 0930 GMT (4:30 a.m. ET), while North Sea Brent crude was up 5 cents at $56.27 a barrel.
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2016, December, 29, 18:45:00
OIL PRICES 2017: $58
The analysts predicting that Brent will average $58 a barrel next year expect $53 in the first quarter and $56 in the second. West Texas Intermediate will be about $1.40 cheaper than Brent in 2017, the estimates show. WTI settled at $53.90 in New York on Tuesday.
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2016, December, 28, 18:50:00
OIL PRICES: ABOVE $56 AGAIN
International Brent LCOc1 crude futures were trading down 7 cents, or 0.12 percent, at $56.02 a barrel at 0722 GMT (2.22 a.m. ET) after closing the previous session up 93 cents.
U.S. benchmark West Texas Intermediate (WTI) crude oil prices CLc1 were down 8 cents at $53.82 per barrel after settling up 88 cents at $53.90 a barrel in the previous session.
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2016, December, 28, 18:35:00
OPEC: IMPORTANT DECISION
The most important challenge facing Iran and all the Iranian technical and professional elite is high recovery of coefficient, he said, adding that raising the recovery coefficient by one percent will result in 700 billion barrels or let's say seven billion barrels; seven billion barrels with an oil sold for 50 dollars per barrel means 350 billion dollars more wealth for the country.
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2016, December, 28, 18:30:00
VENEZUELA WILL CUT 95 TBD
Venezuela said on Tuesday it will cut 95,000 barrels-per-day of oil production in the New Year in fulfilment of a producers' deal to reduce global output and strengthen prices.
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2016, December, 27, 18:40:00
OIL PRICES: STILL ABOVE $55
London Brent crude for February delivery LCOc1 was down 1 cents at $55.15 a barrel by 0335 GMT (10.35 p.m. ET) after settling up 11 cents on Friday. Oil markets were closed on Monday after Christmas at the weekend.
NYMEX crude for February delivery CLc1 was up 10 cents at $53.12 a barrel, after closing at a 17-month high on Friday.
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2016, December, 20, 18:50:00
OIL PRICES: ABOVE $55
Benchmark Brent crude oil futures LCOc1 were trading up 56 cents, or 1 percent, at $55.48 a barrel at 1329 GMT.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 29 cents at $52.41 a barrel, not far off a one-week high of $52.52.
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2016, December, 16, 18:50:00
OIL PRICES: ABOUT $54
Brent crude futures were trading at $54.02 per barrel at 0808 GMT, flat from its last settlement.
U.S. West Texas Intermediate (WTI) crude was down 2 cents at $50.88 per barrel.
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2016, December, 16, 18:40:00
OPEC CUTS OIL
Japanese refiners have received notices of crude supply cuts from "some producers" for January loading, following OPEC's November 30 decision to cut production.
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2016, December, 15, 19:00:00
IRAQ'S OIL WILL UP
Iraq plans to increase crude-oil exports in January, government records show, immediately raising questions about its commitment to slashing production in line with OPEC’s landmark production agreement last month.