All publications by tag «MARKETS»
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2016, April, 12, 20:30:00
CHEVRON: MARKETS ARE BETTER
"Now we're seeing reductions in spending on shorter cycle projects, in other words immediate drilling activity," Watson said. "Rig rates in the US are down almost 80%, we're seeing decline in rig rates around the world and we're starting to see the supply response that everyone has expected. So we're seeing the markets come back into better balance [but] it may take more time."
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2016, March, 25, 20:00:00
OIL & GAS OPPORTUNITIES
It is a challenging business environment but it's a sign of strong resilience that businesses can look ahead and still see opportunities that exist around the globe.
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2016, March, 8, 13:40:00
OIL MARKETS CORRECTION
Global crude markets will see a correction before the end of this year as current prices are forcing all producers to freeze their production, the United Arab Emirates’ energy minister Suhail bin Mohammed al-Mazrouei said Monday.
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2016, January, 19, 20:20:00
OIL MARKET COULD DROWN
In a stark assessment of the oil market, the International Energy Agency warned of an oil overhang of at least 1m barrels a day for a third consecutive year in 2016.
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2016, January, 5, 17:05:00
2016: THE NEXT GLOBAL RECESSION
West Texas Intermediate crude for February delivery declined to $36.58 a barrel on the New York Mercantile Exchange, after falling 0.8 percent Monday. U.S. crude inventories are forecast to keep supplies more than 130 million barrels above the five-year seasonal average, according to a Bloomberg survey before government data Wednesday.
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2016, January, 5, 16:55:00
2016: OIL RISKS & SPENDING
Moody’s last month also projected average prices of West Texas Intermediate crude at $40/bbl in 2016, $45/bbl in 2017, and $50/bbl in 2018. The 2016 price is down $8/bbl from the firm’s earlier forecast.
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2015, December, 29, 20:00:00
2016: OIL MARKETS BALANCE
“We see the market balancing some time in 2016. We see demand ultimately exceeding supply...Prices in due course will respond,” he said.