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2015, June, 3, 18:40:00
FAIR PRICE: $75 - 80
The top oil officials of Iraq and Venezuela said on Wednesday that $75 to $80 a barrel was now a "fair" price for oil, reflecting an emerging consensus on a possible equilibrium for volatile markets
2015, June, 1, 19:05:00
RUSSIAN PRICES FOR EUROPE
OAO Gazprom, the biggest natural gas producer, will probably see lower gains in Europe for at least four years as weaker oil prices and rising competition threaten to further cut its profits, a government forecast showed.
2015, June, 1, 19:00:00
GREECE & RUSSIA PIPELINE
Greece's energy minister has discussed in Moscow the construction of a pipeline that will transport Russian gas to Europe through its territory, the Greek energy ministry said on Saturday.
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.
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.
2015, May, 30, 21:30:00
U.S. GDP DOWN
Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- decreased at an annual rate of 0.7 percent in the first quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
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.
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.
2015, May, 29, 18:20:00
RUSSIA STRENGTHENS POSITION
The US and EU sanctions are primarily targeted at the country's oil industry, for very obvious reasons. Russia provides about 30% of Europe's gas, so it's simply not in the EU's interests to compromise Gazprom's ability to produce and export gas.
2015, May, 29, 18:15:00
UKRAINE GAS DEBT: $29.5 BLN
Russian natural gas producer Gazprom put Ukraine's total gas debt at almost $29.5 billion on Thursday, ratcheting up pressure in a gas pricing dispute with the country, which is fighting a pro-Moscow rebellion on its eastern outskirts.