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2016, March, 10, 18:50:00
AUSTRALIA HAS COLLAPSED
Petroleum exploration activity in Australia has collapsed in the wake of the plunge in global oil prices over the last 18 months, a period in which the country's crude production has fallen to its lowest level in 45 years, according to a report released Wednesday at an industry conference in Sydney.
2016, March, 10, 18:45:00
E.ON LOSES €7 BLN
European utility company E.ON made a net loss of €7bn during 2015, it announced March 9, with underlying net income of €1.6bn. This was similar to 2014 but it also took an €8.8bn impairment charge mainly related to its struggling generation assets.
2016, March, 10, 18:40:00
OIL PRICES: OWER $40
Brent crude futures LCOc1 were at $40.88 per barrel at 0339 GMT, down 19 cents from their last close.
2016, March, 8, 13:45:00
OIL PRICES ABOVE $40
Oil prices fell on Tuesday on weak Chinese trading data, but Brent remained over $40 a barrel after jumping to 2016 highs the previous day when producers announced talks to support the market and investors opened new bullish bets.
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.
2016, March, 8, 13:35:00
CHINA'S OIL IMPORTS UP
China's crude oil imports in February rose 20.2 percent on a daily basis compared to same month last year, reaching a new record, official customs data showed on Tuesday.
2016, March, 8, 13:30:00
INDIAN OIL DEMAND UP 300,000
Indian oil demand, meanwhile, grew by 300,000 b/d last year after rising by 100,000-150,000 b/d/year in the previous decade.
2016, March, 8, 13:25:00
U.S. OIL DOWN 106,000
Crude oil production in April from the seven major US shale regions is expected to fall 106,000 b/d to 4.87 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). That includes a 4,000-b/d drop in the Permian to 2.04 million b/d.
2016, March, 8, 13:20:00
U.S. RIGS DOWN 46
U.S. Rig Count is down 13 rigs from last week to 489, with oil rigs down 8 to 392, and gas rigs down 5 to 97.
Canadian Rig Count is down 46 rigs from last week to 129, with oil rigs down 33 to 50, and gas rigs down 13 to 79.
2016, March, 8, 13:15:00
ROSNEFT WILL DRILL
In addition to Vietnam, Rosneft also has oil-producing assets in Venezuela and Canada. It has exploration prospects in several other countries, including in Mozambique and the US in partnership with ExxonMobil.