All publications by tag «PRICE»
2017, July, 14, 09:45:00
EIA OIL PRICES FORECASTS: $51 - $52
EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018.
2017, July, 12, 14:35:00
OIL PRICES: ABOVE $48
Oil prices rose more than 1 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged.
Brent crude futures were up 60 cents, or 1.3 percent, at $48.12 per barrel by 0657 GMT, while U.S. West Texas Intermediate (WTI) crude futures were at $45.72 per barrel, up 68 cents, or 1.5 percent.
2017, July, 12, 14:30:00
OIL&GAS PRICES FORECAST: $51-$52; $3.1-$3.4
Brent crude oil prices are forecast to average $51/b in 2017 and $52/b in 2018. Average West Texas Intermediate (WTI) crude oil prices are forecast to be $2/b lower than the Brent price in both 2017 and 2018.
Henry Hub natural gas spot prices are forecast to average $3.10 per million British thermal units (MMBtu) in 2017 and $3.40/MMBtu in 2018.
2017, July, 12, 14:00:00
SAUDIS WILL CUT
Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC production commitment, a Saudi industry source said.
2017, July, 10, 12:30:00
OIL PRICES: ABOVE $46
Brent crude futures, the international benchmark for oil prices, were at $47.08 per barrel at 0537 GMT, up 37 cents, or 0.8 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $44.60 per barrel, up 37 cents, or 0.8 percent.
2017, July, 10, 12:25:00
ENERGY PRICES DOWN MORE
Because two major crude oil price benchmarks, West Texas Intermediate (WTI) and Brent, account for 70% of the weighting in the S&P GSCI energy index, the energy index tends to follow major price movements in the crude oil market. During the first half of 2017, WTI crude oil prices declined by 12%, while Brent prices fell 14%.
2017, July, 7, 08:15:00
OIL & GAS PRICES: DOWN TO $47
The August light, sweet crude contract on NYMEX dropped $1.94 on July 5 to settle at $45.13/bbl. The September contract was down $1.95 to close at $45.34/bbl.
The NYMEX natural gas price for August declined 11¢ to a rounded $2.84/MMbtu. The Henry Hub cash gas price was $2.90/MMbtu on July 5, down 4¢ from June 30, the last available price for the US gas spot price.
The Brent crude contract for September on London’s ICE decreased $1.82 to $47.79/bbl while the October contract dropped $1.83 to $48.07/bbl. The July gas oil contract was down $6.75 to $442.25/tonne.
The Organization of Petroleum Exporting Countries’ basket of crudes on July 5 was $47.04/bbl, down 53¢.
2017, July, 7, 08:05:00
OPEC PRODUCTION UP TO 32.49 MBD
The Organization of Petroleum Exporting Countries produced 32.49 million b/d in June—an increase of 220,000 b/d from May and representing a 6-month high.
2017, July, 7, 08:00:00
GAS PRICES DOWN
In the report -- trailed in May at the Flame conference in Amsterdam -- the IGU also confirmed that the average global wholesale gas price averaged just $3.35/MMBtu in 2016, the lowest price in any survey done by the IGU since it started in 2005.
2017, July, 7, 07:40:00
SHALE GAS DRILLING UP
One big reason is that natural gas prices have recovered from 20-year lows, nearly doubling since last year, according to S&P Global Market Intelligence.