All publications by tag «OIL»
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2017, December, 13, 12:40:00
OIL PRICE: ABOVE $64 YET
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.
U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
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2017, December, 13, 12:30:00
OIL PRICE - 2018: $57
EIA - North Sea Brent crude oil spot prices averaged $63 per barrel (b) in November, an increase of $5/b from the average in October. EIA forecasts Brent spot prices to average $57/b in 2018, up from an average of $54/b in 2017.
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2017, December, 13, 12:15:00
WBG: NO OIL&GAS FINANCE
WBG - The World Bank Group will no longer finance upstream oil and gas, after 2019.
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2017, December, 11, 10:25:00
OIL PRICE: NOT ABOVE $64 YET
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $57.14 a barrel at 0418 GMT, down 22 cents, or 0.4 percent, from their last settlement. Brent crude futures LCOc1, the international benchmark for oil prices, were down 25 cents, or 0.4 percent, at $63.15 a barrel.
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2017, December, 11, 10:10:00
RUSSIAN ARCTIC OIL
Russia has three oil export terminals on its Arctic coast. Shipments began from Lukoil PJSC's 240,000 barrel a day Varandey terminal in 2008. It now handles about 150,000 daily barrels from nearby fields. Gazprom Neft's Prirazlomnoye field produces approximately 80,000 barrels a day, with a target capacity of 130,000. The same company's 170,000 barrel a day Arctic Gate terminal started operations this year and exports about 150,000 barrels a day from the Novoportovskoye field. Crude from all three terminals is shipped in shuttle tankers to Murmansk, from where cargoes are sent on larger vessels to Europe.
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2017, December, 11, 10:00:00
U.S. OIL INVENTORY DOWN BY 5.6 MBD
US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 5.6 million bbl for the week ended Dec. 1 compared with the previous week. The latest estimate is 448.1 million bbl, which puts oil supplies in the upper range for this time of year, the US Energy Information Administration said.
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2017, December, 11, 09:55:00
SAUDIS OIL FOR JAPAN
REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
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2017, December, 11, 09:30:00
U.S. RIGS UP 2 TO 931
U.S. Rig Count is up 307 rigs from last year's count of 624, with oil rigs up 253, gas rigs up 55, and miscellaneous rigs down 1 to 1.
Canada Rig Count is down 11 rigs from last year's count of 230, with oil rigs down 5, gas rigs down 5, and miscellaneous rigs down 1 to 1.
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2017, December, 8, 17:50:00
OIL PRICE: NOT ABOVE $63 AGAIN
REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $56.58 a barrel at 0714 GMT, down 11 cents, or 0.2 percent from their last settlement.
Brent crude futures, the international benchmark for oil prices, were down 8 cents, or 0.1 percent, at $62.12 a barrel.
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2017, December, 8, 17:10:00
LIBYA - OPEC AGREEMENT
BLOOMBERG - With a fragile political accord barely holding the country together, Libya faces an array of challenges preventing its return to the output levels of about 1.6 million barrels a day pumped before the 2011 uprising against Muammar Qaddafi.