All publications by tag «OIL»
![All publications by tag](/cache/12-2017/PRICE-55.84f2cae9.png)
2017, December, 1, 12:55:00
SAUDIS & RUSSIA LEADERSHIP
PLATTS - Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018.
The deal -- agreed after nearly nine hours of negotiations in Vienna -- kept its new ally Russia onside and prevented a sell-off that many analysts had feared.
![All publications by tag](/cache/12-2017/PRICE-52.77f52bd8.png)
2017, December, 1, 12:50:00
OPEC & RUSSIA CUTS
BLOOMBERG - OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
![All publications by tag](/cache/05-18/koch-2.81a08c34.png)
2017, November, 30, 12:10:00
KOCH BROTHERS INDUSTRIES
INVESTOPEDIA - The Koch brothers have become well-known for their libertarian and conservative politics, and are often portrayed as significant personalities that impact elections and government decisions.
![All publications by tag](/cache/11-2017/PRICE-42.5710897b.png)
2017, November, 29, 10:05:00
OIL PRICE: ABOVE $63 STILL
REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $57.67 a barrel at 0427 GMT, down 32 cents, or 0.6 percent below their last settlement.
Brent crude futures, the international benchmark for oil prices, were at $63.14 a barrel, down 47 cents, or 0.7 percent.
![All publications by tag](/cache/11-2017/PRICE-39.f44fcf16.jpg)
2017, November, 29, 10:00:00
OPEC OIL EXPECTATIONS
BLOOMBERG - Implied volatility, a gauge of expected price moves, dropped to about 22 percent on Friday for New York-traded crude. That was the lowest level since early March and close to a three-year low. Other gauges of turbulence have also traded at multi-year lows since the start of October, despite the escalating tensions and meetings this week in Vienna, where OPEC and allied oil-producer states will discuss the extension of supply curbs that propped up the market.
![All publications by tag](/cache/11-2017/CHINA-119.df17dd56.png)
2017, November, 29, 09:40:00
SOUTH CHINA SEA OIL
OGJ - Phase II production from Weizhou 12-2 oil field has been brought on stream, CNOOC Ltd. said of its project in Beibu Gulf in the South China Sea.
![All publications by tag](/cache/11-2017/BRAZIL-12.750253e1.png)
2017, November, 29, 09:35:00
BRAZIL IN MOVEMENT
OGJ - Total SA announced Nov. 27 that the Petroleo Brasileiro SA (Petrobras)-led Libra consortium has brought production on stream in ultradeep waters 180 km offshore Rio de Janeiro in Brazil’s presalt Santos basin.
![All publications by tag](/cache/11-2017/price-25.5578e1aa.jpg)
2017, November, 27, 20:20:00
OIL PRICE: ABOVE $63 ANEW
BLOOMBERG - West Texas Intermediate for January delivery was at $58.51 a barrel on the New York Mercantile Exchange, down 44 cents, at 10:22 a.m. London time. Total volume traded was about 24 percent above the 100-day average. Prices gained 93 cents to $58.95 on Friday, capping a 4.2 percent weekly advance.
Brent for January settlement fell 21 cents to $63.65 a barrel on the London-based ICE Futures Europe exchange, after rising 1.8 percent last week. The global benchmark crude traded at a premium of $5.11 to WTI.
![All publications by tag](/cache/11-2017/OIL-436.f0176cbc.jpg)
2017, November, 27, 20:05:00
OIL SUPPLY & DEMAND
BLOOMBERG - Global crude inventories are declining and supply and demand are in balance, according to the head of Saudi Aramco, while the United Arab Emirates energy minister said U.S. shale oil doesn’t threaten OPEC’s efforts to support the market.
![All publications by tag](/cache/11-2017/price-3.c0e1fc74.png)
2017, November, 24, 09:45:00
OIL PRICE: ABOVE $63 TOO
BLOOMBERG - WTI for January delivery was at $58.43 a barrel on the New York Mercantile Exchange at 1:25 p.m. in Singapore, up 41 cents. The contract added $1.19 to $58.02 on Wednesday. There was no settlement Thursday because of the Thanksgiving holiday in the U.S. and all transactions will be booked Friday.
Brent for January settlement lost 14 cents, or 0.2 percent, to $63.41 a barrel on the London-based ICE Futures Europe exchange. Prices rose 23 cents to $63.55 on Thursday. The global benchmark crude traded at a premium of $4.98 to WTI.