All publications by tag «OIL»
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2017, November, 20, 08:50:00
U.S. RIGS UP 8 TO 915
U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1.
Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.
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2017, November, 17, 19:55:00
OIL PRICE: ABOVE $62
REUTERS - Benchmark Brent crude oil LCOc1 was up 66 cents at $62.04 a barrel by 1400 GMT, recovering some ground after five sessions of losses.
U.S. light crude hit a three-day high, rising more than $1 before easing back to $56.08, 94 cents up on the day.
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2017, November, 17, 19:50:00
RUSSIA'S OIL PAUSE
FT - The original deal with Opec’s de facto leader Saudi Arabia, brokered by Mr Novak and Russian president Vladimir Putin, reduced oil production from participating countries by 1.8m barrels a day and helped push the price of benchmark Brent Crude above $60 a barrel this week for the first time in more than two years.
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2017, November, 17, 19:45:00
RUSSIA - VENEZUELA RESTRUCTURING $3 BLN
FT - Russia has come to the aid of Venezuela with a deal to restructure $3.15bn of sovereign debt, allowing Caracas to meet obligations to other creditors and underlining Moscow’s role as the crisis-hit country’s main foreign backer.
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2017, November, 15, 15:25:00
OIL PRICE: ABOVE $61 AGAIN
REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month.
U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.
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2017, November, 15, 15:20:00
IEA COOLS THE MARKET
BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.
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2017, November, 15, 15:15:00
IEA: GLOBAL ENERGY DEMAND UP BY 30%
Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.
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2017, November, 15, 15:10:00
RUSSIA'S OIL EXPORTS UP
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.
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2017, November, 15, 15:05:00
UAE CUTS OUTPUT
OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.
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2017, November, 14, 18:10:00
OIL PRICE: ABOVE $62
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.