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All publications by tag «OIL»

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2017, March, 29, 18:30:00
BP SELL REFINERIES
Refining of crude oil into fuels such as gasoline, diesel and jet fuel has for years been the industry's problem child, having to grapple with weak and volatile profit margins as well as competition from modern refineries built in China, India and the Middle East.
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2017, March, 27, 19:10:00
OIL PRICES: OVER $50 ANEW
Benchmark Brent crude futures fell by 33 cents, or 0.65 percent, from their last close to $50.47 per barrel by 0653 GMT. In the United States, West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.85 percent, at $47.56 a barrel.
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2017, March, 27, 19:05:00
СОТРУДНИЧЕСТВО ОПЕК И РОССИИ
Первое, что я хочу сказать: у нас такая возможность предусмотрена самим соглашением. Есть отдельный пункт, в котором говорится, что оно может быть продлено на срок до 6 месяцев. Второе: сегодня ещё конец марта. Мы ещё не перешагнули экватор. Обмен мнениями, который состоялся среди министров, и предложение, которое прозвучало, — означают возможность всем странам изучить этот вопрос до следующей министерской встречи; дать поручения секретариату ОПЕК с тем, чтобы секретариат провёл дополнительный анализ ситуации на рынке, которая будет складываться с января по апрель; дать прогнозы исполнения в мае, в июне и на второе полугодие.
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2017, March, 27, 19:00:00
OPEC AND NON-OPEC COOPERATION
"This reaffirms the commitment of OPEC and participating non-OPEC countries to continue to cooperate," the statement said.
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2017, March, 27, 18:55:00
HIGH LEVEL OF CONFORMITY
The Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) convened in Kuwait City for its second meeting on 26 March 2017. It announced that, based on the Report of the Joint OPEC/Non-OPEC Technical Committee (JTC) for the month of February 2017, OPEC and participating non-OPEC countries have continued their progress towards full conformity with their voluntary adjustments in production.
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2017, March, 27, 18:50:00
OIL PRICES: ABOUT $55
Barclays Commodities Research said its analysts still believe oil prices could rise to $60/bbl in the second quarter assuming inventory draws and the OPEC production cut remains in place. “However, this would likely be temporary, and we forecast prices in the mid $50s/bbl in the second half 2017,” Barclays said.
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2017, March, 27, 18:30:00
U.S. RIGS UP 20
U.S. Rig Count is up 345 rigs from last year's count of 464, with oil rigs up 280, gas rigs up 63, and miscellaneous rigs up 2. Canadian Rig Count is up 130 rigs from last year's count of 55, with oil rigs up 59 and gas rigs up 70, and miscellaneous rigs up 1.
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2017, March, 24, 19:25:00
OIL PRICES: OVER $50 AGAIN
Benchmark Brent crude futures LCOc1 were at $50.72 per barrel at 1255 GMT, up 16 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 20 cents at $47.90 a barrel. Brent was heading for a weekly fall of around 2 percent, while WTI was off just over 1.8 percent.
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2017, March, 24, 19:20:00
U.S. OIL DEMAND UP TO 19.3 MBD
Total petroleum deliveries moved up by 1.2 percent from the prior year to nearly 19.3 million barrels per day in January 2017. These were the highest January deliveries in nine years, since 2008.
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2017, March, 24, 19:10:00
SAUDI'S OIL BALANCE
Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.