All publications by tag «OIL»
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2017, January, 20, 19:00:00
OIL PRICES: ABOVE $54 O'ER
International benchmark Brent crude prices were up 68 cents at $54.84 a barrel at 0950 GMT.
U.S. West Texas Intermediate (WTI) crude oil futures were trading up 63 cents at $52 a barrel.
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2017, January, 20, 18:55:00
U.S. OIL GAS PRODUCTION UP
U.S. oil production will up 41 tbd, gas production will up 330 mcfd.
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2017, January, 20, 18:50:00
CHINA'S CNOOC INVESTMENT UP TO 39%
Cnooc said it plans to lift capital spending to between Rmb60bn and RMB70bn this year, from budgeted capex of Rmb50.3bn in 2016. It intends to produce between 450m and 460m barrels of oil equivalent this year, compared with an estimated 476m last year.
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2017, January, 20, 18:30:00
NORWAY'S PRODUCTION DOWN 60 TBD
Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.
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2017, January, 17, 18:45:00
DEMAND WILL UP
Brent for March settlement rose 27 cents to $55.72 a barrel on the London-based ICE Futures Europe exchange. The contract fell 56 cents, or 1 percent, to $55.45 a barrel on Friday. Prices slid 2.9 percent last week, the biggest drop since November. The global benchmark crude traded at a premium of $2.32 to March WTI.
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2017, January, 17, 18:40:00
2017: OPEC SEES STABILITY
OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months.
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2017, January, 17, 18:35:00
CHINA'S PRODUCTION DOWN
China’s oil production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016.
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2017, January, 16, 18:45:00
OIL PRICES: ABOVE $55 AFRESH
Benchmark Brent crude oil LCOc1 was down 10 cents a barrel at $55.35 by 0915 GMT (04:15 a.m. ET) and U.S. light crude CLc1 fell 10 cents to $52.27.
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2017, January, 16, 18:40:00
URALS: $52.53
Средняя цена на нефть Urals за период мониторинга с 15 декабря 2016 года по 14 января 2017 года составила $52,53 за баррель, или $383,5 за тонну.
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2017, January, 16, 18:35:00
2017: VOLATILITY OIL PRICES
Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented.