All publications by tag «OIL»
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2016, November, 15, 18:45:00
U.S. OIL&GAS PRODUCTION DOWN
U.S. oil production down 20 tbd, gas production down 94 mcfd.
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2016, November, 15, 18:35:00
NIGERIAN OIL WILL UP TO 3 MBD
Nigeria aims to increase its crude oil output to 2.8 million b/d by 2019 and to 3 million b/d by 2020 from the current average of 2 million b/d, according to a short term policy document produced by the country's oil ministry.
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2016, November, 15, 18:30:00
IRAN - RUSSIA COOPERATION
Iranian President Hassan Rouhani has voiced Tehran's readiness for boosting energy cooperation with Moscow, underlining the presence of Russian companies in various energy sectors in Iran.
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2016, November, 14, 18:55:00
OIL PRICES: ABOVE $44
Brent crude futures LCOc1 were down 2 cents on the day at $44.73 a barrel by 1005 GMT (5:05 a.m. ET), while NYMEX crude futures CLc1 were down 6 cents at $43.35 a barrel.
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2016, November, 14, 18:50:00
OPEC OIL PRODUCTION 33.64 MBD
The Organization of Petroleum Exporting Countries increased its crude oil output by 240,000 b/d during October to average 33.64 million b/d.
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2016, November, 14, 18:45:00
A LITTLE HOPE PRICE
The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
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2016, November, 14, 18:35:00
CONOCO PLANS $50
ConocoPhillips plans conservative financial and operating programs in 2017, planning for a longer-than-expected $50/b oil world by reducing its capital budget 4%, growing production up to 2% and forging technologies to squeeze out the last smidgen of resource from existing assets.
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2016, November, 14, 18:30:00
U.S. RIGS DOWN 1
U.S. Rig Count is down 199 rigs from last year's count of 767, with oil rigs down 122, gas rigs down 78, and miscellaneous rigs up 1.
Canadian Rig Count is unchanged from last year's count of 176, with oil rigs up 21 and gas rigs down 21.
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2016, November, 11, 19:05:00
OIL PRICES: ABOVE $45 AGAIN
International Brent crude oil futures LCOc1 were trading at $45.77 per barrel at 0743 GMT (2:43 a.m. ET), down 7 cents from their last close.
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading down 10 cents at $44.56 per barrel, weighed down by weakening U.S. demand.
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2016, November, 11, 19:00:00
OIL PRODUCTION GROWTH
Supply growth from nations outside the OPEC will be “just shy” of 500,000 barrels a day, an increase of 110,000 barrels a day from the agency’s forecast last month, it said Thursday. Russian production is likely to grow by 190,000 barrels a day, building on a 230,000-barrel increase in 2016.