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All publications by tag «OIL»

All publications by tag
2016, October, 18, 18:45:00
NORWAY'S OIL PRODUCTION DOWN 344 TBD
Preliminary production figures for September 2016 show an average daily production of 1 591 000 barrels of oil, NGL and condensate, which is a decrease of 344 000 barrels per day (approx. 18 percent) compared to August.
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2016, October, 18, 18:40:00
БЕССМЫСЛЕННЫЕ США
"Мы ждем результатов выборов (в США)", - сказал он журналистам в кулуарах "Oil&Money Conference 2016", отвечая на вопрос, будет ли он приглашать США на встречу в Вену.
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2016, October, 18, 18:35:00
U.S. OIL PRODUCTION DOWN 30 TBD
USA oil production down 30 tbd, gas production down 178 mcfd.
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2016, October, 18, 18:30:00
U.S. RIGS UP 15
USA Rig Count is down 248 rigs from last year's count of 787, with oil rigs down 163, gas rigs down 87, and miscellaneous rigs up 2. Canadian Rig Count is down 16 rigs from last year's count of 181, with oil rigs up 14, and gas rigs down 30.
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2016, October, 14, 18:55:00
OIL PRICES FORECAST: $43 - $51
Brent crude oil prices are forecast to average $43/barrel (b) in 2016 and $51/b in 2017. West Texas Intermediate (WTI) crude oil prices are forecast to average about $1/b less than Brent in 2016 and in 2017. The current values of futures and options contracts suggest high uncertainty in the price outlook. NYMEX contract values for January 2017 delivery traded during the five-day period ending October 6 suggest a price range from $37/b to $68/b encompasses the market expectation of WTI prices in January 2017.
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2016, October, 14, 18:50:00
WORLD OIL DEMAND WILL UP BY 1.15 MBD
World oil demand in 2016 is seen increasing by 1.24 mb/d to average 94.40 mb/d. Positive revisions were primarily a result of higher-than-expected demand in the Other Asia region, while downward revisions were a result of lower-than-expected performance from OECD America. In 2017, world oil demand is anticipated to rise by 1.15 mb/d, to average 95.56 mb/d.
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2016, October, 14, 18:35:00
U.S. OIL WELLS UNCHANGED
API announced today that estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of 3.7%, which follows an average of 17.3% in quarterly declines for the past year and a half.
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2016, October, 14, 18:30:00
THE FIRST KASHAGAN'S OIL
The project has been plagued by multiple delays and cost overruns. A 2008 budget estimate of $38 billion jumped to $53 billion by the end of last year as the partners replaced undersea links after sour gas cracked the pipes.
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2016, October, 13, 18:55:00
OIL PRICES: ABOVE $51
Brent crude, the global oil benchmark, rose 0.2% to $51.91 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.1% at $50.21 a barrel.
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2016, October, 13, 18:50:00
RUSSIA & SAUDI COOPERATION
Coordinated output curbs by Russia and the Organization of Petroleum Exporting Countries, who together pump about half the world’s oil, could boost fuel prices for consumers and revive the fortunes of a battered energy industry. While Putin’s comments are the firmest indication yet that such an agreement is possible, Russia is still pumping at record levels and has stopped short of a commitment to pull back. OPEC members also have many hurdles to overcome before implementing their first cuts in eight years.