All publications by tag «OIL»
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2016, October, 25, 18:45:00
IRAN WANTS $200 BLN
He further quoted Iranian Minister of Petroleum Bijan Zangeneh as saying that Iran would need at least 200 billion dollars of investment in its upstream and downstream sectors under the development plan.
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2016, October, 25, 18:40:00
IRAQ WANTS 9 MBD
“We should be producing 9 million if it wasn’t for the wars,” said Falah Al Amri, the director general of state oil marketing company SOMO.
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2016, October, 24, 18:55:00
OIL PRICES: STILL ABOVE $51
Brent crude futures LCOc1 were down 18 cents at $51.60 a barrel by 0725 ET. U.S. West Texas Intermediate (WTI) crude CLc1 was down 37 cents at $50.48.
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2016, October, 24, 18:45:00
U.S. OIL PRODUCTION DOWN 8.9%
U.S. crude oil production declined 8.9 percent from year ago levels. However, at an average of 8.6 million barrels per day, domestic crude oil production in September increased by 0.8 percent from August–the first month over month increase in six months. Compared with year to date 2015, domestic crude oil production declined 6.1 percent. Compared to third quarter of 2015, crude oil production decreased 8.5 percent for the third quarter of 2016. September crude oil production was the third highest level for the month and the second highest year to date level in 31 years, since 1985.
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2016, October, 24, 18:40:00
U.S. OIL IMPORTS UP BY 528 TBD
U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, during the first half of 2016 compared to the first half of 2015. This increase reverses a multiyear trend of decreasing U.S. crude oil imports as a result of increasing U.S. production.
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2016, October, 24, 18:35:00
U.S. RIGS UP 14
U.S. Rig Count is down 234 rigs from last year's count of 787, with oil rigs down 151, gas rigs down 85, and miscellaneous rigs up 2.
Canadian Rig Count is down 47 rigs from last year's count of 190, with oil rigs down 15, and gas rigs down 32.
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2016, October, 21, 18:51:00
OIL PRICES: ABOVE $52 AGAIN
U.S. West Texas Intermediate (WTI) crude CLc1 was trading at $50.59 a barrel at 0652 GMT, down 4 cents from its last settlement.
Brent crude futures LCOc1 were up 7 cents at $51.45 per barrel.
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2016, October, 21, 18:45:00
RUSSIAN OIL&GAS INVESTMENT
However, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all.
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2016, October, 21, 18:40:00
SAUDI'S OIL RECORD
The economic consequences of cheap oil have been severe for Saudi Arabia. Riyadh is burning through foreign-exchange reserves, government contractors have gone unpaid, and civil servants, who make up two-thirds of the labor force, will get no bonus this year. The country’s fiscal deficit is more than 10 percent of gross domestic product, the highest ratio of any Group of 20 nation. The International Monetary Fund forecasts that Saudi economic growth will slow to about 1 percent next year, the worst since 2009. A few banks predict a recession.
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2016, October, 21, 18:35:00
SHELL SELLS CANADA: $1 BLN
Shell’s net debt has more than doubled to $75bn since its £35bn takeover of BG Group was completed in February.