All publications by tag «OIL»
![All publications by tag](/cache/2016/10/PRICE-254.af78c927.jpg)
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.
![All publications by tag](/cache/2016/10/Russia-130.51f52cc8.jpg)
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.
![All publications by tag](/cache/2016/10/CHINA-82.1f4fee57.jpg)
2016, October, 13, 18:45:00
CHINA OIL IMPORTS UP
The world’s biggest energy user imported 33.06 million metric tons of crude in September, according to data released by the General Administration of Customs on Thursday. That’s about 8.08 million barrels a day. China’s net fuel exports were at 2.37 million tons last month, near the record 2.49 million in July.
![All publications by tag](/cache/2016/10/PRICE-249.7aac72f2.jpg)
2016, October, 11, 18:50:00
OIL PRICES: ABOVE $52 STILL
December Brent crude oil futures LCOc1 were down 42 cents at $52.72 a barrel by 1100 GMT, below Monday's one-year high at $53.73, but off an intraday low at $52.51, while U.S. futures CLc1 were down 43 cents at $50.92 a barrel.
![All publications by tag](/cache/2016/10/PRICE-250.552509d1.jpg)
2016, October, 11, 18:40:00
ANTI-OPEC POSITION
"Why should we do it?" Sechin, known for his anti-OPEC position, told Reuters in Istanbul on Monday evening, when asked if Rosneft, which accounts for 40 percent of Russia's total crude oil output, might cap its own output.
![All publications by tag](/cache/2016/10/PRICE-241.3a41c6c9.jpg)
2016, October, 11, 18:30:00
OIL PRICES: REDUCING THE ODDS
"Higher production from Libya, Nigeria and Iraq are reducing the odds of such a deal rebalancing the oil market in 2017," Goldman analysts said.
![All publications by tag](/cache/2016/10/PRICE-238.5000d619.jpg)
2016, October, 10, 18:50:00
OIL PRICES: ABOVE $52 AGAIN
Global benchmark Brent crude futures LCOc1 reached a high of $52.57 a barrel, not far off a one-year high of $52.86 a barrel, by 1207, up 64 cents on Friday's close.
U.S. futures CLc1 also gained ground, trading at $50.32, up 51 cents.
![All publications by tag](/cache/2016/10/IRAQ-18.f807f953.jpg)
2016, October, 10, 18:45:00
IRAQ WANTS MORE
The minister "has affirmed the need to proceed forth with increasing oil and gas production through enhancing the national effort and those of the licensed companies for the remainder of 2016 and also for 2017," the statement said.
![All publications by tag](/cache/2016/10/RIG-4.9dda9bb2.jpg)
2016, October, 10, 18:40:00
WORLDWIDE RIG COUNT UP 37
The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.
![All publications by tag](/cache/2016/10/North-Sea-3.e4c307da.jpg)
2016, October, 10, 18:35:00
THE LOWEST NORTH SEA
Baker Hughes Inc., the services company that tracks drilling activity worldwide, said just 27 rigs operated last month in the North Sea, the lowest number since records started in January 1982. The previous low was set in October 1999, when oil prices plunged to $10 a barrel.