All publications by tag «OIL»
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2016, October, 3, 18:40:00
OIL PRICES: ABOVE $50
December Brent crude futures LCOc1 were last up 42 cents at $50.61 a barrel by 0913 GMT, off a session low of $49.74, while U.S. crude futures CLc1 rose 37 cents to $48.61 a barrel, above the day's low at $47.78.
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2016, October, 3, 18:30:00
U.S. RIGS UP 11
U.S. Rig Count is down 287 rigs from last year's count of 809, with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1.
Canadian Rig Count is down 17 rigs from last year's count of 179, with oil rigs up 14, and gas rigs down 31.
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2016, September, 30, 18:40:00
OIL DEMAND WILL RISE
Demand for land rigs will rise 29 percent next year to 579, the S&P Global Platts unit said in a report released at the Benposium East conference in New York on Wednesday. Platts RigData forecasts average West Texas Intermediate crude prices to climb 23 percent to $52.18 a barrel in 2017. The Henry Hub natural gas benchmark is seen increasing 26 percent to $3.05 per million British thermal units.
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2016, September, 30, 18:30:00
UK'S OIL COLLAPSE
"The UK continental shelf is in urgent need of fresh investment to boost exploration and drive activity, particularly for the supply chain," Oil and Gas UK chief executive Deirdre Michie said, going on to call for additional government efforts to encourage investment.
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2016, September, 29, 18:45:00
OPEC AGREED
"OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," said Iranian Oil Minister Bijan Zanganeh, who had repeatedly clashed with Saudi Arabia during previous meetings.
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2016, September, 29, 18:40:00
SAUDI - IRAN COMPROMISE
While Tehran wants to set its production target at about 4.2 million barrels per day, Riyadh last week asked its regional rival to freeze its output at 3.6 million barrels per day in return for a production cut.
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2016, September, 28, 19:00:00
OIL PRICES: $46 STILL
The November contract for global crude benchmark Brent was up 0.78% at $46.33 while its U.S. counterpart West Texas Intermediate gained 0.58% to hit $44.94.
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2016, September, 28, 18:55:00
СТАБИЛИЗАЦИЯ МИРОВОГО РЫНКА
«Во втором полугодии цены будут колебаться между 40 и 50 долларов за баррель, в среднем по 2017 году мы ожидаем стоимость нефти в диапазоне 50-60 долларов», - сказал глава Минэнерго России.
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2016, September, 28, 18:50:00
IRAN WANTS 13%
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.
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2016, September, 28, 18:45:00
SAUDI NEEDS A GENTLE
“We need a gentle adjustment to reassure the market,” Mr. Falih said at a briefing where he was flanked by his Russian counterpart, Alexander Novak.