All publications by tag «OIL»
2016, September, 8, 18:45:00
E&P WILL UP BY 5%
Oil and gas companies are poised to increase spending on exploration and production globally by 5% in 2017, while offshore spending may continue to fall next year, based on Barclays’ midyear global spending survey of more than 200 companies.
2016, September, 8, 18:35:00
INTERNATIONAL RIG COUNT DOWN 200
The international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.
2016, September, 8, 18:30:00
SUNCOR WANTS TO CUT
Oil sands are one of the world’s most expensive and are also among the most carbon dioxide-intensive forms of crude-oil extraction.
2016, September, 7, 19:05:00
OIL PRICES: ABOUT $48 YET
November Brent crude futures rose 49 cents to $47.75 a barrel by 0900 GMT, while U.S. crude futures added 46 cents at $45.29 a barrel.
2016, September, 7, 19:00:00
IRAN SUPPORTS PRICE $50 - $60
“Iran wants a stable market and therefore any measure that helps the stabilisation of the oil market is supported by Iran,” Mr Zanganeh said. “We support oil prices between $50 and $60 per barrel.”
2016, September, 7, 18:55:00
IRAQ SUPPORTS THE FREEZE
"Our government supported the freeze and we have to support the freeze. We have the capacity to produce more. But if the freeze is for a certain period and will stabilize the market, definitely the freeze is in our favor,"
2016, September, 7, 18:45:00
SAUDI CUTS DEFICIT $20 BLN
The government is reviewing thousands of projects valued at about 260 billion riyals ($69 billion) and may cancel a third of them, three people said, asking not to be identified as the discussions are private. The measures would impact the budget for several years, according to two of the people.
2016, September, 7, 18:35:00
BALANCE IS UNSTABLE
"Supply and demand are near balance, but the balance is precarious," Andy Milnes, CEO, Integrated Supply & Trading (Eastern Hemisphere), BP, told delegates.
2016, September, 6, 18:45:00
SAUDI & RUSSIA COOPERATION
Saudi Arabia hopes to work with Russia for stability in oil markets, Prince Mohammed bin Salman said Sunday in a meeting with the Russian president in Hangzhou, China. World leaders are gathering in China this week for a summit of Group of 20 nations. Russia and Saudi Arabia will meet with other producers in Algeria this month to discuss oil markets.
2016, September, 6, 18:40:00
OIL PRICES: ABOUT $48
Light, sweet crude for October delivery rose 84 cents, or 1.9%, to $45.28 a barrel in the Globex electronic session. November Brent crude added six cents, or 0.1%, to $47.69 a barrel.