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All publications by tag «OIL»

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2016, August, 23, 18:35:00
OIL PRICES: ABOUT $49
International Brent crude oil futures were trading at $48.86 per barrel at 0644 GMT (0244 ET), down 30 cents, or 0.61 percent, from their last close. U.S. West Texas Intermediate (WTI) crude was down 40 cents, or 0.84 percent, at $47.01 per barrel.
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2016, August, 23, 18:30:00
AUSTRALIAN LOOSES
Amid all the gloom inflicted by adverse market conditions, intense focus on efficiency improvement emerges as a bright underlying theme. With oil prices now $50./b after hitting a low of $27 a barrel in January, the expectation is that some stability may finally be returning to the market. Higher oil price is certainly a positive for producers.
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2016, August, 22, 18:50:00
OIL PRICES: $49.39
Brent crude futures LCOc1 were trading at $49.39 per barrel at 1028 GMT, down $1.49 from their last close. U.S. West Texas Intermediate (WTI) crude Clc1 was down $1.27 at $47.25 a barrel.
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2016, August, 22, 18:45:00
NERVOUS OIL PRICES
This summer the U.S. oil price has whipsawed from more than $50 a barrel in June to below $40 earlier this month. In the past two weeks it has risen more than 20%, to a recent $48.22 a barrel.
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2016, August, 22, 18:30:00
U.S. RIGS UP 10
U.S. Rig Count is up 10 rigs from last week to 491, with oil rigs up 10 to 406, gas rigs unchanged at 83, and miscellaneous rigs unchanged at 2. Canadian Rig Count is down 5 rigs from last week to 121, with oil rigs unchanged at 65, gas rigs down 4 to 56, and miscellaneous rigs down 1 to 0.
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2016, August, 19, 19:00:00
OIL PRICES: $50
Brent ended the session up 2.09 percent at $50.89. The session high of $51.05 was its highest since June 23. U.S. crude settled at $48.22, up 3.06 percent after touching a session high of $48.38, the highest since July 5.
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2016, August, 19, 18:55:00
SHAKY MARKET BALANCE
Prices have struggled to go much higher than $50 a barrel. After the longest run of gains since March, Brent crude, the international benchmark, traded 0.9 percent higher at $51.17 at 7:13 a.m. in London on Friday.
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2016, August, 19, 18:40:00
AUSTRALIA'S OIL PROFIT DOWN
The slumping oil price has carved a chunk out of Australian oil and gas majors, with Woodside Petroleum reporting that profits halved in the first six months of the year while Santos swung to a loss of more than $1bn.
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2016, August, 19, 18:35:00
NIGERIA MAY LOSE $25 BLN
“This period of low oil price is not a time to jeopardize Nigeria’s long term interests by showing Nigeria as a place not to be trusted, and projecting our business environment as unconducive,”
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2016, August, 19, 18:30:00
NIGERIAN OIL UP
Nigeria's crude oil production disruptions are concentrated in the Niger Delta region, an oil-rich area bordering the Gulf of Guinea that is the mainstay of the country's crude oil production. Since the beginning of 2016, the Niger Delta Avengers (NDA) have conducted many attacks on oil and natural gas infrastructure throughout the region. Although not the only militant group conducting attacks in the region, the NDA is currently the most active.