All publications by tag «OIL»
2016, August, 9, 18:55:00
OIL PRICE: $45.5
Brent crude for October LCOc1 was up 13 cents at $45.52 a barrel by 1042 GMT (0642 ET), after rising $1.12 on Monday. The global benchmark fell nearly 15 percent in July. U.S. crude for September CLc1 was up 21 cents at $43.23.
2016, August, 9, 18:50:00
LIBYA HAS STARTED
Libya is seeking to boost crude production after rival leaders agreed last month to unify the state National Oil Corp. under a single management. The bulk of the country’s oil infrastructure is either damaged or straddles disputed territory as armed factions fought for control of producing fields.
2016, August, 9, 18:45:00
IRAQI OIL: 4.6 MBPD
The OPEC member pumped 4.632mn barrels of crude oil per day in July compared with 4.559mn bpd in June, state-run Oil Marketing Company (SOMO) said in a recent statement.
2016, August, 9, 18:40:00
IRANIAN OIL UP TO 2.5 MBPD
"Oil exports has risen to 2,500,000 barrels per day and children of the Iranian nation (officials) have been capable of moving the stopped wheels of oil production and regaining the past markets through increase in the production."
2016, August, 9, 18:35:00
IRAN - INDONESIA COOPERATION
Indonesia is looking to increase imports of LPG, petrochemical products and crude oil from Iran in the near future. Earlier this year, Indonesia inked a deal to buy LPG from Iran.
2016, August, 8, 19:25:00
OIL PRICES UP TO $44.4
U.S. West Texas Intermediate (WTI) crude oil futures were at $42.01 per barrel at 0022 GMT, up 21 cents, or 0.5 percent, from their last close.
Brent crude futures were trading at $44.40 per barrel, up 13 cents, or 0.29 percent.
2016, August, 8, 19:20:00
PRICE'S TALKS: NO NEED
Russia, Saudi Arabia and other major oil exporters met in Doha in April in a bid to stabilize global markets by putting caps on output. The effort collapsed as Saudi Arabia demanded that rival Iran join the pact. At the time, Iran had ruled out any limits as it ramped up production after the lifting of international sanctions.
2016, August, 8, 19:15:00
OIL PRICES: $40 - $50
Greenspan sees oil trading in a range of about $40 to $50 a barrel over the next couple of years. A $50 price would be high enough to encourage new shale oil production in the U.S., he said.
Oil futures traded near $42 a barrel in New York on Thursday, down from a 2016 closing high of $51.23 on June 8.
2016, August, 8, 19:10:00
OPEC: DEMAND WILL UP
“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in a brief released from OPEC.
2016, August, 8, 19:05:00
U.S. RIG COUNT UP 1
U.S. Rig Count is up 1 rig from last week to 464, with oil rigs up 7 to 381, gas rigs down 5 to 81, and miscellaneous rigs down 1 to 2.
Canadian Rig Count is up 3 rigs from last week to 122, with oil rigs unchanged at 60, gas rigs up 2 to 60, and miscellaneous rigs up 1 to 2.