All publications by tag «OIL»
2015, December, 4, 21:35:00
OPEC OIL UNCHANGED
If current production remains unchanged at 31.5 million barrels a day, markets will still be oversupplied by 700,000 barrels a day in 2016—though that would be less than the glut of 1.8 million a barrel a day OPEC estimates for this year.
2015, December, 4, 21:30:00
STATOIL WANTS ARCTIC
“There are no geographical boundaries for profitability,” Nylund said in the interview in Kristiansund on the coast of central Norway. “When you work with solutions, optimizations, adjustments here and there, you see that the cost level comes down.”
2015, December, 4, 21:25:00
NORWAY CUTS PRODUCTION
“Lower activity in the oil sector is having a damping effect on growth prospects for most sectors, while the level of activity is expected to be sustained by rising growth in public investment,” the central bank said in the report.
2015, December, 3, 19:30:00
OPEC'S PROGNOSES
The mistaken prognoses highlight the challenges OPEC faces on Friday when the group’s ministers gather in Vienna for a potentially contentious meeting.
2015, December, 3, 19:25:00
VITOL & LIBYA DEAL
Libya, an Opec member, is producing a fraction of the 1.6m barrels a day it pumped before the downfall of Muammer Gaddafi four years ago. Its oil industry and infrastructure has been shattered by years of conflict that has divided the country.
2015, December, 3, 19:15:00
OIL PRICES UP
Saudi Arabia, which has so far resisted any market intervention to prop up oil prices, will propose the Organization of the Petroleum Exporting Countries (OPEC) cut output by 1 million barrels per day (bpd) next year, Energy Intelligence reported.
2015, December, 1, 20:00:00
DEPRESSED OIL PRICES
Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets on Friday.
2015, December, 1, 19:55:00
U.S. CHALLENGING TIMES
“Relatively low gas prices, combined with low oil prices, have slowed drilling in the Marcellus (Shale) so production from new wells is only offsetting the decline in old wells,” said EIA lead upstream analyst Dana Van Wagener.
2015, December, 1, 19:50:00
U.S. OIL DOWN 259,000
U.S. oil production decreased on 259,000 barrels per day
2015, December, 1, 19:40:00
LUKOIL PRODUCTION UP 3.9%
LUKOIL EBITDA REACHED $10.5 BILLION IN THE NINE MONTHS OF 2015, LIQUID HYDROCARBONS PRODUCTION INCREASED BY 3.9%. FREE CASH FLOW REACHED $2.0 BILLION
