All publications by tag «OIL»
2015, November, 11, 19:55:00
OIL PRICES 2016: $56
EIA forecasts that Brent crude oil prices will average $54/b in 2015 and $56/b in 2016. The 2015 forecast price is unchanged from last month's STEO, and the 2016 forecast price is $2/b lower. Forecast West Texas Intermediate (WTI) crude oil prices average $4/b lower than the Brent price in 2015 and $5/b lower in 2016. The current values of futures and options contracts for February 2016 delivery (Market Prices and Uncertainty Report) suggest the market expects WTI prices to range from $35/b to $66/b (at the 95% confidence interval) in February 2016.
2015, November, 11, 19:50:00
U.S. OIL DOWN 118,000 BPD
Crude oil production in December from seven major US shale plays is expected to drop 118,000 b/d to 4.95 million b/d.
2015, November, 11, 19:40:00
OPEC WILL RISE
OPEC’s share of the global oil market will expand from 2020 as prices recover to $80 and supply outside the group stagnates due to spending cuts, according to the International Energy Agency.
2015, November, 9, 20:00:00
ROBUST MARKET FUNDAMENTALS
Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for a price spike, Saudi Arabia's vice oil minister said
2015, November, 9, 19:55:00
OIL CUTS $200 BLN
The oil and gas industry has cut $200 billion from investments this year as low prices discourage new projects, leading to cuts in crude supplies equal to half the daily output of Saudi Arabia, according to the kingdom’s Prince Abdul Aziz bin Salman.
2015, November, 9, 19:45:00
CHESAPEAKE NET LOSS $12.5 BLN
- Production averaged approximately 667,000 boe per day, an increase of 3% year over year, adjusted for asset sales
- Adjusted net loss of $0.05 per fully diluted share and adjusted ebitda of $560 million
- 2015 total production guidance increased to 670 – 680 mboe per day
- 2015 production expense and general and administrative expense guidance lowered significantly
- 2015 capital guidance reduced to $3.4 – $3.9 billion
2015, November, 9, 19:40:00
U.S. RIGS DOWN 4
U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and gas rigs up 2 to 199.
U.S. Rig Count is down 1,154 rigs from last year at 1,925, with oil rigs down 996, gas rigs down 157, and miscellaneous rigs down 1 rig.
The U.S. Offshore rig count is 32, down 1 rig from last week, and down 21 rigs year over year.
2015, November, 6, 20:00:00
NEVER SEE $100
Oil today stands at around $50 a barrel, having more than halved since June 2014 after global supplies dramatically rose due in large part to the U.S. shale oil boom but also due to the unlocking of huge offshore reserves in Brazil, Africa and Asia.
2015, November, 6, 19:50:00
THE SAUDI - RUSSIAN BATTLE
The Saudi-Russian battle for Europe's crude oil buyers intensified this week as Swedish refiner Preem bought its first cargo of Saudi Arabian crude oil in around two decades, trading sources said.
2015, November, 6, 19:45:00
JUNK U.S. RATED
The regulators gave a negative classification to $372.6 billion out of $3.9 trillion in loans impacted by the review, or 9.5 percent of the loans. Classified loans increased 9.4 percent from a year ago.