All publications by tag «OIL»
2015, September, 1, 18:25:00
PRODUCERS NEED $ 500,000,000,000
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt.
2015, August, 31, 19:00:00
RUSSIA RAISES PROFITS
Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.
2015, August, 31, 18:45:00
U.S. RIGS DOWN 8
U.S. Rig Count is down 8 rigs from last week to 877, with oil rigs up 1 at 675, gas rigs down 9 to 202, and miscellaneous rigs unchanged at 0.
2015, August, 28, 18:30:00
OIL DEMAND ROSE
Demand for and production of oil and refined products grew across the board over the last year,” said API Chief Economist John Felmy. “In fact, demand for and production of oil and refined products were the highest July in eight years, since 2007.”
2015, August, 28, 18:25:00
OIL PRICE UP 10%
Brent crude, the international benchmark, jumped by $4.42 a barrel in afternoon trading to settle at $47.56. The 10.2 per cent gain marked its biggest one day advance since December 2008.
2015, August, 28, 18:20:00
OPEC IS JUST NOICE
Although OPEC's statutes say support from a simple majority of the 12 members can trigger an extraordinary meeting, none will occur without support from Saudi Arabia, which has yet to give its blessing, OPEC delegates say.
2015, August, 28, 18:10:00
LUKOIL DOWN 59%
In the first half of 2015, sales revenues were $51,294 million (-30.6% y-o-y). Net income attributable to LUKOIL decreased by 58.9% y-o-y to $1,695 million, EBITDA (earnings before interest, taxation, depreciation and amortization) decreased by 32.4% y-o-y to $6,379 million. In the first half of 2015, our financial results were affected by a sharp decrease in the hydrocarbon prices and non-cash write-off in the amount of $324 million.
2015, August, 26, 18:30:00
LOW OIL PRICES
Local industry and investment experts said Monday they expect continued struggles for the oil and gas industry following sub-$40-a-barrel prices and big drops in Wall Street stocks across the board.
2015, August, 26, 18:25:00
SAUDI'S BUDGET DOWN
Most Middle Eastern stock markets declined amid mounting concern the region’s largest economy will cut spending after oil prices slumped to the lowest since 2009.