All publications by tag «OIL»
2015, September, 3, 18:30:00
CONOCO CUTS 10%
ConocoPhillips said Tuesday that it plans to cut about 10 percent of its global workforce.
2015, September, 1, 19:00:00
OIL UP 25%
Oil prices have rocketed more than 25 per cent in three trading sessions, with the latest boost coming from data on US production and vague hints of a change of thinking inside the Opec producers’ cartel.
2015, September, 1, 18:55:00
OPEC'S VOICE
“Today’s continuing pressure on prices, brought about by higher crude production, coupled with market speculation, remains a cause for concern for OPEC and its members—indeed for all stakeholders in the industry,” the commentary in the latest OPEC Bulletin said.
2015, September, 1, 18:50:00
OPEC GAINS 2016
Supplies outside OPEC are expected to contract in 2016 for the first time since 2008, sliding by 200,000 barrels a day, according to the International Energy Agency. With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.
2015, September, 1, 18:45:00
RUSSIA READY TO DISCUSS
"It's quite possible that if oil prices remain at the low levels for long, oil production could decline, as had been the case before. Anyway, we don't expect any significant cuts,"
2015, September, 1, 18:40:00
U.S. OIL DECREASE
EIA estimates U.S. crude oil production in June 2015 at 9.3 million barrels per day (b/d), a decrease of approximately 100,000 b/d from the revised May 2015 figure. Production estimates released in the PSM for January through May were revised downward by 40,000 b/d to 130,000 b/d. The largest revisions in volume include decreases of oil production in Texas (ranging from about 100,000 b/d to 150,000 b/d) and increases in the federal Gulf of Mexico (ranging from about 10,000 b/d to 50,000 b/d). U.S. crude oil production for the first six months of 2015 averaged 9.4 million b/d.
2015, September, 1, 18:30:00
RUSSIA'S BIGGER JUMP
"We cut our real GDP outlook... to take into account a weaker-than-expected second quarter, a deteriorating global emerging market outlook, and our oil price revisions,"
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.