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All publications by tag «PRICES»

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2017, March, 27, 19:00:00

OPEC AND NON-OPEC COOPERATION

"This reaffirms the commitment of OPEC and participating non-OPEC countries to continue to cooperate," the statement said.

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2017, March, 27, 18:55:00

HIGH LEVEL OF CONFORMITY

The Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) convened in Kuwait City for its second meeting on 26 March 2017. It announced that, based on the Report of the Joint OPEC/Non-OPEC Technical Committee (JTC) for the month of February 2017, OPEC and participating non-OPEC countries have continued their progress towards full conformity with their voluntary adjustments in production.

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2017, March, 27, 18:50:00

OIL PRICES: ABOUT $55

Barclays Commodities Research said its analysts still believe oil prices could rise to $60/bbl in the second quarter assuming inventory draws and the OPEC production cut remains in place. “However, this would likely be temporary, and we forecast prices in the mid $50s/bbl in the second half 2017,” Barclays said.

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2017, March, 24, 19:25:00

OIL PRICES: OVER $50 AGAIN

Benchmark Brent crude futures LCOc1 were at $50.72 per barrel at 1255 GMT, up 16 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 20 cents at $47.90 a barrel. Brent was heading for a weekly fall of around 2 percent, while WTI was off just over 1.8 percent.

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2017, March, 22, 19:10:00

OIL PRICES: OVER $50

Benchmark Brent crude was down 82 cents at $50.14 per barrel at 0936 GMT (5:36 a.m. ET), after dropping to $50.05, its lowest level since OPEC announced on Nov. 30 its plan for cuts. The deal with non-OPEC states was reached in December. U.S. light crude was down 70 cents at $47.54 a barrel, also slipping toward a three-month low.

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2017, March, 22, 19:05:00

GAS PRICES: ABOVE $3,05

The NYMEX April natural gas contract continued to march higher Tuesday, climbing 5.2 cents to settle at $3.093/MMBtu on a tightening supply-demand balance characterized by strong LNG feedgas deliveries, March demand above year-ago levels and a 2.8 Bcf/d year-on-year dip in production.

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2017, March, 21, 19:05:00

OIL PRICES: OVER $52 AGAIN

Brent crude, the international benchmark for oil, was up 42 cents at $52.04 per barrel at 0907 GMT, rebounding from last week's three-month low of $50.25 but well below January's surge above $58 in the wake of the output cuts. U.S. West Texas Intermediate (WTI) crude rose 38 cents to $48.60.

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2017, March, 16, 19:05:00

OIL PRICES: OVER $52

West Texas Intermediate for April delivery rose as much as 76 cents to $49.62 a barrel on the New York Mercantile Exchange and was at $49.41 at 10:08 a.m. in London. Total volume traded was in line with the 100-day average. Prices climbed $1.14 to close at $48.86 on Wednesday after falling almost 11 percent the previous seven sessions. Brent for May settlement advanced as much as 84 cents, or 1.6 percent, to $52.65 a barrel on the London-based ICE Futures Europe exchange. Prices rose 89 cents to $51.81 on Wednesday. The global benchmark crude was at a premium of $2.48 to May WTI.

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2017, March, 14, 18:55:00

OIL PRICES: O'ER $51

U.S. West Texas Intermediate crude (WTI) CLc1 was down 7 cents at $48.33 a barrel, as of 0716 GMT. The contract ended down 9 cents in the previous session after touching its lowest since the end of November at $47.90. Brent crude futures LCOc1 gained 3 cents to $51.32 a barrel, having settled down 2 cents on Monday after dipping as low as $50.85.

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2017, March, 14, 18:45:00

OIL PRICE WAR

"It became evident that U.S. shale oil output has become and will remain a new global oil price regulator for the foreseeable future," Rosneft said.

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PRICES (116)
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