All publications by tag «OIL»
2015, January, 18, 13:55:00
KUWAIT: $155 BLN INTO PROJECTS
Kuwait’s government on Sunday announced plans to spend $155bn on projects over the next five years despite the current slump of oil prices
2015, January, 18, 13:45:00
OIL PRICES: HIGHER MARGINS
Current market conditions might turn out to be positive for the industry in the long run also for another reason. Low prices are expected to bring along helpful rationalisation measures, which will have a positive impact on the bottom line.
2015, January, 18, 13:40:00
GAZPROM RECEIVES ARCTIC SHELF
Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.
2015, January, 18, 13:35:00
VENEZUELA & RUSSIA AGREE
Venezuela and Russia have reached an agreement to step up investment and participation of Russian companies in development of Orinoco Belt oil reserves and other projects
2015, January, 17, 22:15:00
OIL PRICE EXPECTATIONS
The growing uncertainty surrounding oil prices presents a major challenge to all price forecasts. EIA's January Short-Term Energy Outlook (STEO), released yesterday, forecasts Brent crude oil prices averaging $58/bbl in 2015 and $75/bbl in 2016, with annual average WTI prices expected to be $3/bbl to $4/bbl below Brent.
2015, January, 17, 22:10:00
CHINA: GDP UP TO 7.3%
China's economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank's monetary policy committee as saying on Saturday.
2015, January, 17, 22:05:00
U.S. OIL CRACH
Any lingering doubt about the depth of the crisis facing the U.S. energy industry is quickly evaporating as even the biggest firms slash spending amid the steepest oil price crash since the recession, sending ripples across the vast sector.
2015, January, 17, 21:55:00
OIL PRICES AGAINST GROWTH
Global equity markets rebounded, with U.S. stocks capping five straight sessions of losses. European shares rose on growing expectations of economic stimulus from the European Central Bank.
2015, January, 17, 21:50:00
OPEC: OIL DEMAND IS GROWING
In 2015, world oil demand is anticipated to rise by 1.15 mb/d, following an upward revision of 30 tb/d due to expectations of higher oil requirements in OECD America and Other Asia.
2015, January, 17, 21:45:00
NORWAY: NO CRISIS
Norway’s oil revenues have been hit hard by a 50% drop in prices over the past six months and oil companies operating in Norway are set to reduce their capital expenditure by 15% on the year in 2015