All publications by tag «BARREL»
BP suffered a sharp slide in first-quarter profits, hit by the plunge in crude prices that has battered revenues across the oil industry.
Gulf stock markets may lose steam on Sunday after oil and global equities fell on Friday, although bets on positive fourth-quarter corporate results and dividends may support some stocks.
Crude lost another 11 per cent this week amid continuing worries about a supply surplus as demand slows, with the Brent benchmark falling below $50 a barrel.
Oil prices slid to the lowest point in more than five years Friday as worries about a global glut of oil continued to weigh on the market.
The recent sharp falls in the oil price require further adjustments to asset values around the world. Oil was in most people’s forecasts and commentaries at about $110 a barrel earlier this year, but is now selling for under $70.
Global energy demand is set to grow by 37% by 2040 in our central scenario, but the development path for a growing world population and economy is less energy-intensive than it used to be.
Global oil supply inched up by 35 000 barrels per day (35 kb/d) in October to 94.2 million barrels per day (mb/d)
Chevron sanctions Stampede offshore development project in the Gulf of Mexico
Light, Sweet Crude for December Delivery Rose 42 cents, to $81.42 a Barrel
The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014