Analysis
2016, October, 18, 19:15:00
OIL PRICES: ABOVE $51 STILL
Brent crude LCOc1 was at $51.91 per barrel at 0655 GMT, up 39 cents, or 0.76 percent from the previous close.
U.S. West Texas Intermediate (WTI) crude CLc1 was up 40 cents, or 0.8 percent, at $50.34 a barrel.
2016, October, 18, 19:10:00
URALS: $45,72705
Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2016 года составила $45,72705 за баррель, или $333,8 за тонну. Согласно расчетам Минфина России экспортная пошлина на нефть в РФ с 1 ноября 2016 года повысится незначительно (на $0,8) и составит $92,7 за тонну.
2016, October, 18, 18:45:00
NORWAY'S OIL PRODUCTION DOWN 344 TBD
Preliminary production figures for September 2016 show an average daily production of 1 591 000 barrels of oil, NGL and condensate, which is a decrease of 344 000 barrels per day (approx. 18 percent) compared to August.
2016, October, 18, 18:35:00
U.S. OIL PRODUCTION DOWN 30 TBD
USA oil production down 30 tbd, gas production down 178 mcfd.
2016, October, 18, 18:30:00
U.S. RIGS UP 15
USA Rig Count is down 248 rigs from last year's count of 787, with oil rigs down 163, gas rigs down 87, and miscellaneous rigs up 2.
Canadian Rig Count is down 16 rigs from last year's count of 181, with oil rigs up 14, and gas rigs down 30.
2016, October, 14, 18:55:00
OIL PRICES FORECAST: $43 - $51
Brent crude oil prices are forecast to average $43/barrel (b) in 2016 and $51/b in 2017. West Texas Intermediate (WTI) crude oil prices are forecast to average about $1/b less than Brent in 2016 and in 2017. The current values of futures and options contracts suggest high uncertainty in the price outlook. NYMEX contract values for January 2017 delivery traded during the five-day period ending October 6 suggest a price range from $37/b to $68/b encompasses the market expectation of WTI prices in January 2017.
2016, October, 14, 18:50:00
WORLD OIL DEMAND WILL UP BY 1.15 MBD
World oil demand in 2016 is seen increasing by 1.24 mb/d to average 94.40 mb/d. Positive revisions were primarily a result of higher-than-expected demand in the Other Asia region, while downward revisions were a result of lower-than-expected performance from OECD America. In 2017, world oil demand is anticipated to rise by 1.15 mb/d, to average 95.56 mb/d.
2016, October, 14, 18:40:00
AUSTRALIAN LNG: 25 MLN MT
The three facilities have the combined capacity to supply 25mn mt/yr of LNG –equal to about 8% of the world’s production, Bechtel said October 11.
2016, October, 14, 18:35:00
U.S. OIL WELLS UNCHANGED
API announced today that estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of 3.7%, which follows an average of 17.3% in quarterly declines for the past year and a half.
2016, October, 13, 18:55:00
OIL PRICES: ABOVE $51
Brent crude, the global oil benchmark, rose 0.2% to $51.91 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.1% at $50.21 a barrel.
2016, October, 13, 18:45:00
CHINA OIL IMPORTS UP
The world’s biggest energy user imported 33.06 million metric tons of crude in September, according to data released by the General Administration of Customs on Thursday. That’s about 8.08 million barrels a day. China’s net fuel exports were at 2.37 million tons last month, near the record 2.49 million in July.
2016, October, 13, 18:40:00
GAZPROM TO AUSTRIA: UP 23.8%
In 2015, Russian gas exports to Austria rose 11.5 per cent versus 2014. From January 1 through October 10, 2016, Russian gas supplies to Austria totaled 4.18 billion cubic meters, which was 23.8 per cent higher than in the same period of 2015.
2016, October, 11, 18:50:00
OIL PRICES: ABOVE $52 STILL
December Brent crude oil futures LCOc1 were down 42 cents at $52.72 a barrel by 1100 GMT, below Monday's one-year high at $53.73, but off an intraday low at $52.51, while U.S. futures CLc1 were down 43 cents at $50.92 a barrel.
2016, October, 11, 18:30:00
OIL PRICES: REDUCING THE ODDS
"Higher production from Libya, Nigeria and Iraq are reducing the odds of such a deal rebalancing the oil market in 2017," Goldman analysts said.
2016, October, 10, 18:50:00
OIL PRICES: ABOVE $52 AGAIN
Global benchmark Brent crude futures LCOc1 reached a high of $52.57 a barrel, not far off a one-year high of $52.86 a barrel, by 1207, up 64 cents on Friday's close.
U.S. futures CLc1 also gained ground, trading at $50.32, up 51 cents.