Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-01-06 12:55:00

OIL PRICES: BELOW $50

OIL PRICES: BELOW $50

Oil extended losses below $50 a barrel amid speculation that U.S. crude inventories will expand, exacerbating a global supply glut that's driven prices to the lowest level since April 2009.

Futures fell as much as 1.4 percent in New York, declining for a fourth day. Stockpiles in the world's biggest oil consumer probably rose by 750,000 barrels last week, a Bloomberg News survey shows. A gauge of the dollar held near a nine-year high, diminishing the investment appeal of commodities, as the Federal Reserve weighs raising interest rates and amid concern that Greece will leave the European Union.

Oil slumped almost 50 percent in 2014, the most since the 2008 financial crisis, after the Organization of Petroleum Exporting Countries resisted calls to cut output as they compete with U.S. producers. The market faces "more problems" this year, according to Morgan Stanley, with surging exports from countries including Russia and Iraq contributing to a surplus that Qatar estimates at 2 million barrels a day.

"No one is willing to cut supplies while the strong dollar is playing a negative role with uncertainties growing in Europe," Will Yun, an analyst at Hyundai Futures Corp. in Seoul, said by phone today. "Even if prices fall below $40, the market may not be too surprised."

West Texas Intermediate for February delivery dropped as much as 72 cents to $49.32 a barrel in electronic trading on the New York Mercantile Exchange and was at $49.57 at 4 p.m. Singapore time. The contract slid $2.65 to $50.04 yesterday, the lowest close since April 28, 2009. The volume of all futures traded was about 40 percent above the 100-day average.

U.S. Stockpiles

Brent for February settlement decreased as much as 83 cents, or 1.6 percent, to $52.28 a barrel on the London-based ICE Futures Europe exchange. It lost $3.31, or 5.9 percent, to $53.11 yesterday, the lowest since May 1, 2009. The European benchmark crude traded at a premium of $3.05 to WTI today.

U.S. crude inventories probably increased to 386.2 million barrels in the week ended Jan. 2, according to the median estimate in the Bloomberg survey of eight analysts before a report from the Energy Information Administration tomorrow.

Distillate stockpiles, including heating oil and diesel, are projected to have gained by 2.13 million barrels, the survey shows, while gasoline supplies may have climbed 4.5 million.

The euro was steady after weakening against the dollar yesterday amid speculation the European Central Bank has moved closer to large-scale sovereign-bond purchases. Greece began an election campaign that Prime Minister Antonis Samaras said may lead to an exit from the euro region should the opposition Syriza party win.

Saudi Discount

Saudi Arabia, the world's largest oil exporter, raised prices for shipping crude to Asia in February. Its main Arab Light grade will sell for $1.40 a barrel below the average of Middle East benchmark Oman and Dubai grades, according to an e-mailed statement yesterday.

Last month, state-owned Saudi Arabian Oil Co. offered a $2 discount for Arab Light exports, the steepest in at least 14 years. The move was followed by Iraq, Kuwait and Iran, bolstering speculation that OPEC's Middle East producers were prepared to let prices fall to defend market share amid the North American shale boom.

U.S. output climbed to 9.14 million barrels a day through Dec. 12, the highest in weekly data that started in January 1983, according to the EIA. OPEC's 12 members, which supplies about 40 percent of the world's oil, pumped 30.56 million a day in November, exceeding their collective target of 30 million for a seventh straight month, a separate Bloomberg survey of companies, producers and analysts shows.

Libyan Conflict

Production may expand from fields in West Africa, Latin America, the U.S. and Canada in addition to increased supplies from Russia and Iraq, Morgan Stanley said in an e-mailed report yesterday. Iran may boost overseas exports by about 500,000 barrels a day if western sanctions are lifted, the bank said.

In Libya, a Greek-operated oil tanker was bombed near a port in the east after it failed to provide details of its itinerary, said Ahmad al-Mismari, a spokesman for the military. The air strike killed two sailors, underscoring a rising threat to shipments from the OPEC nation where violence is escalating.

bloomberg.com

Tags: U.S., SAUDI, OIL, PRICES, OPEC,
OIL PRICES: BELOW $50 October, 19, 11:30:00

ТРАГЕДИЯ В КЕРЧИ

OIL PRICES: BELOW $50 October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

OIL PRICES: BELOW $50 October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

OIL PRICES: BELOW $50 October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

OIL PRICES: BELOW $50 October, 19, 11:10:00

RUSSIAN YAMAL LNG

OIL PRICES: BELOW $50 October, 19, 11:05:00

EXXON'S LNG FOR CHINA

All Publications »

Chronicle:

OIL PRICES: BELOW $50
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

OIL PRICES: BELOW $50
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

OIL PRICES: BELOW $50
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

OIL PRICES: BELOW $50
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

All Publications »