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2015-01-25 17:25:00

U.S. OIL ROSE

U.S. OIL ROSE

Total U.S. petroleum deliveries (a measure of demand) rose last month by 5.1 percent from December 2013 to average nearly 20.0 million barrels per day. For the fourth quarter, total domestic petroleum deliveries gained 2.9 percent compared to the same period in 2013.

"Even with a noticeable rise in demand, crude stocks ended higher last month than in any other December in the last 84 years," said API Chief Economist John Felmy. "Historically high production continues to be the driving factor."

Crude oil stocks rose 7.4 percent from last year to end at 383.5 million barrels – the highest inventory level for the…

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Tags: U.S., OIL,
Chronicle:
U.S. OIL ROSE
2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
U.S. OIL ROSE
2019, July, 12, 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
U.S. OIL ROSE
2019, July, 12, 07:40:00
LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
U.S. OIL ROSE
2019, July, 10, 12:55:00
OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
U.S. OIL ROSE
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
U.S. OIL ROSE
2019, July, 10, 12:45:00
IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.
U.S. OIL ROSE
2019, July, 10, 12:40:00
CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
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