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2015-02-07 16:35:00

OIL PRICES: CONTINUED TO DECLINE

OIL PRICES: CONTINUED TO DECLINE

Crude oil

  • Monthly average crude oil prices continued to decline during November. The average domestic crude oil first purchase price fell $7.76 (9.8 percent), to $71.07 per barrel.
  • The average free-on-board (f.o.b.) cost of imported crude oil dropped $6.04 (7.9 percent), to $70.80 per barrel. The average landed cost of foreign crude oil declined $7.35 (9.1 percent), to $73.48 per barrel.
  • The average refiner acquisition cost for domestic crude oil fell $9.65 (11.1 percent), to $77.08 per barrel. The average cost of imported crude oil…

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Tags: OIL, PRICES,

Chronicle:

OIL PRICES: CONTINUED TO DECLINE
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

OIL PRICES: CONTINUED TO DECLINE
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

OIL PRICES: CONTINUED TO DECLINE
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

OIL PRICES: CONTINUED TO DECLINE
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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