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.

2015-06-12 20:55:00

OIL PRICES UP

OIL PRICES UP

The expected decrease in shale oil production this summer is causing oil prices to rise. According to the Drilling Productivity report released June 8 by the Energy Information Administration, the government is calling for a 91,000 less barrels per day of shale oil in July. Oil prices seemingly rebounded after the data was released. This news comes on the heels of a decline in oil prices on June 8 due to the Chinese oil crisis concerning oversupply and less demand.

Production efficiency is helping shale oil flow remain steady although there are fewer rigs drilling for oil than in the past. The expected decrease in production, including fewer new drilling explorations and spending cuts, has resulted in the commodity's prices rising more than 30 percent since experiencing lows in March.

Stall may alter price of gas

The discovery of U.S. shale oil supplies in the past few years not only helped the country's growth in output, but helped oil prices remain relatively low. Because of this, some traders are not happy with the EIA's call to slow production. Their concern is the price of oil; they believe that if production is curbed, cost will soar. Instead, they're suggesting continuing shale output at high levels, which would result in a flatline and steady prices of oil.

The boom in shale oil in the U.S. turned the country into the world's largest fuel exporter. The supply is now needed to rebalance the global inventory since the Organization of Petroleum Exporting Countries chose to maintain a higher level of production.

pennenergy.com

Tags: OIL, PRICES, U.S., SHALE

Chronicle:

OIL PRICES UP
2018, October, 17, 10:10:00

SAUDI - INDIA'S DOWNSTREAM

MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

OIL PRICES UP
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

OIL PRICES UP
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

OIL PRICES UP
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

All Publications »