September 2015
![September 2015](/cache/2015/09/SHELL-6.e4036b79.jpg)
2015, September, 14, 18:30:00
SHELL & BG RISKS
Investors’s fears that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group have been exaggerated, Shell’s chief executive has said.
![September 2015](/cache/2015/09/USA-60.cd1b5534.jpg)
2015, September, 14, 18:25:00
U.S. RIGS DOWN 16
U.S. Rig Count is down 16 rigs from last week to 848, with oil rigs down 10 to 652, gas rigs down 6 to 196, and miscellaneous rigs unchanged at 0.
![September 2015](/cache/2015/09/ROSNEFT-14.9262ec9f.jpg)
2015, September, 14, 18:20:00
ROSNEFT SELLS SIBERIA: $1.27 BLN
OAO Rosneft will sell a stake in one of its largest oil-producing projects to ONGC Videsh Ltd., the overseas-investment arm of India’s biggest explorer, for $1.27 billion, people familiar with the plan said.
![September 2015](/cache/2015/09/OIL-63.4235eb9d.jpg)
2015, September, 11, 19:00:00
2016: PRODUCTION CUTBACKS
The latest tumble in the price of oil, which hit a six-year low in August, is expected to cut non-OPEC supply in 2016 by nearly 0.5 million barrels per day (mb/d) – the biggest decline in more than two decades.
![September 2015](/cache/2015/09/CHINA-21.27961202.jpg)
2015, September, 11, 18:55:00
GLOBAL CHINA'S OIL
A derivatives contract would give the Shanghai International Energy Exchange, known as INE, a slice of an oil futures market worth trillions of dollars, offering a rival to London's Brent and U.S. West Texas Intermediate (WTI).
![September 2015](/cache/2015/09/USA-59.fbb26b7d.jpg)
2015, September, 11, 18:50:00
U.S. CHALLENGING TIMES
With U.S. crude oil prices 47% lower in first-half 2015 compared to first-half 2014, U.S. onshore companies experienced a significant reduction in cash flow from operations. Most companies responded by reducing capital expenditures.
![September 2015](/cache/2015/09/RUSSIA-29.cad296fe.jpg)
2015, September, 11, 18:45:00
NO CUT OIL
“Russia and OPEC have talked about cooperation in cutting production many times in the past, but the results of that were always dismal and disappointing,” said Nordine Ait-Laoussine, president of Geneva-based consultant Nalcosa and former energy minister of Algeria. “Russia has assumed that when oil prices go down, OPEC countries are in a weaker position and are more likely to be the first to cut its production, and they always did.”
![September 2015](/cache/2015/09/SAUDI-13.ae1de42e.jpg)
2015, September, 11, 18:40:00
SAUDI NO NEED
Top oil exporter Saudi Arabia sees no need to hold a summit of producing countries' heads of state if such discussions would fail to produce concrete action toward defending oil prices, sources familiar with the matter said on Thursday.
![September 2015](/cache/2015/09/GAS-20.dbe2419e.jpg)
2015, September, 11, 18:35:00
RUSSIAN GAS TEMPTS
LNG imports by 10 nations in the region that receive the tanker-delivered fuel dropped 3.4% from a year earlier in August, after reaching a two-year high in March, according to data from Genscape. Russian pipeline supplies soared about 20% from a year earlier in August, remaining at the highest level this year, tracking declining crude prices, according to data from Gazprom, the world’s biggest gas producer.
![September 2015](/cache/2015/09/OIL-61.d8fb144b.jpg)
2015, September, 10, 19:00:00
OIL PRICES: $54 IN 2015, $59 IN 2016
Brent crude oil prices will average $54/b in 2015 and $59/b in 2016. Forecast West Texas Intermediate (WTI) crude oil prices in 2015 and 2016 average $5/b lower than the Brent price. The current values of futures and options contracts for December 2015 delivery suggest the market expects WTI prices to range from $32/b to $73/b (at the 95% confidence interval) in December 2015.