2016-01-05 16:30:00
DRAMATIC U.S. OIL
In any assessment of the oil price crash, it is worth remembering Shakespeare's aphorism: "What's past is prologue".
In 2015, it appeared that the salient features of the US oil industry were: falling costs and rising productivity, which meant total output fell only gently from its April peak; continued investor support for capital raising (at least in the first half of the year); sluggish merger and acquisition activity; and a sharp rise in bankruptcies (but only a few with debts above $2bn). This prompted talk about the resilience of US shale oil, with some justification. Fears — or hopes — that shale production would rapidly dry up have turned out to be misplaced.
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Chronicle:
2021, January, 28, 12:50:00
U.S. OIL INVENTORIES DOWN 9.9 MB TO 476.7 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
2021, January, 28, 12:45:00
EUROPEAN INDEXES DOWN ANEW
The pan-European STOXX 600 fell 1.9%, turning negative for the year
2021, January, 28, 12:40:00
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2021, January, 28, 12:35:00
U.S. FEDERAL FUNDS RATE 0.0 - 0.25% ANEW
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
2021, January, 28, 12:30:00
POLAND'S NUCLEAR DEVELOPMENT
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2021, January, 28, 12:25:00
THE NEW CHINA'S PLATFORM
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OIL PRICE: BELOW $57
Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.