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December 2016

December 2016
2016, December, 1, 18:45:00
OIL PRICES: ABOVE $52 AGAIN
U.S. crude oil CLc1 added to overnight gains of 9 percent to reach $50.00 a barrel for the first time since October. Brent crude LCOc1, which soared $4 overnight, touched a six-week peak of $52.73 a barrel.
December 2016
2016, December, 1, 18:40:00
РОССИЯ ПРИВЕТСТВУЕТ ОПЕК
Россия поэтапно снизит добычу нефти в первом полугодии 2017 года в объеме до 300 тыс. баррелей в сутки в сжатые сроки, исходя из своих технических возможностей.
December 2016
2016, December, 1, 18:35:00
OPEC WILL CUT 1.2 MBD
OPEC will reduce output by about 1.2 million barrels a day by January, the group said, fulfilling a plan sketched out in Algiers in September to cut its production to 32.5 million barrels. The agreement exempted Nigeria and Libya, but gave Iraq its first quotas since the 1990s. West Texas Intermediate crude futures rose 0.3 percent to $49.61 a barrel at 11:44 a.m. Singapore time after gaining 9.3 percent Wednesday, the biggest one-day gain since Feb. 12.
December 2016
2016, December, 1, 18:30:00
INDONESIA LEAVES OPEC
OPEC had proposed Indonesia cut oil production by about 37,000 barrels per day (bpd), or about 5 percent of its output, which would dent the already slipping oil rent in Southeast Asia's largest economy. Indonesia's Energy and Mineral Resources Minister Ignasius Jonan, who attended the Vienna meeting, said the only reduction Indonesia could accept was a cut of 5,000 bpd, which had been approved in the country's 2017 budget.