January 2016
![January 2016](/cache/2016/01/IRAN-32.4a2dd563.jpg)
2016, January, 21, 19:10:00
IRANIAN OIL & GAS
Iran is in a good position to deliver on its target to raise oil output by 500,000 b/d within six weeks and by a further 500,000 b/d six months after that.
![January 2016](/cache/2016/01/OIL-183.db407a4a.jpg)
2016, January, 21, 19:05:00
THE NEGATIVE OIL PRICE
Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday. It had previously posted a price of -$0.50. The crude is down from $13.50 a barrel a year ago and $47.60 in January 2014.
![January 2016](/cache/2016/01/OIL-178.95226194.jpg)
2016, January, 19, 20:25:00
РОССИЯ: 534 МЛН. ТОНН НЕФТИ
«Мы планируем сохранить объем добычи нефти в 2016 году на уровне 2015 года. Наш прогноз - 533-534 млн тонн на этот год» - отметил Алексей Текслер. Первый замглавы ведомства добавил, что на прежнем уровне сохранятся и объемы экспорта: «Незначительное увеличение по отношению к 2015 году возможно за счет увеличения глубины внутренней переработки».
![January 2016](/cache/2016/01/OIL-182.0c72d444.jpg)
2016, January, 19, 20:20:00
OIL MARKET COULD DROWN
In a stark assessment of the oil market, the International Energy Agency warned of an oil overhang of at least 1m barrels a day for a third consecutive year in 2016.
![January 2016](/cache/2016/01/OIL-180.78df6686.jpg)
2016, January, 19, 20:15:00
OIL INVESTMENT'S COLLAPSE
The impact is not confined to the United States. Oil and gas projects around the world worth $380 billion have been postponed or canceled since 2014.
![January 2016](/cache/2016/01/OIL-179.afd1d8ab.jpg)
2016, January, 19, 20:10:00
OPEC SEES MORE
Demand for OPEC's oil will rise to an average 31.65 million b/d in 2016, from 29.90 million b/d in 2015, the producer group said in its latest monthly report.
![January 2016](/cache/2016/01/OIL-177.2ce6c7d7.jpg)
2016, January, 19, 20:05:00
PRICES TAKES SOME TIME
“I am optimistic about the future, the return of stability to the global oil markets, the improvement of prices and the cooperation among the major producing countries,” al-Naimi said. “Market forces as well as the cooperation among producing nations always lead to the restoration of stability. This, however, takes some time.”
![January 2016](/cache/2016/01/GAS-31.304bad24.jpg)
2016, January, 19, 20:00:00
GAS PRICES WILL UP
Although analysts are making cautious predictions in the short term, the EIA also indicates that prices in 2017 may be as high as $3.22/MMBtu, representing a major leap in prices for next year.
![January 2016](/cache/2016/01/OIL-325.0f7e6290.jpg)
2016, January, 17, 15:30:00
OIL PRICES: ABOVE $31
US light, sweet crude oil prices for February delivery gained modestly on the New York market Jan. 14, closing at above $31/bbl while Brent prices on the London market closed just above $31/bbl within days of both benchmarks briefly dipping under $30/bbl.
![January 2016](/cache/2016/01/IRAQ-27.f1b58d25.jpg)
2016, January, 17, 15:25:00
IRAQ OIL: 3.3 MBD
Iraq's exports from its southern region have been running at an average daily rate of 3.297 million barrels per day (bpd) so far this month, higher than December's average and unaffected by tribal clashes, an oil company executive said on Saturday.