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2016-08-08 19:20:00

PRICE'S TALKS: NO NEED

PRICE'S TALKS: NO NEED

 

OIL PRICES JUL - AUG 2016

 

OIL PRICES SEP 2015 - AUG 2016

 

According to BLOOMBERGRussia sees no need for renewing discussion of an oil-output freeze at current crude prices, while leaving open the possibility for the future, Energy Minister Alexander Novak told journalists in Moscow Monday.

"A basis for this has yet to develop, considering prices are still at more or less normal levels," Novak said. "If prices will fall then that necessity will most likely arise."

Russia, Saudi Arabia and other major oil exporters met in Doha in April in a bid to stabilize global markets by putting caps on output. The effort collapsed as Saudi Arabia demanded that rival Iran join the pact. At the time, Iran had ruled out any limits as it ramped up production after the lifting of international sanctions.

The Russian energy minister did not exclude the possibility that he could meet with his Saudi counterpart, Khalid Al-Falih, in Algiers next month.

Members of the Organization of Petroleum Exporting Countries intend to talk about oil markets and potential cooperation with other producing nations at the International Energy Forum in Algiers in September, but there are no specific plans to renew the freeze, according to two delegates from the group who asked not to be identified.

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Earlier: 

NEGATIVE RUSSIAN OIL 

RUSSIAN BONDS DOWN 

PRICES: PROGRESS WILL BE SLOW 

URALS: $38.68 

GLOBAL PROFITS & CASH FLOW DOWN

 

 

 

 

Tags: RUSSIA, OIL, PRICES,
PRICE'S TALKS: NO NEED October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

PRICE'S TALKS: NO NEED October, 15, 12:25:00

BAD BOYS: IMF & WBG

PRICE'S TALKS: NO NEED October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

PRICE'S TALKS: NO NEED October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

PRICE'S TALKS: NO NEED October, 15, 12:10:00

IRAN SANCTIONS DOWN

PRICE'S TALKS: NO NEED October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

All Publications »

Chronicle:

PRICE'S TALKS: NO NEED
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

PRICE'S TALKS: NO NEED
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

PRICE'S TALKS: NO NEED
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

PRICE'S TALKS: NO NEED
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

All Publications »