Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-05-04 18:45:00

OIL PRICES: ABOVE $48

ЦЕНА НЕФТИ: ВЫШЕ $48

BRENT OIL PRICE MAY 04 2017 

WTI OIL PRICE MAY 04 2017  

REUTERS, BLOOMBERG -  Oil slid more than 4 percent on Thursday, to its lowest since late November as investor worries about a growing global glut of crude erased most of the gains that followed last year's OPEC's output cut.

The slide worsened after OPEC delegates said their group and other producing countries were downplayed the chance of a bigger output when the producers meet on May 25, even though they said the output cuts were likely to be extended.

U.S. crude CLc1 fell $2.05 or 4.3 percent to $45.77, by 12:08 p.m. Brent was down $2.07, or 4.1 percent to $48.71.

“The market continues to hunt for a bottom," said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut. "We’ve dropped to a five month low.”

Late last year, the Organization of the Petroleum Exporting Countries (OPEC), together with other key producers such as Russia and Oman, announced that they would cut oil output for the first six months of this year to reduce a vast global overhang of unused crude.

The pledge to remove 1.8 million barrels per day from the market sparked a 25-percent rally in the price, pushing Brent crude to 18-month highs.

But despite the OPEC action, McGillian said, "We still have a near record overhang and signs of increasing production in areas of the world outside the producers that agreed to the cuts."

Crude output has surged in the United States, with increasing rig counts for the past 11 months.

U.S. government data on Wednesday showed crude stocks USOILC=ECI fell 930,000 barrels in the week to April 28, while analysts had been expecting a drop of 2.3 million barrels. Stocks have steadily declined for the last four weeks, but at 527.8 million barrels they are just 7 million barrels off a record high.

Russia's Energy Minister, Alexander Novak, said in written comments on Thursday that his country is inclined to extend.

But the market continues to question whether continuing the 1.8 million bpd cut will be sufficient to reduce the glut significantly.

"At some point, the market should recognize OPEC isn't the most important player in the market any more," said Commerzbank's Eugen Weinberg, "That is non-OPEC, and, above all, U.S. shale."

BRENT OIL PRICES MAY 2016 - MAY 2017 WTI OIL PRICES MAY 2016 - MAY 2017 BRENT OIL PRICES MAY 2012 - MAY 2017 WTI OIL PRICES MAT 2012 - MAY 2017 

-----

Earlier: 

SAUDI CUTS PRICES 

OIL PROJECTS CUTTING 

OIL PRICES: ABOVE $51 ANEW 

OIL PRICES: ABOVE $51 AGAIN 

OIL PRICES FORECAST: $55 - $60

 

 

Tags: OIL, PRICES, BRENT, WTI, ЦЕНА, НЕФТЬ
ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 10:45:00

UNEXPECTED OIL PRICES

ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 10:40:00

OIL MARKET UNCERTAINTY

ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

ЦЕНА НЕФТИ: ВЫШЕ $48 September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

ЦЕНА НЕФТИ: ВЫШЕ $48
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

ЦЕНА НЕФТИ: ВЫШЕ $48
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

ЦЕНА НЕФТИ: ВЫШЕ $48
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

ЦЕНА НЕФТИ: ВЫШЕ $48
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »