RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2017-07-03 14:00:00

OIL PRICE: ABOVE $48 AGAIN

ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48

BRENT OIL PRICE JULY 03 2017

WTI OIL PRICE JULY 03 2017

REUTERS, BLOOMBERG, OILPRICE -  Oil markets edged up on Monday, lifted by the first fall in U.S. drilling activity in months, although price gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures had climbed 13 cents, or 0.3 percent, to $48.90 per barrel by 0643 GMT, after jumping 5.2 percent last week in their first weekly gain in six weeks.

U.S. West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.4 percent, to $46.21 per barrel, adding to last week's 7-percent gain.

U.S. prices were lifted as drilling activity in the United States for new oil production fell for the first time since January, dropping by two rigs.

Futures brokerage AxiTrader said on Monday that this was "the first crack in the resolve of U.S. shale oil to continue to ramp up production regardless of the big fall in price" earlier this year.

Despite the dip in U.S. drilling activity, the total rig count was still more than double the 341 rigs in the same week a year ago, according to energy services firm Baker Hughes Inc.

However, traders said that WTI prices were also being supported by expectations of strong gasoline consumption on the July 4 holiday in the United States.

Globally, oil markets remain oversupplied as output from within the Organization of the Petroleum Exporting Countries (OPEC) hit a 2017 high.

June OPEC production was up by 280,000 barrels per day (bpd) to 32.72 million bpd, according to a Reuters survey, despite the group's pledge to hold back output in an effort to tighten the market.

"To put that in context, that is nearly a quarter of the 1.2 million barrels (per day) OPEC agreed to cut," said Greg McKenna, chief market strategist at AxiTrader, adding this increase was driven by higher output from Nigeria and Libya, which were exempted from the cuts.

BRENT OIL PRICES JULY 2016 - JULY 2017

WTI OIL PRICES JULY 2016 - JULY 2017

BRENT OIL PRICES JULY 2012 - JULY 2017

WTI OIL PRICES JULY 2012 - JULY 2017

-----

Earlier: 

WEEKLY OIL GAS PRICES UP 

EU GAS PRICES DOWN 

MORE MONEY FOR OPEC 

OIL PRICE: ABOVE $46 YET 

MODEST OIL GAS PRICES 

GAS PRICE: ABOVE $3.03 

OIL PRICE: ABOVE $46 ANEW

 

 

Tags: НЕФТЬ, ЦЕНА, OIL, PRICE, BRENT, WTI
Chronicle:
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:54:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:53:00
PIPELINES GREEN TRENDS TO BE DISCUSSED AT TOGC CONGRESS
Carbon-neutral energy market in Europe requires O&G majors’ attention because it remains one of the most influencing market topics of the XXI century. The Transportation Oil and Gas Congress 2022 (TOGC 2022) gives pipeline industry representatives an opportunity to discuss development trends on 21-22, February, 2022.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:52:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:51:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:50:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:49:00
SWEDISH NUCLEAR HYDROGEN
OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.
ЦЕНА НЕФТИ: СНОВА ВЫШЕ $48
2022, January, 21, 10:45:00
SAUDI ARABIA'S HYDROGEN
Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative
All Publications »