2017, January, 13, 18:30:00RUSSIA - GEORGIA TRANSIT
The Georgian government has agreed with Gazprom proposals over gas transits via Georgia's territory and will sign a deal for 2017 and 2018, its energy minister Kakha Kaladze told reporters in Tbilisi. Gazprom Export will now pay a transit fee in cash, rather than in the form of gas supplies, as in the past.
2017, January, 12, 18:40:00OIL PRICES: ABOVE $55 ANEW
Brent crude LCOc1 was up 50 cents at $55.60 a barrel by 1050 GMT (5:50 a.m. ET). U.S. crude CLc1 was up 35 cents at $52.60.
2017, January, 12, 18:35:00WBG: 2017 - UNCERTAIN TIMES
The outlook is clouded by uncertainty about policy direction in major economies. A protracted period of uncertainty could prolong the slow growth in investment that is holding back low, middle, and high income countries.
2017, January, 12, 18:30:00IMPORTANT FOR RUSSIA
The end of the global commodity super-cycle, particularly the sharp drop in oil prices - Russia’s main export -caused the Russian economy to slip into recession, ushering in a period of difficult economic adjustment. Limited economic diversification and heavy reliance on oil have made Russia vulnerable to terms-of-trade shocks.
2017, January, 11, 19:15:00OIL PRICES: ABOVE $53 ANEW
Prices for Brent futures, the international benchmark for oil prices, were trading at $53.73 per barrel at 0508 GMT, up 9 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $50.97 a barrel, up 15 cents.
2017, January, 11, 19:10:00OIL PRICES FORECAST: $53 - $56
Brent crude oil prices are forecast to average $53/b in 2017 and $56/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $1/b less than Brent in both 2017 and 2018.
2017, January, 11, 19:05:00URALS: $41.9
Средняя цена нефти марки Urals в 2016 году составила $41,9 за баррель.
2017, January, 11, 19:00:00OIL INVESTMENTS UP
Global capital spending by leading exploration and production companies will total $450bn in 2017, up 3 per cent compared to 2016 and ending two years of steep declines, according to Wood Mac forecasts published on Wednesday. Meanwhile, the number of final investment decisions by these 60 E&P companies — which range from large multinationals and independents to national oil groups — on new upstream projects will double to more than 20 in 2017, from nine last year.
2017, January, 11, 18:55:00OIL JOBS UP
Oil companies are starting to hire back workers as they add rigs to the shale patch in North America to take advantage of oil prices above $50 a barrel. After unprecedented spending cuts over the past two years, explorers are forecast to boost capital expenditures by 7 percent this year.
2017, January, 11, 18:50:00RUSSIA - OPEC ALLIANCE
Russia and 10 other non-OPEC nations joined forces with the Organization of Petroleum Exporting Countries on Dec. 10 to end a global glut that’s crashed oil prices and shaken energy-rich economies. The pact — the first between the two sides in 15 years — involves a reduction of 558,000 barrels a day from non-OPEC countries starting in January.