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2018-12-07 08:35:00

OIL PRICE: NEAR $60 YET

OIL PRICE: NEAR $60 YET

REUTERS -  Oil prices fell on Friday, pulled down by OPEC's decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.

International Brent crude oil futures LCOc1 fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down 25 cents, or 0.5 percent.

The declines came after crude slumped by almost 3 percent the previous day, with the Organisation of the Petroleum Exporting Countries (OPEC) ending a meeting at its headquarters in Vienna, Austria, on Thursday without announcing a decision to cut crude supply, instead preparing to debate the matter on Friday.

"OPEC has decided to meet Friday again...(as) Russia remains the sticking point," said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore.

Analysts still expect some form of supply reduction to be decided.

"We are beginning to witness the outline of the next iteration of production cuts, with OPEC conforming to cut its own production by around 1 million barrels per day, with the cartel lobbying non-OPEC members to contribute more," Japanese bank MUFG said in a note.

SUPPLY SURGE, PRICE PLUNGE

Oil producers have been hit by a 30-percent plunge in crude prices since October as supply surges just as the demand outlook weakens amid a global economic slowdown.

Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.

That increase alone is equivalent to the output of major OPEC producer the United Arab Emirates.

The surge is largely down to soaring U.S. crude oil production, which has jumped by 2.5 million bpd since early 2016 to a record 11.7 million bpd, making the United States the world's biggest oil producer.

As a result, the United States last week exported more crude oil and fuel than it imported for the first time on records going back to 1973, according to data released on Thursday.

 

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Earlier: 

Prices
2018, December, 5, 10:15:00

OIL PRICE: NEAR $61 AGAIN

REUTERS - International Brent crude oil futures LCOc1 were at $60.87 per barrel at 0508 GMT, down $1.21, or 2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.33 per barrel, down 92 cents, or 1.7 percent.

Prices
2018, December, 5, 10:10:00

ЦЕНА URALS: $ 70,92

МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – ноября 2018 года составила $ 70,92 за баррель. В 2017 году средняя цена на Urals в январе – ноябре составила $ 52,17 за баррель. Средняя цена на нефть марки Urals в ноябре 2018 года сложилась в размере $ 64,80 за баррель, что в 1,04 раза выше, чем в ноябре 2017 года ($61,97 за баррель)

 

Prices
2018, December, 3, 12:40:00

OIL PRICE: NEAR $62

REUTERS - Brent futures LCOc1 rose $2.40 to trade at $61.86 a barrel, while U.S. crude CLc1 gained $2.28 to $53.21, both on course to make their biggest daily gains in over two years.

 

 

Prices
2018, December, 3, 12:35:00

РОССИЙСКО - САУДОВСКАЯ ПЕРСПЕКТИВА

МИНЭНЕРГО РОССИИ - Как отметил по итогам переговоров глава Минэнерго России и сопредседатель Совместной межправительственной Российско-Саудовская комиссии по торгово-экономическому и научно-техническому сотрудничеству Александр Новак, товарооборот между Россией и Саудовской Аравией демонстрирует положительную динамику: в 2017 году он вырос на 86% до $915 млн.

 

Prices
2018, December, 3, 12:25:00

RUSSIAN OIL PRODUCTION 11.37 MBD

REUTERS - Russian oil output stood at 11.37 million barrels per day (bpd) in November, down from the post-Soviet record high of 11.41 million bpd that it reached in October, Energy Ministry data showed on Sunday.

 

 

Prices
2018, December, 3, 12:15:00

РОССИЙСКО - САУДОВСКАЯ ЭНЕРГЕТИКА

МИНЭНЕРГО РОССИИ - “Энергетика продолжает оставаться ключевой сферой двустороннего сотрудничества наших стран. Взаимодействие двух стран подкрепляется также и координацией действий на различных международных площадках, прежде всего — в формате “ОПЕК+”. Также востребованным направлением взаимодействия с Саудовской Аравией является сотрудничество в сфере поставок и обслуживания нефтегазового оборудования, а также в части совместных проектов на территории двух стран”, - подчеркнул Александр Новак.

 

Prices
2018, December, 3, 12:10:00

КОМФОРТНАЯ ЦЕНА НЕФТИ

МИНЭНЕРГО РОССИИ - На мой взгляд, текущий диапазон цен на нефть комфортен для производителей и потребителей. Скачок до 86 долларов носил краткосрочный характер, и был связан во многом с ажиотажем вокруг Ирана. Сейчас цены скорректировались, хотя неопределенность с Ираном сохраняется в некоторой степени. 

Tags: OIL, PRICE, BRENT, WTI,