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!

2018-12-17 10:50:00

OIL PRICE: NEAR $60

OIL PRICE: NEAR $60

PLATTSCrude oil futures were largely stable during mid-morning trade in Asia as markets digested some supply side news emerging from the US and Oman while waiting for fresh price cues.

At 10:30 am Singapore time (0250 GMT), February ICE Brent crude futures inched down 4 cents/b (0.07%) from Friday's settle to $60.24/b, while the NYMEX January light sweet crude contract rose 5 cents/b (0.1%) to $51.25/b.

Baker Hughes in its weekly rig count data report released Friday showed that the number of active US oil rigs for the week ended December 14 were down four to 873. The total active U.S. rig count, which includes oil and natural-gas rigs, was also down by four at 1,071, the data showed.

According to data released by S&P Global Analytics on Thursday, the number of total active oil and natural gas rigs fell by seven to 1,172 for the week ended December 14.

"Even a fall in the rig count couldn't dispel these concerns, " ANZ analysts said in a note on Monday, referring to overall market concerns about oversupply and poor economic growth.

Meanwhile, crude production in Oman reached a two-year high for the second consecutive month in November, averaging at 1 million b/d, up from 995,300 b/ in October, according to data released by the oil ministry on Sunday.

The data arrives as Oman, part of the OPEC-Non-OPEC coalition, agrees to cut global supply in a bid to claw back prices which have dropped substantially this year as a result of rising supply and slower-than-expected demand growth.

Elsewhere, risk sentiment related to trade tensions between the US and China improved, as Unipec, China's biggest importer of US crude, will resume imports of US crude "very soon", a senior executive told Platts late last week.

Although the 90-day trade war truce was announced by the Trump administration at the beginning of December, the Chinese government has yet to finalize the specifics with the respective State Owned Enterprises in charge of different commodities.

As of 0230 GMT, the US Dollar Index was unchanged at 97.47.

 

-----

Earlier: 

Prices
2018, December, 14, 09:25:00

OIL PRICE: NEAR $61 TOO

REUTERS - Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $52.47 per barrel, down 11 cents, or 0.2 percent, from their last settlement.

 

Prices
2018, December, 14, 09:10:00

2019: WORLD OIL DEMAND UP BY 1.29 MBD

OPEC - In 2019, world oil demand is anticipated to rise by 1.29 mb/d. As a result, total world oil demand is anticipated to reach 100.08 mb/d. Oil demand growth is projected to originate from Other Asia, led by India, followed China, then OECD Americas. OECD countries will rise by 0.25 mb/d, while non-OECD countries will drive oil demand growth by adding an estimated 1.04 mb/d in 2019.

 

 

Prices
2018, December, 12, 09:15:00

OIL PRICE: NEAR $61 YET

REUTERS - International Brent crude oil futures LCOc1 were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.22 per barrel, up 57 cents, or 1.1 percent.

 

 АЛЕКСАНДР НОВАК В ИНТЕРВЬЮ CNN: “НАШИ РЕШЕНИЯ ОСНОВАНЫ НА ФУНДАМЕНТАЛЬНЫХ ФАКТОРАХ РЫНКА”
2018, December, 11, 14:38:10

АЛЕКСАНДР НОВАК В ИНТЕРВЬЮ CNN: “НАШИ РЕШЕНИЯ ОСНОВАНЫ НА ФУНДАМЕНТАЛЬНЫХ ФАКТОРАХ РЫНКА”

МИНЭНЕРГО РОССИИ - Как отметил Александр Новак, принятое решение о снижении суммарной добычи на 1,2 млн барр./сутки отражает ожидания рынка накануне встречи стран ОПЕК и не ОПЕК. As noted by Alexander Novak, the decision to reduce the total production by 1.2 million barrels per day reflects the market expectations on the eve of the meeting of OPEC and non-OPEC countries.

Prices
2018, December, 10, 08:55:00

OIL PRODUCTION DOWN 1.2 MBD

OPEC - Accordingly, the 5th OPEC and non-OPEC Ministerial Meeting, following deliberations on the immediate oil market prospects and in view of a growing imbalance between global oil supply and demand in 2019, hereby decided to adjust the overall production by 1.2 mb/d, effective as of January 2019 for an initial period of six months. The contributions from OPEC and the voluntary contributions from non-OPEC participating countries of the ‘Declaration of Cooperation’ will correspond to 0.8 mb/d (2.5%), and 0.4 mb/d (2.0%), respectively.

АЛЕКСАНДР НОВАК: “МЫ ПРИВЕРЖЕНЫ ДОГОВОРЕННОСТЯМ, И РЫНОК ЭТО ЦЕНИТ”
2018, December, 10, 07:55:00

АЛЕКСАНДР НОВАК: “МЫ ПРИВЕРЖЕНЫ ДОГОВОРЕННОСТЯМ, И РЫНОК ЭТО ЦЕНИТ”

“Было принято решение с 1 января сократить суммарно добычу на 1,2 млн барр в сутки, из них 800 тыс. возьмут на себя страны ОПЕК. Россия также примет участие в этом. Для нас это означает, что по отношению к октябрю 2018 года мы должны будем сократить производство на 2% или 220 тыс баррелей, это будет происходить постепенно”, - подчеркнул Министр.

 

ALEXANDER NOVAK: “THE COOPERATION OF OPEC COUNTRIES + MUST CONTINUE”
2018, December, 10, 07:50:00

ALEXANDER NOVAK: “THE COOPERATION OF OPEC COUNTRIES + MUST CONTINUE”

Министр энергетики Российской Федерации Александр Новак в интервью телеканалу “Bloomberg”, которое состоялось по окончании 5-й Министерской встречи стран ОПЕК и не входящих в ОПЕК государств, рассказал о принятых решениях и их влиянии на рынок, разговоре с Министром нефти Ирана Бижаном Намдар Зангане накануне заседания, а также поделился прогнозами цен на нефть в будущем.

Tags: OIL, PRICE, BRENT, WTI,