Oil
2017, December, 15, 12:50:00
LUKOIL'S PLAN: $50
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
2017, December, 13, 12:40:00
OIL PRICE: ABOVE $64 YET
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.
U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
2017, December, 13, 12:30:00
OIL PRICE - 2018: $57
EIA - North Sea Brent crude oil spot prices averaged $63 per barrel (b) in November, an increase of $5/b from the average in October. EIA forecasts Brent spot prices to average $57/b in 2018, up from an average of $54/b in 2017.
2017, December, 13, 12:20:00
LETTERONE & BASF MERGER
LETTERONE - BASF and L1 Energy, the energy investment arm of LetterOne, announce their intention to merge their oil and gas subsidiaries.
2017, December, 13, 12:15:00
WBG: NO OIL&GAS FINANCE
WBG - The World Bank Group will no longer finance upstream oil and gas, after 2019.
2017, December, 11, 10:25:00
OIL PRICE: NOT ABOVE $64 YET
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $57.14 a barrel at 0418 GMT, down 22 cents, or 0.4 percent, from their last settlement. Brent crude futures LCOc1, the international benchmark for oil prices, were down 25 cents, or 0.4 percent, at $63.15 a barrel.
2017, December, 11, 10:10:00
RUSSIAN ARCTIC OIL
Russia has three oil export terminals on its Arctic coast. Shipments began from Lukoil PJSC's 240,000 barrel a day Varandey terminal in 2008. It now handles about 150,000 daily barrels from nearby fields. Gazprom Neft's Prirazlomnoye field produces approximately 80,000 barrels a day, with a target capacity of 130,000. The same company's 170,000 barrel a day Arctic Gate terminal started operations this year and exports about 150,000 barrels a day from the Novoportovskoye field. Crude from all three terminals is shipped in shuttle tankers to Murmansk, from where cargoes are sent on larger vessels to Europe.
2017, December, 11, 10:00:00
U.S. OIL INVENTORY DOWN BY 5.6 MBD
US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 5.6 million bbl for the week ended Dec. 1 compared with the previous week. The latest estimate is 448.1 million bbl, which puts oil supplies in the upper range for this time of year, the US Energy Information Administration said.
2017, December, 11, 09:55:00
SAUDIS OIL FOR JAPAN
REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
2017, December, 11, 09:40:00
OPEC WILL BACK BY 2040
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”
2017, December, 8, 17:50:00
OIL PRICE: NOT ABOVE $63 AGAIN
REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $56.58 a barrel at 0714 GMT, down 11 cents, or 0.2 percent from their last settlement.
Brent crude futures, the international benchmark for oil prices, were down 8 cents, or 0.1 percent, at $62.12 a barrel.
2017, December, 8, 17:40:00
ПРИОРИТЕТЫ ИРАКА И РОССИИ
МИНЭНЕРГО РОССИИ - Александр Новак подчеркнул, что одним из приоритетных направлений сотрудничества России и Ирака является кооперация в нефтегазовом секторе, где у стран много общих интересов и наработанного опыта.
2017, December, 8, 17:10:00
LIBYA - OPEC AGREEMENT
BLOOMBERG - With a fragile political accord barely holding the country together, Libya faces an array of challenges preventing its return to the output levels of about 1.6 million barrels a day pumped before the 2011 uprising against Muammar Qaddafi.
2017, December, 8, 17:00:00
WORLDWIDE RIG COUNT UP 379 TO 2,057
BAKER HUGHES, A GE - The worldwide rig count for November 2017 was 2,057, down 20 from the 2,077 counted in October 2017, and up 379 from the 1,678 counted in November 2016.
2017, December, 6, 12:35:00
OIL PRICE: NOT ABOVE $63
REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were down 6 cents at $62.80 a barrel as of 0751 GMT. U.S. West Texas Intermediate (WTI) crude futures were at $57.50 a barrel, down 22 cents.