Oil
![Oil](/cache/2015/10/USA-83.2455868b.jpg)
2015, October, 27, 19:05:00
CHINA BUYS U.S.:$1.3 BLN
A Chinese holding company signed a letter of intent to purchase oil and gas assets in the Permian basin of West Texas for $1.3 billion through a limited liability partnership.
![Oil](/cache/2015/10/IRAN-45.0dac81a6.jpg)
2015, October, 25, 18:40:00
RUSSIA & IRAN TIES
Russian Energy Minister Alexander Novak said on Friday Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration.
![Oil](/cache/2015/10/SAUDI-19.226576b2.jpg)
2015, October, 25, 18:35:00
SAUDI DROPPED PRICES
“Saudi Arabia actually triggered the price drop when it decided to defend its market share. The number of shale oil wells in North America has declined ever since, and probably won’t start to increase until the price hits $60[/bbl],”
![Oil](/cache/2015/10/USA-228.5b3b252e.jpg)
2015, October, 25, 18:25:00
U.S. RIGS UNCHANGED
U.S. Rig Count is unchanged from last week at 787, with oil rigs down 1 to 594, and gas rigs up 1 to 193.
![Oil](/cache/2015/10/ROSNEFT-16.5965354c.jpg)
2015, October, 25, 18:15:00
ROSNEFT CAN OFFER $100 BLN
In our view, Rosneft alone can offer European partners to participate in the projects for the amount of about $100 bln., the Head of Rosneft said.
«The scale of Rosneft investment program assumes one of the world's largest anchor orders for engineering industry and chemical industry products, in the first place – about 4.6 bln. euro annually, pointed out Igor Sechin. – Аnd Rosneft aggregate demand for materials in 2016-2018 will amount to € 15.9 bln.».
![Oil](/cache/2015/10/OPEC-20.ea15072c.jpg)
2015, October, 21, 20:50:00
OPEC CRUSHES U.S.
The plan appears to be working. Oil remains 33 percent lower than when OPEC revealed its strategy on Nov. 27, trading for $48.38 a barrel at 10:13 a.m. in London Wednesday. U.S. crude production has retreated about 500,000 barrels a day from the three-decade peak reached in June to 9.1 million a day in the week to Oct. 9, according to data from the Energy Information Administration.
![Oil](/cache/2015/10/OPEC-19.feea970c.jpg)
2015, October, 21, 20:45:00
OPEC REJECTION
Russia, Kazakhstan and Azerbaijan all have safety cushions of income from oil and gas to help in the hard times of benchmark Brent crude under $50 a barrel.
![Oil](/cache/2015/10/OIL-103.a69b50d2.jpg)
2015, October, 21, 20:40:00
RUSSIA UP, SAUDI DOWN
Russia supplied a record amount of crude oil to China in September, surpassing Saudi Arabia for the second time as the top seller to the Asian giant, customs data showed, boosted by demand from independent refiners.
![Oil](/cache/2015/10/USA-82.7ca4167d.jpg)
2015, October, 20, 19:25:00
U.S. ARCTIC DECISION
The API Director of Upstream Erik Milito released the following statement regarding the Obama administration’s decision to deny Arctic offshore development extension requests and scheduled 2016 and 2017 Arctic lease sales
![Oil](/cache/2015/10/SAUDI-18.ae997f96.jpg)
2015, October, 20, 19:20:00
SAUDI'S OIL DOWN 278,000 BPD
Saudi Arabia's crude oil exports fell by 278,000 barrels per day in August, despite historically high wellhead production, while volumes of shipped refined oil products rose to a record high, official data showed on Sunday.
![Oil](/cache/2015/10/INDIA-3.6ffcd177.jpg)
2015, October, 20, 19:10:00
INDIAN INVESTMENTS: $10 BLN
The foreign investment arm of India's top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.
![Oil](/cache/2015/10/OIL-102.e70ed71a.jpg)
2015, October, 20, 19:05:00
VITOL SEES $60
Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return of Iranian and maybe even Libyan barrels.
![Oil](/cache/2015/10/OIL-18.13df1ad6.jpg)
2015, October, 19, 19:35:00
OIL DEMAND GROWTH
"The fourth-quarter oil demand will be mainly boosted by heating oil demand in Asia. And in 2016, North America and Asia will continue to drive the global oil demand growth," the country's third-largest refiner said in an earnings statement.
![Oil](/cache/2015/10/OIL-101.de890d6f.jpg)
2015, October, 19, 19:30:00
OIL CUTS MORE JOBS
Two of the biggest independent oil explorers in the North Sea have predicted a further 10,000 jobs will be lost from the sector, indicating a growing acceptance that oil prices are stuck in a prolonged slump.
![Oil](/cache/2015/10/Norway-7.7c573b74.jpg)
2015, October, 19, 19:25:00
NORWAY: OIL UP, INVESTMENT DOWN
Norwegian petroleum and other liquids production, which had been declining since 2001, increased in 2014 and will likely continue increasing in 2015. The production growth in 2014 was mainly the result of new fields coming online, but also included a small increase in output from existing fields. Production has continued to grow in the first half of 2015 and is expected to remain relatively stable over the next few years as growth from new fields balances declines from older fields.