Oil
![Oil](/cache/2015/08/IRAN-6.4fee0008.jpg)
2015, August, 14, 18:20:00
OIL FROM IRAN
On July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United States and European Union nuclear-related sanctions (which include some oil-related sanctions). If the agreement is implemented and sanctions relief occurs, it will put additional Iranian oil supplies on a global market that has already seen oil inventories rise significantly over the past year.
![Oil](/cache/2015/08/GAZPROM-14.f35b435f.jpg)
2015, August, 14, 18:10:00
GAZPROM UP 28%
Net profit for the reporting period attributable to the shareholders of Gazprom Neft rose by 28.3% year-on-year to 112.4 RUB bln.
![Oil](/cache/2015/08/OIL-33.988300c4.jpg)
2015, August, 13, 18:30:00
GLOBAL OIL BALANCE 2015 - 16
Global liquids production continues to outpace consumption, leading to strong inventory builds throughout the forecast period. Global oil inventory builds in the second quarter of 2015 averaged 2.7 million b/d, rising by 0.8 million b/d compared with the first quarter of the year. The pace of inventory builds is expected to slow in the second half of the year, to roughly 1.8 million b/d. In 2016, inventory builds are expected to slow to an average of 0.9 million b/d.
![Oil](/cache/2015/08/OIL-26.5eac55ae.png)
2015, August, 13, 18:25:00
OIL PRICES 2015 - 16
North Sea Brent crude oil prices will average $54 per barrel (b) in 2015 and $59/b in 2016.
![Oil](/cache/2015/08/OIL-38.f78349d5.jpg)
2015, August, 13, 18:20:00
OIL DEMAND UP
Demand for oil is increasing at its fastest pace in five years, boosted by an oil-price drop below $50 a barrel, a top energy watchdog said Wednesday, as it sharply upgraded its consumption-growth forecast for the commodity.
![Oil](/cache/2015/08/OIL-35.3c70c796.jpg)
2015, August, 13, 18:15:00
USA OIL 2015 - 16
U.S. crude oil production is projected to increase from an average of 8.7 million b/d in 2014 to 9.4 million b/d in 2015 and then decrease to 9.0 million b/d in 2016. The forecast is about 0.1 million b/d lower and 0.4 million b/d lower for 2015 and 2016. The decrease in the crude oil production forecast reflects a lower oil price outlook that will reduce expected oil-directed rig counts and drilling and well-completion activities throughout the forecast period.
![Oil](/cache/2015/08/OIL-37.63689734.jpg)
2015, August, 13, 18:10:00
USA OIL DOWN $15 BLN
Ten of the largest independent oil and gas producers in the United States reported total losses of almost $15 billion between April and June, compared with profits of almost $3.5 billion a year earlier.
![Oil](/cache/2015/08/ROSNEFT-7.700c3b36.jpg)
2015, August, 13, 18:05:00
ROSNEFT INCREASED DRILLING 27%
Rosneft increased technical drilling volumes at the Company’s production assets by 27% in 7 months of 2015. Based on the January through July 2015 results the overall drilling progress accounted to 4.585 mln m, whilst during the same period of 2014 the figure was 3.605 mln m.
![Oil](/cache/2015/08/OIL-23.3caf09e8.jpg)
2015, August, 11, 18:30:00
OIL PRICES: UNCHANGED
Crude oil prices will be mostly unchanged in the second half of 2015 and rise slowly in 2016
![Oil](/cache/2015/08/southchinasea-2.d7913a51.gif)
2015, August, 11, 18:25:00
THE NEXT OIL WAR - 3
The Spratly Islands- at the heart of the dispute- are a collection of 750 islands, reefs, cays and atolls in the South China Sea. The region is rich in extensive natural gas and oil reserves and is recognized for the fishing opportunities it offers. The islands enjoy a strategic location in Northeast Asia’s most prominent maritime commerce routes; the waterway facilitates international sea-borne trade worth $5 trillion every year.
![Oil](/cache/2015/08/OIL-24.2f39e7b9.jpg)
2015, August, 11, 18:20:00
USA OIL DOWN 93,000
Crude oil production in September from seven major US shale plays is expected to decline 93,000 b/d to 5.27 million b/d
![Oil](/cache/2015/08/CONOCO-1.2e4bf2e4.jpg)
2015, August, 11, 18:10:00
CONOCO SELLS INDONESIA
U.S. oil and gas company ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production sharing block it operates in the Natuna Sea, company and government sources said.
![Oil](/cache/2015/08/AFRICA-2.7e529961.jpg)
2015, August, 11, 18:05:00
OIL PRICES: UP TO AFRICA
As at the end of 2014, Africa has proven natural gas reserves of just under 500 trillion cubic feet (Tcf) with 90% of the continent’s annual natural gas production still coming from Nigeria, Libya, Algeria and Egypt.
![Oil](/cache/2015/08/USA-36.3cc87fde.jpg)
2015, August, 10, 18:30:00
2Q2015 USA LOOSES
During the quarter, Apache closed the sales of its LNG business, and remaining oil and gas assets in Australia . “Exiting these businesses eliminated our exposure to projects with large capital-spending commitments and uncertain project timing,” said John J. Christmann IV, Apache chief executive officer.
![Oil](/cache/2015/08/USA-199.328f9600.jpg)
2015, August, 9, 18:25:00
USA RIGS UP 10
U.S. Rig Count is up 10 rigs from last week to 884, with oil rigs up 6 to 670, gas rigs up 4 to 213, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 1,024 rigs from last year at 1,908, with oil rigs down 918, gas rigs down 103, and miscellaneous rigs down 3.
The U.S. Offshore rig count is 38, up 4 rigs from last week, and down 24 rigs year over year.