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Oil

Oil
2015, June, 3, 18:40:00

FAIR PRICE: $75 - 80

The top oil officials of Iraq and Venezuela said on Wednesday that $75 to $80 a barrel was now a "fair" price for oil, reflecting an emerging consensus on a possible equilibrium for volatile markets.

Oil
2015, May, 30, 21:25:00

THE NEXT OIL WAR

An increasingly assertive China has warned that World War 3 is "inevitable" unless the United States stops meddling in the South China Sea affairs. Earlier this week, the People's Liberation Army (PLA) said in a new white paper that it is going to up the ante in the South China Sea. In a sign of its growing self-confidence, Beijing said that it would now focus less on defensive capabilities, and step up efforts to build offensive capabilities.

Oil
2015, May, 29, 18:20:00

RUSSIA STRENGTHENS POSITION

The US and EU sanctions are primarily targeted at the country's oil industry, for very obvious reasons. Russia provides about 30% of Europe's gas, so it's simply not in the EU's interests to compromise Gazprom's ability to produce and export gas.

Oil
2015, May, 28, 19:00:00

RUSSIA & OPEC STRATEGY

OPEC, which controls a third of the global oil market, and Russia, which produces another 12 percent, are unlikely to reverse their output strategy.

Oil
2015, May, 28, 18:55:00

NORWAY & RUSSIA ARCTIC

Norway's previously long-standing cordial relations with Russia have deteriorated to the point that there is a real chance that simmering feelings could escalate, leading to a breakdown of cooperation in the oil and gas sector.

Oil
2015, May, 28, 18:50:00

NORWAY: MORE OIL

The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered. This is the result of the Norwegian Petroleum Directorate’s (NPD’s) review of the resource basis in a select number of fields and discoveries on the Norwegian shelf between 2005 and 2014.

Oil
2015, May, 28, 18:35:00

SWISS & RUSSIAN OIL

Through a series of deals with Rosneft, the Russian state-controlled oil company, Trafigura exported almost 9m barrels of crude in April, worth more than $500m, according to port data compiled by Nefte Compass, an industry publication.

Oil
2015, May, 28, 18:30:00

СОТРУДНИЧЕСТВО РОСНЕФТИ И PDVSA

Сотрудничество компании "Роснефть" с венесуэльскими партнерами носит характер надежного и стратегического партнерства, ориентированного на долгосрочное взаимодействие.

Oil
2015, May, 28, 18:25:00

INDONESIA NEED OIL

"Indonesian energy minister Sudirman Said met with Iran's oil minister Bijan Namdar Zangeneh last week. We [Indonesia and Iran] agreed on two things -- Indonesia to buy Iranian crude and Iran allows Indonesia to participate in upstream business there," Dadan Kusdiana, spokesman at the energy and mines ministry said Thursday.

Oil
2015, May, 28, 18:20:00

UK OIL & GAS REGULATOR

The UK's new Conservative government is planning an energy bill to set up the new Oil and Gas Authority with the powers it needs to become a "robust, independent and effective regulator"

Oil
2015, May, 28, 18:15:00

TOTAL FOR ANGOLA: 2 BLN BBL

Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.

Oil
2015, May, 28, 18:00:00

CNPC FINDS BIG OIL

China’s CNPC said Tuesday that it has made the country’s first ever tight oil discovery to exceed 100 million tons.

Oil
2015, May, 27, 18:30:00

SAUDI PRICE WAR

Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon

Oil
2015, May, 27, 18:25:00

OPEC OIL RISING

OPEC supply is expected to increase by 0.2-0.3 million barrels per day (bpd) between now and end-3Q2015, analysts of the US JP Morgan bank said in a report, obtained by Trend.

Oil
2015, May, 27, 18:20:00

NIGERIA'S BIG OIL

As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled to dismantle the state oil company he helped create.

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