Oil
2016, September, 29, 18:45:00
OPEC AGREED
"OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," said Iranian Oil Minister Bijan Zanganeh, who had repeatedly clashed with Saudi Arabia during previous meetings.
2016, September, 29, 18:40:00
SAUDI - IRAN COMPROMISE
While Tehran wants to set its production target at about 4.2 million barrels per day, Riyadh last week asked its regional rival to freeze its output at 3.6 million barrels per day in return for a production cut.
2016, September, 28, 19:00:00
OIL PRICES: $46 STILL
The November contract for global crude benchmark Brent was up 0.78% at $46.33 while its U.S. counterpart West Texas Intermediate gained 0.58% to hit $44.94.
2016, September, 28, 18:55:00
СТАБИЛИЗАЦИЯ МИРОВОГО РЫНКА
«Во втором полугодии цены будут колебаться между 40 и 50 долларов за баррель, в среднем по 2017 году мы ожидаем стоимость нефти в диапазоне 50-60 долларов», - сказал глава Минэнерго России.
2016, September, 28, 18:50:00
IRAN WANTS 13%
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.
2016, September, 28, 18:45:00
SAUDI NEEDS A GENTLE
“We need a gentle adjustment to reassure the market,” Mr. Falih said at a briefing where he was flanked by his Russian counterpart, Alexander Novak.
2016, September, 28, 18:40:00
NIGERIAN OIL FIRE
Shell says a fire has forced it to close a key oil pipeline feeding Nigeria's strategic Bonny Export Terminal, which militants attacked last week.
2016, September, 27, 18:45:00
OIL PRICES: OVER $46 AGAIN
U.S. West Texas Intermediate (WTI) crude had fallen 38 cents to $45.55 a barrel by 0103 GMT, after rising $1.45, or 3.3 percent, in the previous session.
Brent crude futures slipped 43 cents to $46.91 a barrel after closing up $1.46, or 3.2 percent.
2016, September, 27, 18:40:00
MARKET ISN'T FAVORITABLE
Speaking to Shana while departing Tehran for Algiers to attend the International Energy Forum (IEF) to be held Tuesday and Wednesday in Algiers, Zangeneh said the current market conditions are not favorable for crude oil producers and consumers in the mid- and long terms.
2016, September, 27, 18:35:00
SAUDI'S INVESTMENT: $334 BLN
"Saudi Aramco is forecast to spend around $334 billion. This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain (oil) potential projects, unconventional resources both in the exploration phase and development and several other projects,"
2016, September, 27, 18:30:00
HARD RUSSIAN OIL
Top Russian producer Rosneft expects the share of hard-to-recover oil production to rise to 11 percent of its total crude output by 2020, from 7 percent this year.
Gazprom Neft, the oil arm of state gas producer Gazprom, is raising its share of output of hard-to-recover oil by tapping more reserves at the Messoyakha project and other assets.
2016, September, 26, 19:10:00
OIL PRICES: OVER $46
Brent crude futures LCOc1 rose 73 cents to $46.62 a barrel by 1052 GMT, having rallied from a session low of $45.74, while U.S. crude prices CLc1 rose 54 cents to $45.02 a barrel.
2016, September, 26, 19:00:00
SAUDI NEEDS CONSENSUS
“The kingdom is looking for consensus among oil producers to reach a credible arrangement for stabilising oil markets,” a Saudi official said on Friday. “We are looking at different scenarios and options to reaching this goal.”
2016, September, 26, 18:55:00
RUSSIA NEEDS MONEY
Russia's oil taxes are already among the highest in the world.
2016, September, 23, 21:10:00
IRAQ WANT 5 MBD
Iraq, along with Saudi Arabia, Iran and Russia has increased output to historic highs over the past year to fight for market share with higher-cost producers such as the United States where production has been falling back due to low oil prices.