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Oil

Oil
2015, November, 27, 20:00:00
SAUDI INVESTMENT TO INDONESIA
"Indonesia is an important country for Saudi Arabia, a rising global economy, we would like to be a part of the growth of Indonesia," Saudi Aramco CEO Amin H Al-Nasser said at the signing of the initial agreement to upgrade the Cilacap refinery in Indonesia's Central Java province.
Oil
2015, November, 27, 19:55:00
RUSSIA & SAUDI COOPERATION
"We highly value our interaction within consultations on the situation in the oil market between OPEC and leading non-OPEC producers," Novak said.
Oil
2015, November, 26, 19:55:00
50 IRAN'S OIL&GAS PROJECTS
The government hopes international companies will commit at least $100 billion that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day.
Oil
2015, November, 26, 19:50:00
$15 BLN FOR ROSNEFT
Rosneft received advance payments for oil supplies worth more than $15bn in the third quarter — the first large-scale financing that the state-controlled Russian group has secured since western sanctions were imposed upon it.
Oil
2015, November, 26, 19:35:00
U.S. RIGS DOWN 13
U.S. Rig Count is down 13 rigs from last week to 744, with oil rigs down 9 to 555, and gas rigs down 4 to 189.
Oil
2015, November, 25, 20:00:00
OIL & GAS RISKS $2.2 TLN
Oil, natural gas and coal producers are risking $2.2 trillion by investing in projects for which there will be no demand if the world meets a United Nations target of limiting the rise in temperature to less than 2 degrees Celsius, a non-profit think tank said.
Oil
2015, November, 25, 19:55:00
OIL PRICE 2016: $50
The new budget rule should rely on mid-term crude oil price within $50 per barrel, Russia’s Finance Minister Anton Siluanov said on Tuesday.
Oil
2015, November, 25, 19:50:00
ROSNEFT RESULTS Q3 & 9M 2015
“Despite of challenging economic environment, the Company keeps improving its efficiency. This is demonstrated by keeping operating costs in rouble terms at sustainable level in conditions of 12.0% increase in industry prices. Preserving the cost base and efficient risk management contributed to an increase in profits for 9M 2015 compared to 9M 2014 despite oil price drop. The Company achieved a structural improvement in the credit profile, while the debt burden was reduced to the target level.”
Oil
2015, November, 25, 19:45:00
NORWAY'S INVESTMENTS WILL FALL 9.3%
‘The latest estimates for 2016 show that total investments are expected to amount to NOK 219.4 billion. This is 5.4 per cent lower than the corresponding figure for 2015. The decline is mainly due to a fall of 9.3 per cent within oil and gas’ reads the statement.
Oil
2015, November, 24, 19:55:00
RUSSIA & IRAN: STRATEGIC PARTNERS
Russia is a strategic partner of Iran, Iranian Oil Minister Bijan Namdar Zangeneh said during the talks with Russia’s Energy Minister Alexander Novak in Tehran at the third Gas Exporting Countries Forum (GECF) summit on Monday."Moscow is a strategic partner of Iran," the Iranian minister was quoted by IRNA news agency.
Oil
2015, November, 24, 19:50:00
SAUDI WANTS MONEY AGAIN
"The council (of ministers) ... stressed the kingdom's role in (achieving) the stability of the oil market and its continuous readiness and efforts to cooperate with all OPEC and non-OPEC countries to maintain the stability of the market and prices," the cabinet said.
Oil
2015, November, 24, 19:45:00
UPSTREAM INVESTMENTS DOWN 20%
“We know that energy demand is growing. We also know that renewable energy will have to meet most–if not all–of this increased demand. Oil and gas will remain critically important energy resources," Mr. Sætre said on Monday. "Even in a 2 degree world we need oil and gas roughly at today’s levels in 2040."
Oil
2015, November, 24, 19:40:00
U.S. OIL & GAS RESERVES UP
In 2014, U.S. crude oil and lease condensate proved reserves increased to 39.9 billion barrels—an increase of 3.4 billion barrels (9.3%) from 2013. U.S. proved reserves of crude oil and lease condensate have risen for six consecutive years, and exceeded 39 billion barrels for the first time since 1972. Proved reserves of U.S. total natural gas increased 34.8 trillion cubic feet (Tcf) to 388.8 Tcf in 2014. This increase (9.8%) boosts the national total of proved natural gas reserves to a record-high level for the second consecutive year.
Oil
2015, November, 24, 19:35:00
IMPLICATIONS FOR THE OIL
“We have never seen this in the last 30 years, two consecutive years of investment decline,” the IEA’s executive director, Dr. Fatih Birol, told The Wall Street Journal on the sidelines of a Statoil conference. “This will have implications for the oil markets, if not tomorrow then the day after tomorrow.”
Oil
2015, November, 23, 20:00:00
OPEC DOESN'T NEED
"To increase Iran's oil production in the global market after the lifting of sanctions, we don't need permission from OPEC (the Organization of the Petroleum Exporting Countries) or any other organization," Iran's oil minister, Bijan Zanganeh was quoted as saying by IRNA on the sidelines of the meeting of the Gas Exporting Countries Forum (GECF) in Tehran.