Prices
2017, April, 3, 18:40:00
LNG OVERSUPPLY
Korea Gas Corp (KOGAS), Japan's JERA and China National Offshore Oil Corp (CNOOC) [SASACY.UL] - whose joint liquefied natural gas volumes account for a third of global LNG trade - are attempting to cement a shift in power from producers to importers amid a supply glut that is expected to persist into the early-2020s.
2017, March, 31, 19:05:00
OIL PRICES: NOW ABOVE $52
Brent crude futures LCOc1, the international benchmark for oil, were at $52.70 per barrel at 0513 GMT, down 26 cents from their last close.
In the United States, West Texas Intermediate (WTI) crude futures CLc1 were down 18 cents at $50.17 a barrel.
2017, March, 31, 18:55:00
GAS PRICES: ABOVE $3.2
Natural gas futures for April delivery traded down by about 1% in advance of the EIA's report, at around $3.20 per million BTUs, and traded at $3.19 shortly after the data release. Natural gas closed at $3.23 per million BTUs on Wednesday, the highest closing price in the past week. The 52-week range for natural gas is $2.56 to $3.65. One year ago the price for a million BTUs was around $2.63.
2017, March, 29, 19:10:00
OIL PRICES: NOW ABOVE $51
Front-month Brent crude futures, the international benchmark for oil, rose 29 cents, or 0.6 percent, to $51.62 per barrel by 0653 GMT.
In the United States, West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.7 percent, at $48.71 a barrel.
2017, March, 29, 19:00:00
РОССИЯ ПРИВЕРЖЕНА ДЕКЛАРАЦИИ
Принятие ОПЕК и ключевыми не входящими в ОПЕК производителями нефти Декларации о сотрудничестве от 10 декабря 2016 г. стало историческим по своему значению шагом, открывающим новую веху в развитии всего глобального нефтяного рынка.
2017, March, 27, 19:10:00
OIL PRICES: OVER $50 ANEW
Benchmark Brent crude futures fell by 33 cents, or 0.65 percent, from their last close to $50.47 per barrel by 0653 GMT.
In the United States, West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.85 percent, at $47.56 a barrel.
2017, March, 27, 19:05:00
СОТРУДНИЧЕСТВО ОПЕК И РОССИИ
Первое, что я хочу сказать: у нас такая возможность предусмотрена самим соглашением. Есть отдельный пункт, в котором говорится, что оно может быть продлено на срок до 6 месяцев. Второе: сегодня ещё конец марта. Мы ещё не перешагнули экватор. Обмен мнениями, который состоялся среди министров, и предложение, которое прозвучало, — означают возможность всем странам изучить этот вопрос до следующей министерской встречи; дать поручения секретариату ОПЕК с тем, чтобы секретариат провёл дополнительный анализ ситуации на рынке, которая будет складываться с января по апрель; дать прогнозы исполнения в мае, в июне и на второе полугодие.
2017, March, 27, 19:00:00
OPEC AND NON-OPEC COOPERATION
"This reaffirms the commitment of OPEC and participating non-OPEC countries to continue to cooperate," the statement said.
2017, March, 27, 18:55:00
HIGH LEVEL OF CONFORMITY
The Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) convened in Kuwait City for its second meeting on 26 March 2017. It announced that, based on the Report of the Joint OPEC/Non-OPEC Technical Committee (JTC) for the month of February 2017, OPEC and participating non-OPEC countries have continued their progress towards full conformity with their voluntary adjustments in production.
2017, March, 27, 18:50:00
OIL PRICES: ABOUT $55
Barclays Commodities Research said its analysts still believe oil prices could rise to $60/bbl in the second quarter assuming inventory draws and the OPEC production cut remains in place.
“However, this would likely be temporary, and we forecast prices in the mid $50s/bbl in the second half 2017,” Barclays said.
2017, March, 24, 19:25:00
OIL PRICES: OVER $50 AGAIN
Benchmark Brent crude futures LCOc1 were at $50.72 per barrel at 1255 GMT, up 16 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 20 cents at $47.90 a barrel. Brent was heading for a weekly fall of around 2 percent, while WTI was off just over 1.8 percent.
2017, March, 24, 19:10:00
SAUDI'S OIL BALANCE
Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.
2017, March, 22, 19:10:00
OIL PRICES: OVER $50
Benchmark Brent crude was down 82 cents at $50.14 per barrel at 0936 GMT (5:36 a.m. ET), after dropping to $50.05, its lowest level since OPEC announced on Nov. 30 its plan for cuts. The deal with non-OPEC states was reached in December.
U.S. light crude was down 70 cents at $47.54 a barrel, also slipping toward a three-month low.
2017, March, 22, 19:05:00
GAS PRICES: ABOVE $3,05
The NYMEX April natural gas contract continued to march higher Tuesday, climbing 5.2 cents to settle at $3.093/MMBtu on a tightening supply-demand balance characterized by strong LNG feedgas deliveries, March demand above year-ago levels and a 2.8 Bcf/d year-on-year dip in production.
2017, March, 22, 19:00:00
PRICES COULD BE LOWER
The crude oil contract for April delivery on the New York Mercantile Exchange dropped 56¢ on Mar. 20 to $48.22/bbl. The May contract fell by 40¢ to $48.91/bbl. The Brent crude contract for May on London’s ICE decreased 14¢ to $51.62/bbl. The June contract dropped 16¢ to $51.79/bbl. The gas oil contract settled at 458.50/tonne on Mar. 20, up $1.75. The average price for OPEC’s basket of benchmark crudes on Mar. 20 was $49.18/bbl, down 18¢.