Prices
2015, May, 8, 17:50:00
U.S. DARK OIL
Recent and projected increases in U.S. crude oil production have sparked discussion about how current limitations on crude exports affect prices, including world and domestic crude oil and petroleum product prices, and the level of domestic crude production and refining activity.
2015, May, 8, 17:40:00
RUSSIAN GAS CONDENSATE
Condensate is especially important now because it’s not covered by sanctions on Russia’s oil industry that have targeted Arctic drilling and shale projects. Production of the ultra- light crude will swell as much as 17% this year, according to estimates by Gazprombank. That makes it a key factor driving growth, said Alexander Nazarov, an analyst at the country’s third biggest lender.
2015, May, 8, 17:35:00
OCCIDENTAL RAISED OUTPUT
Occidental Petroleum Corp boosted its 2015 production forecast on Wednesday after reporting an adjusted quarterly profit in line with expectations as cost cuts helped balance the recent drop in oil prices.
Occidental raised its 2015 output forecast by 20,000 barrels of oil equivalent per day (boe/d), citing “a more optimistic outlook for the remainder of the year.”
2015, May, 5, 18:15:00
MARKET HAS GONE AGAINST
A flagship Russian gas project may soon test Moscow’s newfound willingness to cede greater control of its energy assets to Beijing in exchange for much-needed Chinese financing.
2015, May, 5, 18:10:00
EU IGNORES RUSSIA
The gas war between Russia and the West has been limited to the verbal so far and not seen any casualties except for the cancellation of the South Stream project.
2015, May, 5, 18:05:00
CHINA'S OIL PURGE
China appointed new heads for each of its three national oil companies on Monday, in a sweeping reshuffle of the industry at the heart of its two-year anti-corruption drive.
2015, May, 5, 18:00:00
U.S. OIL LOAN DEFAULTS
Banks in the U.S. are cutting credit lines to energy companies and forcing firms to cough up more collateral to guard against fallout from the past year’s plunge in oil prices, a Federal Reserve survey found.
2015, May, 4, 12:15:00
U.S. OIL RIGS DOWN 27
U.S. Rig Count is down 27 rigs from last week to 905, with oil rigs down 24 to 679, gas rigs down 3 to 222, and miscellaneous rigs unchanged at 4.
2015, May, 4, 12:05:00
SAUDI&CHINA GROWTH
The head of oil in Saudi Arabia reaffirmed the country's commitment to supplying oil resources to meet increasing demand in Asia, Reuters reported. Oil Minister Ali al-Naimi recently visited China and said that oil demand in Asia is still strong, citing the increasing need for energy as the middle class grows.
2015, May, 4, 11:55:00
UKRAINE IS POSED AGAIN
Imports from the European Union (EU) will drop because Russian gas is now competitive, according to state-run NAK Naftogaz Ukrainy. Flows from Slovakia, the EU’s biggest supplier to Ukraine, may fall by a quarter from May, Tomas Marecek, the chairman of Slovak grid operator Eustream, said.
2015, May, 4, 11:50:00
RUSSIAN O&G RECORD
Russian oil and gas condensate production, among the world's largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices, Energy Ministry data showed on Saturday.
2015, May, 4, 11:45:00
U.S. OIL PRICES UP
Monthly average crude oil prices increased in February. The average domestic crude oil first purchase price rose $1.29 (3.0 percent), to $44.35 per barrel.
2015, May, 4, 11:35:00
CHEVRON 1Q DOWN $1.9 BLN, 43%
Chevron Corp. reported first-quarter earnings of $2.6 billion, down from $4.5 billion in first-quarter 2014. Sales and other operating revenues in first quarter totaled $32 billion, compared with $51 billion a year earlier.
2015, May, 4, 11:30:00
EXXON 1Q DOWN $4.2 BLN, 45.7%
ExxonMobil Corp. reported first-quarter earnings of $4.9 billion, down from $9.1 billion during first-quarter 2014 due in part by upstream losses in the US. The total, however, exceeded analyst expectations.
2015, April, 30, 19:00:00
GAZPROM'S FINE LINE
In the case of Gazprom, the commission has found that the Russian energy company charges different prices across the EU. Lithuania, for instance, at times pays a third more than Germany.