Prices
![Prices](/cache/2015/12/LNG-30.68edc765.jpg)
2015, December, 7, 19:55:00
EUROPE WANTS TO PAY MORE
The ability of the US with its newly found export capacity mostly based on shale gas development provides gas into the global market, he explained, for which the European market can benefit as long as the prices in Europe are attractive to a US producer.
![Prices](/cache/2015/12/LNG-31.be52c51b.jpg)
2015, December, 7, 19:50:00
U.S. LNG FOR EUROPE
“We're interested in seeing more interconnected markets in Europe. We obviously can deliver very flexibly to any terminal; we're not bound into delivering to just one location, as you would be with a pipeline, and what we're really interested in doing is securing new markets, developing integrated projects possibly involving power plants as well, or floating re-gas infrastructure with a power plant behind it, a business model we've operated in Chile; we're looking at doing something similar in Croatia,”
![Prices](/cache/2015/BRITAIN-2.538f292b.jpg)
2015, December, 7, 19:45:00
UK MANUFACTURING DOWN
Low oil prices have hurt manufacturers that supply and service the sector
![Prices](/cache/2015/12/CHINA-23.95865061.jpg)
2015, December, 4, 21:55:00
CHINA DOUBLES OIL
China will add 70-90 million barrels of crude to storage tanks in 2016 to build up its strategic petroleum reserves (SPR).
![Prices](/cache/2015/12/IRAN-23.d23cb7d2.jpg)
2015, December, 4, 21:50:00
IRAN & CHINA OIL CONTRACTS
Sinopec Corp (0386.HK), Asia's largest refiner, and Chinese state trader Zhuhai Zhenrong Corp will together lift around 505,000 barrels per day (bpd) of crude from Iran in 2016, the same as this year when they took roughly half of the Islamic Republic's total exports, the sources said.
![Prices](/cache/2015/12/SAUDI-25.0bcd3447.jpg)
2015, December, 4, 21:45:00
IEA TRUSTS SAUDI
“I trust Saudi Arabia will act responsibly in line with its reputation," Birol, who worked for OPEC before joining the IEA 20 years ago, told Reuters on the sidelines of a the global climate change summit in Paris.
![Prices](/cache/2015/12/OIL-126.6a105cf9.jpg)
2015, December, 4, 21:40:00
OPEC STRATEGY UNCHANGED
Brent crude oil, the international benchmark, has fallen 40 per cent over the past year, decimating the budgets of Opec’s weaker members like Angola and Venezuela. The price crash has slowed the growth of US shale, Canada’s tar sands and other sources of high-cost oil but the market remains oversupplied by at least 1m barrels a day.
![Prices](/cache/2015/12/OIL-127.e80d0256.jpg)
2015, December, 4, 21:35:00
OPEC OIL UNCHANGED
If current production remains unchanged at 31.5 million barrels a day, markets will still be oversupplied by 700,000 barrels a day in 2016—though that would be less than the glut of 1.8 million a barrel a day OPEC estimates for this year.
![Prices](/cache/2015/12/NORWAY-10.63c41752.jpg)
2015, December, 4, 21:25:00
NORWAY CUTS PRODUCTION
“Lower activity in the oil sector is having a damping effect on growth prospects for most sectors, while the level of activity is expected to be sustained by rising growth in public investment,” the central bank said in the report.
![Prices](/cache/STATOIL-8.6dad2e76.jpg)
2015, December, 3, 19:35:00
NORWAY NEEDS GUARANTEES
Norway traditionally vies with Russia to be the EU’s top gas supplier, providing about 30 per cent of import demand. In terms of energy security, EU officials hail Norway as a model of stability compared with the political and commercial risks associated with Russia and Algeria.
![Prices](/cache/2015/12/OIL-124.760e0770.jpg)
2015, December, 3, 19:30:00
OPEC'S PROGNOSES
The mistaken prognoses highlight the challenges OPEC faces on Friday when the group’s ministers gather in Vienna for a potentially contentious meeting.
![Prices](/cache/2015/12/OIL-125.a849710f.jpg)
2015, December, 3, 19:15:00
OIL PRICES UP
Saudi Arabia, which has so far resisted any market intervention to prop up oil prices, will propose the Organization of the Petroleum Exporting Countries (OPEC) cut output by 1 million barrels per day (bpd) next year, Energy Intelligence reported.
![Prices](/cache/2015/11/OIL-123.ba09112d.jpg)
2015, December, 1, 20:00:00
DEPRESSED OIL PRICES
Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets on Friday.
![Prices](/cache/2015/11/USA-114.5ac88bd0.jpg)
2015, December, 1, 19:55:00
U.S. CHALLENGING TIMES
“Relatively low gas prices, combined with low oil prices, have slowed drilling in the Marcellus (Shale) so production from new wells is only offsetting the decline in old wells,” said EIA lead upstream analyst Dana Van Wagener.
![Prices](/cache/2015/11/INDONESIA-2.98bbf2b4.jpg)
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.