Prices
![Prices](/cache/2015/11/UK-6.a0409462.jpg)
2015, November, 27, 19:50:00
UK LOST 5,000 JOBS
Britain's oil and gas sector has lost over 5,000 jobs since late 2014 as a slump in oil prices has severely squeezed oil companies' budgets and led to project cancellations.
![Prices](/cache/2015/11/SHALE-2.c5706c53.jpg)
2015, November, 26, 20:00:00
SHALE GAS: LESS 3%
Nowadays the proven shale gas reserves across the globe were estimated at about five trillion cubic meters, which was less than three per cent of the world's aggregate proven gas reserves.
![Prices](/cache/2015/11/ROSNEFT-20.e7f82e10.jpg)
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.
![Prices](/cache/2015/11/OIL-121.a805202e.jpg)
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.
![Prices](/cache/2015/11/ROSNEFT-19.cf0bde6a.jpg)
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.”
![Prices](/cache/2015/11/SAUDI-24.397fadb6.jpg)
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.
![Prices](/cache/2015/11/OIL-120.d86e3ad8.jpg)
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.”
![Prices](/cache/2015/11/IRAN-18.1b329014.jpg)
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.
![Prices](/cache/2015/11/IRAQ-4.ffaa82ed.jpg)
2015, November, 23, 19:50:00
IRAQI OIL $30
Iraq has every incentive to keep pumping all it can as its actual oil prices are even lower than the benchmarks. The official selling price of Basra Heavy in Europe is $10.40 a barrel below Brent for December, and trade sources say cargoes are being sold a dollar or more below OSP - or less than $30.
![Prices](/cache/2015/11/PEMEX-1.6fdfef7a.jpg)
2015, November, 23, 19:45:00
$6 BLN FOR MEXICO
The 2015 payment, due next month, is set to surpass the record from 2009, when the Mexican government said it received $5.1 billion after prices plunged with the global financial crisis. The country’s crude has fallen by almost half over the hedging period so far this year. Crude sales historically cover about a third of the government budget.
![Prices](/cache/2015/11/GAZPROM-30.38b54724.jpg)
2015, November, 23, 19:40:00
GAZPROM NEFT DOWN 6.2%
Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was driven by the global drop in oil prices. Net income attributable to the shareholders of Gazprom Neft fell by 6.2% Y-o-Y to RUB 130.9 bln. The negative impact of foreign exchange rate differences in loan revaluations held back net income growth.
![Prices](/cache/2015/11/LNG-27.69a2a78a.jpg)
2015, November, 20, 20:00:00
CHINA WANTS LNG
For China, the opportunity to re-negotiate existing liquefied natural gas (LNG) supply contracts with Shell, which combined with BG would supply around 30 percent of its imports by 2017, comes at an ideal time because the world's top energy consumer faces a large surfeit over the next five years.
![Prices](/cache/2015/11/OIL-118.1f7f4fbd.jpg)
2015, November, 20, 19:55:00
SAUDI WANTS MONEY: $700 BLN
Speaking at an energy conference in Bahrain on Thursday, Ali al-Naimi, said oil companies “need to increase investments in order to guarantee stability of market for the long and short term”.
![Prices](/cache/2015/11/AFRICA-4.7415f8f2.jpg)
2015, November, 20, 19:50:00
AFRICA IS CLOSED
“Capital markets are effectively closed to the oil and gas industry” in Africa, Tony Hayward, former head of BP Plc and now chairman of Genel Energy Plc, said at a conference in Cape Town last month. “A decade of exploration, with billions of dollars invested and only limited commercial success.”
![Prices](/cache/2015/11/CANADA-5.e9dfddec.jpg)
2015, November, 20, 19:45:00
OPEC THREATENS U.S.
Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of U.S. rivals, a Bloomberg Intelligence analysis shows. While output keeps rising in the Permian Basin, the largest U.S. shale play, companies are slowing output from wells in Alberta and have shelved 18 oil- sands projects during the downturn, according to ARC Financial Corp.