Prices
![Prices](/cache/2015/11/SAUDI-22.b82d9ac7.jpg)
2015, November, 11, 19:40:00
OPEC WILL RISE
OPEC’s share of the global oil market will expand from 2020 as prices recover to $80 and supply outside the group stagnates due to spending cuts, according to the International Energy Agency.
![Prices](/cache/2015/11/OIL-110.deed9f52.jpg)
2015, November, 9, 20:00:00
ROBUST MARKET FUNDAMENTALS
Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for a price spike, Saudi Arabia's vice oil minister said
![Prices](/cache/2015/11/OIL-109.e7c51753.jpg)
2015, November, 9, 19:55:00
OIL CUTS $200 BLN
The oil and gas industry has cut $200 billion from investments this year as low prices discourage new projects, leading to cuts in crude supplies equal to half the daily output of Saudi Arabia, according to the kingdom’s Prince Abdul Aziz bin Salman.
![Prices](/cache/2015/11/USA-91.28b297cc.jpg)
2015, November, 9, 19:50:00
DECISION AGAINST U.S.
This decision will cost thousands of jobs and is an assault to American workers. It’s politics at its worst.
![Prices](/cache/2015/11/CHESAPEAKE-1.5ba8e515.jpg)
2015, November, 9, 19:45:00
CHESAPEAKE NET LOSS $12.5 BLN
- Production averaged approximately 667,000 boe per day, an increase of 3% year over year, adjusted for asset sales
- Adjusted net loss of $0.05 per fully diluted share and adjusted ebitda of $560 million
- 2015 total production guidance increased to 670 – 680 mboe per day
- 2015 production expense and general and administrative expense guidance lowered significantly
- 2015 capital guidance reduced to $3.4 – $3.9 billion
![Prices](/cache/2015/11/USA-90.a8812925.jpg)
2015, November, 9, 19:40:00
U.S. RIGS DOWN 4
U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and gas rigs up 2 to 199.
U.S. Rig Count is down 1,154 rigs from last year at 1,925, with oil rigs down 996, gas rigs down 157, and miscellaneous rigs down 1 rig.
The U.S. Offshore rig count is 32, down 1 rig from last week, and down 21 rigs year over year.
![Prices](/cache/2015/11/OIL-107.fcc9531c.jpg)
2015, November, 6, 20:00:00
NEVER SEE $100
Oil today stands at around $50 a barrel, having more than halved since June 2014 after global supplies dramatically rose due in large part to the U.S. shale oil boom but also due to the unlocking of huge offshore reserves in Brazil, Africa and Asia.
![Prices](/cache/2015/11/GAS-26.100200dc.jpg)
2015, November, 6, 19:55:00
GAS PRICES ARE LOWER
The winter natural gas futures strip, the four contracts from December 2015 through March 2016, averaged $2.419 per million British thermal units (MMBtu) over the report week (Wednesday, October 28, through Wednesday, November 4). This is nearly 40% lower than the five-year average, and one-third lower than the five-year minimum in trading on the New York Mercantile Exchange (Nymex).
![Prices](/cache/2015/11/SAUDI-21.c073c5aa.jpg)
2015, November, 6, 19:50:00
THE SAUDI - RUSSIAN BATTLE
The Saudi-Russian battle for Europe's crude oil buyers intensified this week as Swedish refiner Preem bought its first cargo of Saudi Arabian crude oil in around two decades, trading sources said.
![Prices](/cache/2015/11/USA-89.cadba2c3.jpg)
2015, November, 6, 19:45:00
JUNK U.S. RATED
The regulators gave a negative classification to $372.6 billion out of $3.9 trillion in loans impacted by the review, or 9.5 percent of the loans. Classified loans increased 9.4 percent from a year ago.
![Prices](/cache/2015/11/ROSNEFT-17.8d863abb.jpg)
2015, November, 6, 19:35:00
RUSSIAN - JAPANESE BRIDGE
“The efficiency of Japanese investments (alternative to those in Russia) is mostly very low. From what we know in the last 3 yeast Japanese firms faced almost 600 bln yen of write downs (around 6 bln USD) because of bad investments in projects associated with hard-to-recover hydrocarbons in US and Canada, and also because of unsuccessful projects in the North Sea. And this had to be done in a period of high oil prices! De-facto IRR for international upstream projects of INPEX by the end of 2014 was 3.1% (Wood Macikenzie estimates). This is around 4 times less than a standard revenue ratio”.
![Prices](/cache/2015/11/LNG-22.08b68d38.jpg)
2015, November, 5, 19:55:00
LNG WILL RETURN
“There are a lot of gas projects under development in the world, and that will drive demand for more ships,” Kim said Oct. 28. “Growing environmental concerns also are pushing demand for more gas-powered power plants, which means there will be more demand for gas.”
![Prices](/cache/2015/11/OIL-106.eec859a7.jpg)
2015, November, 5, 19:45:00
EUROPE PAYS $8 BLN
Royal Dutch Shell Plc, Total SA and BP Plc will retain $8 billion a year in cash by giving investors the option of receiving payouts in shares instead, according to Jean-Pierre Dmirdjian, an analyst at Liberum Capital Ltd. That’s equivalent to about 8.5 percent of total cash and equivalents currently on their books, making the so-called scrip dividend a vital tool as companies curb spending to ride out the slump in oil prices.
![Prices](/cache/2015/11/OIL-105.9138b479.jpg)
2015, November, 5, 19:35:00
IT NEEDS $70
Advanced biofuel made from agricultural waste — the so called Holy Grail of the alternative energy industry — will not be competitive with conventional fuel until the oil is back to $70-$80 per barrel, DuPont has said.
![Prices](/cache/2015/11/GAS-21.b7c944c3.jpg)
2015, November, 3, 19:20:00
RUSSIAN - TURKISH GAS PRICE
"If both countries agree on the discount, progress can be achieved on the Turkish Stream Natural Gas Pipeline project, which both countries will benefit from economically"