Prices
![Prices](/cache/2015/10/eurasia-2.4c2ba64e.jpg)
2015, October, 11, 16:10:00
EURASIA DRILLING: $1.5 BLN
Eurasia Drilling’s top shareholders and management have proposed taking the oil services company private, after Schlumberger walked away from making a $1.7bn investment following resistance from Russian regulators.
![Prices](/cache/2015/10/OIL-75.36818726.jpg)
2015, October, 8, 19:30:00
THE NEXT OIL BOOM
Saudi Arabia’s policy has resulted in about $220 billion worth of investment cuts worldwide, much of which is a result of project deferrals, including deepwater projects off West Africa and in the Gulf of Mexico.
![Prices](/cache/2015/10/SAUDI-16.023b7410.jpg)
2015, October, 8, 19:25:00
SAUDI'S DEFICIT 20%
The fund’s half-yearly fiscal monitor report shows that in the past three years a hefty budget surplus in Saudi Arabia has been turned into a deficit of more than 20% of GDP – double the shortfalls seen in the UK and the US during the worst of the global slump of 2008-09.
![Prices](/cache/2015/10/OIL-72.953586af.jpg)
2015, October, 7, 19:30:00
OPEC SEE LIGHT: $130 BLN DOWN
“We are not in disarray,” Mr. el-Badri said. “We see some light at the end of the tunnel.” He said he thinks oil markets will regain balance within 18 to 24 months.
![Prices](/cache/2015/10/PETROBRAS-2.a4d69cb1.jpg)
2015, October, 7, 19:15:00
PETROBRAS CUTS BUDGET $3 BLN
Petroleo Brasileiro SA (Petrobras) reported further cuts to its capital budget, reducing planned spending for 2015 by $3 billion to $25 billion and by $8 billion to $19 billion for 2016. The company cited low crude oil prices and unfavorable exchange rates.
![Prices](/cache/2015/10/OIL-284.9192399a.jpg)
2015, October, 6, 20:00:00
2016: TIGHTER OIL MARKET
Brent crude oil spot prices increased by $1/b in September to a monthly average of $48/b. Along with increasing volatility in global equity prices and exchange rates, crude oil price volatility increased significantly in August, reflecting uncertainty about potential lower economic and oil demand growth in emerging market countries. Volatility remained high in September, with Brent spot prices increasing from $42/b on August 24 to $50/b on September 3, before falling back into the range of $45/b to $50/b for the rest of the month.
![Prices](/cache/2015/10/OIL-281.335669dd.jpg)
2015, October, 6, 19:50:00
OPEC PRICE IS BETTER
OPEC expects global demand for its crude, under pressure in recent years because of rising supplies from outside the group, to rise to 30.3 million barrels per day in 2016, about 1 million bpd more than in 2015.
![Prices](/cache/2015/10/USA-74.b339523f.jpg)
2015, October, 6, 19:45:00
U.S. OIL WILL DOWN
U.S. oil production growth will stop this month and begin to decline early next year due to low oil prices, the former head of oil firm EOG Resources, Mark Papa, said on Tuesday.
![Prices](/cache/2015/10/USA-216.5e7c64ea.jpg)
2015, October, 6, 19:40:00
U.S. RIGS DOWN 29
U.S. Rig Count is down 29 rigs from last week to 809, with oil rigs down 26 to 614, gas rigs down 2 to 195, and miscellaneous rigs down 1 to 0.
![Prices](/cache/2015/10/REPSOL-3.2840610d.jpg)
2015, October, 6, 19:25:00
REPSOL WILL CUT 1,500 JOBS
Spain’s Repsol said Thursday it will axe 1,500 positions over the next three years as part of a cost-cutting effort. The cuts represent about six percent of the company’s workforce and staff have already been notified of the plan.The company declined to comment on how the cuts will be distributed throughout its operations.
![Prices](/cache/2015/09/GAZPROM-103.20f24cb9.jpg)
2015, October, 1, 19:55:00
GAZPROM GROWS STRONGER
Price adjustments in the gas markets caused by a drop in oil quotations hadn’t affected the dominant position of Asia-Pacific as a driver of growing global gas consumption. Following the expert reviews, by 2025 the region’s demand for imported gas might grow 1.5 times from present 280 billion cubic meters to over 400 billion cubic meters a year.
![Prices](/cache/2015/09/SHELL-7.53e684e5.jpg)
2015, October, 1, 19:45:00
SHELL STOPPED DRILLING
The oil giant is to halt drilling at the Burger J well in the US Arctic, saying it can't justify the expense due to low oil prices. Shell only won the controversial permission to explore the icy waters last month.
![Prices](/cache/2015/09/ETE-1.f175f74c.jpg)
2015, September, 29, 20:50:00
MERGER $37.7 BLN
Energy Transfer Equity LP (ETE), Dallas, and Williams Cos. Inc., Tulsa, have agreed to merge in a deal valued at $37.7 billion, including the assumption of debt and other liabilities. Williams previously rejected an unsolicited all-equity acquisition proposal by ETE valued at $53.1 billion
![Prices](/cache/2015/09/LETTERONE-3.e083e622.jpg)
2015, September, 29, 20:45:00
THE NEW RUSSIAN EMPIRE - 7
The offers, which were submitted in July, nevertheless fell far short of LetterOne's target price of up to $1.2 billion, with the highest offers coming in at around $750 million, according to several sources close to the process.