Prices
![Prices](/cache/2015/09/glencore-1.7963c235.jpg)
2015, September, 29, 20:40:00
GLENCORE IS DROWNING
Glencore has more than $10bn in short-term credit and has just raised a little under $2.5bn through an equity placing. Even at current commodity prices, it believes it can produce $3bn in free cash flow a year.
![Prices](/cache/2015/09/HALLIBURTON-9.ce57707b.jpg)
2015, September, 27, 19:35:00
HALLIBURTON CUTS 2,000 JOBS
Halliburton Co., the world’s second-largest oilfield services provider, has cut 2,000 more jobs, mostly in North America, the region hardest hit by the crude collapse.
![Prices](/cache/2015/09/Europe-10.8cef335c.jpg)
2015, September, 24, 19:00:00
US LOSING EUROPE
Changing dynamics in the global LNG market hint at a stronger role of European markets, and a decreased interest of American players given a minimal growth of the global markets, which are expected to increase 'only' between 2.1 and 2.5% in 2015.
![Prices](/cache/2015/09/OIL-71.338cab52.jpg)
2015, September, 24, 18:55:00
OIL PRICES: BELOW $60
A survey of 13 investment banks by The Wall Street Journal cut their average forecast for Brent crude, the international price gauge, by $9 to $58.70 a barrel, compared with last month’s survey. For West Texas Intermediate, the U.S. oil marker, the average forecast is for $54.40 a barrel, also down $9 from August.
![Prices](/cache/2015/09/IRAN-9.56dd109e.jpg)
2015, September, 24, 18:50:00
INDIAN INVESTMENTS TO IRAN: $15 BLN
India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday.
![Prices](/cache/2015/09/NORD-STREAM-4.ae092a3d.jpg)
2015, September, 24, 18:40:00
GAZPROM'S FINANCIAL RISKS
"The original Nord Stream was funded by project finance. We believe raising multi-billion dollar project financing for Nord Stream 2 in the capital markets would probably be much harder now. This is because Western sanctions have significantly hindered international funding to Russian corporates, even those not directly sanctioned," Fitch said.
![Prices](/cache/2015/09/OIL-69.2ff1833a.jpg)
2015, September, 21, 19:00:00
LOW OIL PRICES: $1.5 TN
Plunging oil prices have rendered more than a trillion dollars of future spending on energy projects uneconomic, according to a study that suggests that the impact on industry operators is worsening.
![Prices](/cache/2015/09/OIL-68.a060d1bd.jpg)
2015, September, 21, 18:55:00
OIL PRICES UP 1%
Oil rose by more than 1 percent on Monday after data showed U.S. drilling slowed and a report said $1.5 trillion worth of planned production was uneconomic at current prices.
![Prices](/cache/2015/09/USA-70.72b3a1d9.jpg)
2015, September, 21, 18:50:00
U.S. OIL DEBT UP
Results from second-quarter 2015 financial statements of a number of U.S. companies with onshore oil operations suggest continued financial strain for some companies. Low oil prices have significantly reduced cash flow for U.S. oil producers, and to adjust to lower cash flows, companies have reduced capital expenditures and raised more cash from debt and equity.
![Prices](/cache/2015/09/RUSSIA-33.e0ca7095.jpg)
2015, September, 14, 19:00:00
RUSSIAN OIL PRICES: $50 - $60
Novak said the cost of shale oil production - between $45 and $60 per barrel - is seen as a benchmark for oil prices. He expects prices to be between $50 and $60 per barrel on average this year - in line with Russia's budget forecasts.
![Prices](/cache/2015/09/OIL-64.85c3a567.jpg)
2015, September, 14, 18:45:00
2017: PRICES WILL RISE
“When you look forward to 2017, the market looks much more in balance,”
![Prices](/cache/2015/09/IRAN-8.697d3647.jpg)
2015, September, 14, 18:40:00
IRAN OIL PRICES: $42 - $50
Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017, a government spokesman was quoted as saying on Monday, expecting crude to stay in the current trading range.
![Prices](/cache/2015/09/UK-5.71c039ce.jpg)
2015, September, 14, 18:35:00
BRITAIN'S WORST DOWNTURN
Britain’s oil and gas platform builders are facing their worst downturn in orders for 25 years, threatening thousands of jobs across the UK.
![Prices](/cache/2015/09/SHELL-6.e4036b79.jpg)
2015, September, 14, 18:30:00
SHELL & BG RISKS
Investors’s fears that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group have been exaggerated, Shell’s chief executive has said.
![Prices](/cache/2015/09/OIL-63.4235eb9d.jpg)
2015, September, 11, 19:00:00
2016: PRODUCTION CUTBACKS
The latest tumble in the price of oil, which hit a six-year low in August, is expected to cut non-OPEC supply in 2016 by nearly 0.5 million barrels per day (mb/d) – the biggest decline in more than two decades.