Regions
![Regions](/cache/2015/01/UKRAINE-12.1b829629.jpg)
2015, January, 18, 14:00:00
UKRAINE STEALS RUSSIAN GAS
Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey
![Regions](/cache/2015/01/KUWAIT-8.2cfbf7b3.jpg)
2015, January, 18, 13:55:00
KUWAIT: $155 BLN INTO PROJECTS
Kuwait’s government on Sunday announced plans to spend $155bn on projects over the next five years despite the current slump of oil prices
![Regions](/cache/2015/01/ENI-9.e0e025d2.jpg)
2015, January, 18, 13:50:00
ENI ACQUIRES EGYPT
Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round
![Regions](/cache/2015/01/OIL-165.a24c2041.jpg)
2015, January, 18, 13:45:00
OIL PRICES: HIGHER MARGINS
Current market conditions might turn out to be positive for the industry in the long run also for another reason. Low prices are expected to bring along helpful rationalisation measures, which will have a positive impact on the bottom line.
![Regions](/cache/2015/01/GAZPROM-84.3c592522.jpg)
2015, January, 18, 13:40:00
GAZPROM RECEIVES ARCTIC SHELF
Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.
![Regions](/cache/2015/01/VENEZUELA-4.50cc708f.jpg)
2015, January, 18, 13:35:00
VENEZUELA & RUSSIA AGREE
Venezuela and Russia have reached an agreement to step up investment and participation of Russian companies in development of Orinoco Belt oil reserves and other projects
![Regions](/cache/2015/01/OIL-140.1ce9f148.png)
2015, January, 17, 22:15:00
OIL PRICE EXPECTATIONS
The growing uncertainty surrounding oil prices presents a major challenge to all price forecasts. EIA's January Short-Term Energy Outlook (STEO), released yesterday, forecasts Brent crude oil prices averaging $58/bbl in 2015 and $75/bbl in 2016, with annual average WTI prices expected to be $3/bbl to $4/bbl below Brent.
![Regions](/cache/2015/01/CHINA-49.76a9f2c1.jpg)
2015, January, 17, 22:10:00
CHINA: GDP UP TO 7.3%
China's economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank's monetary policy committee as saying on Saturday.
![Regions](/cache/2015/01/USA-99.47dc46b7.jpg)
2015, January, 17, 22:05:00
U.S. OIL CRACH
Any lingering doubt about the depth of the crisis facing the U.S. energy industry is quickly evaporating as even the biggest firms slash spending amid the steepest oil price crash since the recession, sending ripples across the vast sector.
![Regions](/cache/2015/01/OIL-162.6cb8eee2.jpg)
2015, January, 17, 21:55:00
OIL PRICES AGAINST GROWTH
Global equity markets rebounded, with U.S. stocks capping five straight sessions of losses. European shares rose on growing expectations of economic stimulus from the European Central Bank.
![Regions](/cache/2015/01/OIL-161.dc47dd49.jpg)
2015, January, 17, 21:50:00
OPEC: OIL DEMAND IS GROWING
In 2015, world oil demand is anticipated to rise by 1.15 mb/d, following an upward revision of 30 tb/d due to expectations of higher oil requirements in OECD America and Other Asia.
![Regions](/cache/2015/01/OIL-163.074edd5e.jpg)
2015, January, 17, 21:45:00
NORWAY: NO CRISIS
Norway’s oil revenues have been hit hard by a 50% drop in prices over the past six months and oil companies operating in Norway are set to reduce their capital expenditure by 15% on the year in 2015
![Regions](/cache/2015/01/OIL-164.36528679.jpg)
2015, January, 17, 21:40:00
US FALL DRILLING
The number of rigs drilling for oil in the US dropped sharply this week as plunging crude prices hit development of shale reserves, the most-watched survey of industry activity has shown.
![Regions](/cache/2015/01/OIL-141.8fcdd077.jpg)
2015, January, 14, 21:30:00
2015: $58/BBL
December was the sixth consecutive month in which monthly average Brent prices decreased, falling $17/barrel (bbl) from November to a monthly average of $62/bbl, the lowest since May 2009. The December price decline reflects continued growth in U.S. tight oil production, strong global supply, and weakening outlooks for the global economy and oil demand growth.
![Regions](/cache/2015/01/OIL-144.a6a4a2f9.jpg)
2015, January, 14, 21:25:00
GLOBAL GROWTH CUTS
The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices.