Trends
2016, January, 26, 19:20:00
2040: DEMAND WILL UP BY 25%
From 2014 to 2040, we see global demand for energy rising by 25 percent. This increase is equivalent to the total energy used in North America and Latin America today.
2016, January, 26, 19:05:00
RUSSIAN ECONOMY WILL SHRINK
The economy will shrink 1.5 percent this year, Alfa Bank’s Natalia Orlova said in a report on Monday, cutting her previous forecast for an expansion of 0.3 percent.
2016, January, 26, 19:00:00
CANADIAN OIL INVESTMENTS DOWN
The Canadian Association of Petroleum Producers, which represents the industry, forecast that it would invest C$42bn (US$29.5bn) this year, 13 per cent less than last year and 48 per cent less than in 2014. That is a steeper decline than investment in oil and gas production worldwide, which is expected to drop by 40 per cent over 2014-16, according to Wood Mackenzie, the energy research company.
2016, January, 24, 18:20:00
U.S. OIL & GAS WELL COMPLETION DOWN 51%
Estimated development oil well completions in 2015 fourth quarter fell 55 percent compared to 2014 fourth quarter estimates. Estimated development gas completions decreased 37 percent over the same period.
2016, January, 22, 18:55:00
OIL PRICES WILL RISE
Therefore, oil prices will rise once more people study the long-term dynamics of oil markets instead of trading on and exploiting the short term news. On the Chicago Mercantile Exchange, WTI for delivery in February 2017 closed at US$37.08 a barrel on January 19, 23% higher than the market closing price for the day.
2016, January, 22, 18:40:00
IRANIAN OIL WILL UP
Iran's annual average crude oil production is forecast at 3.1 million b/d in 2016 (10% of projected total OPEC production), and almost 3.6 million b/d in 2017.
2016, January, 21, 19:30:00
NORD STREAM -2 WILL BE BUILT
Nord Stream 2 will be built, according to Gazprom’s chairman of the board, Viktor Zubkov. “This means that customers will receive gas at favorable prices, but for this we need reliable sources of supply and uninterrupted means of transportation,” he said.
2016, January, 19, 20:25:00
РОССИЯ: 534 МЛН. ТОНН НЕФТИ
«Мы планируем сохранить объем добычи нефти в 2016 году на уровне 2015 года. Наш прогноз - 533-534 млн тонн на этот год» - отметил Алексей Текслер. Первый замглавы ведомства добавил, что на прежнем уровне сохранятся и объемы экспорта: «Незначительное увеличение по отношению к 2015 году возможно за счет увеличения глубины внутренней переработки».
2016, January, 19, 20:20:00
OIL MARKET COULD DROWN
In a stark assessment of the oil market, the International Energy Agency warned of an oil overhang of at least 1m barrels a day for a third consecutive year in 2016.
2016, January, 19, 20:15:00
OIL INVESTMENT'S COLLAPSE
The impact is not confined to the United States. Oil and gas projects around the world worth $380 billion have been postponed or canceled since 2014.
2016, January, 19, 20:10:00
OPEC SEES MORE
Demand for OPEC's oil will rise to an average 31.65 million b/d in 2016, from 29.90 million b/d in 2015, the producer group said in its latest monthly report.
2016, January, 19, 20:05:00
PRICES TAKES SOME TIME
“I am optimistic about the future, the return of stability to the global oil markets, the improvement of prices and the cooperation among the major producing countries,” al-Naimi said. “Market forces as well as the cooperation among producing nations always lead to the restoration of stability. This, however, takes some time.”
2016, January, 17, 15:15:00
CANADA'S LONG-TERM EFFECTIVENESS
"We're playing close attention to the price of oil, and of course that has an important impact on the Canadian dollar, which we're also paying close attention to. In that context, we know that it's doubly important that we think about how we can make investments that have an impact on the economy ... and also think about how we can improve our long-term effectiveness as a country and to increase our long-term rate of growth."
2016, January, 15, 20:20:00
WEAK US INDUSTRY
The slowdown has been rapid. As recently as a year ago, US manufacturing production was growing at an annual rate of 4.5 per cent, says Chad Moutray, chief economist for the National Association of Manufacturers. By November that had slowed to 0.9 per cent and this year Mr Moutray expects production to grow just 1.4 per cent.
2016, January, 15, 20:05:00
OIL COMPANIES ROUT
“Companies have to be prudent in the face of what’s happening,” says Daniel Yergin, vice-chairman of consultancy IHS. “It’s a wrenching period for the industry.”