Trends
2014, December, 14, 15:40:00
OIL PRICE 2015: $68/BBL
North Sea Brent crude oil spot prices fell by more than 15% in November, declining from $85/barrel (bbl) on November 3 to $72/bbl on November 28. Monthly average Brent crude oil prices have declined 29% from their 2014 high of $112/bbl in June to an average of $79/bbl in November, the lowest monthly average since September 2010. The November price decline reflects continued growth in U.S. tight oil production along with weakening outlooks for the global economy and oil demand growth. The Organization of the Petroleum Exporting Countries' (OPEC) decision in late November to maintain its current crude oil production target, despite lower oil prices, put additional downward pressure on price expectations.
2014, December, 14, 15:35:00
U.S. OIL - 2015: UP & DOWN
'Contraction unavoidable’ as oil prices fall
2014, December, 14, 15:30:00
U.S. OIL - 2015: GROWTH
EIA expects U.S. crude oil production to average 9.3 million barrels per day (bbl/d) in 2015, up 0.7 million bbl/d from 2014
2014, December, 14, 15:20:00
OIL PRICES DOWN
Crude oil prices extended their slump on the New York market with a Dec. 11 settlement of less than $60/bbl for January, and prices continued downward in early Dec. 12 trading after the International Energy Agency cut its global oil demand growth forecast for 2015.
2014, December, 14, 15:15:00
GAZPROM & SERBIA STRATEGIC PARTNERSHIP
Rosneft and Essar Agreed on Key Terms of Oil and Oil Products Supplies to Essar Refineries
2014, December, 14, 15:00:00
OIL PRICES - 2015
4% Global Economic Growth Predicted to Boost Oil Price in 2015
2014, December, 14, 14:55:00
RUSSIA & EU CONFRONTATION
The last 48 hours witnessed a frenzy of diplomatic activities by Balkan and Southeastern countries with both Russia and Europe, underlining the importance of this area for the ongoing if relatively silent confrontation between Moscow and Brussels/Berlin.
2014, December, 14, 02:45:00
OPEC: OIL PRICES DOWN
The head of OPEC said on Sunday the group had no target price for oil, signalling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.
2014, December, 14, 02:15:00
U.S. SHALE OIL: HEDGED & UNHEDGED
Oil's slide to the lowest price in more than five years is carving a divide between U.S. shale drillers who heavily hedged future production and those who didn't.
2014, December, 14, 02:00:00
LIBYAN OIL CONFLICT
Air strikes by forces loyal to Libya's recognized government on Saturday hit targets near the eastern oil ports of Ras Lanuf and Es-Sider to stop an advance by a rival force, officials said.
2014, December, 10, 21:10:00
OPEC CUTS DEMAND
Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.
2014, December, 10, 21:05:00
U.S. OIL DEBT - 2
Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid.
2014, December, 9, 21:15:00
U.S. OIL DEBT
Renewed pressure on crude oil prices on Monday weighed heavily on the shares and bonds sold by US energy companies
2014, December, 9, 21:10:00
OIL PRICES: SAUDI WEAPON
The main Saudi concern is to protect market share.
2014, December, 9, 21:05:00
ROSNEFT: STRATEGIC DEVELOPMENT GOALS 2030
At its meeting December 9, the Rosneft Board of Directors approved the main strategic objectives for Company developments.