Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts

Friday, June 22, 2018

OPEC approves output rise of about 1 Mn barrels

OPEC approves output rise of about 1 Mn barrels
OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said Friday.

Oil prices spike sharply after OPEC fails to deliver

Oil prices spike sharply after OPEC fails to deliver
Crude oil prices were soaring in early Friday trading after OPEC apparently disappointed with the terms of a consensus agreement on production.

Thursday, May 17, 2018

New Shipping Regulations to Push Oil Prices to $90 by 2020 : Morgan Stanley

New Shipping Regulations to Push Oil Prices to $90 by 2020
International efforts to reduce air pollution has lifted the hopes of oil traders, as new shipping regulations are expected to boost demand for lower sulfur fuels, raising demand for crude, as the bank’s analysts report. The current growth in oil prices already exceeds earlier predictions amid OPEC supply cuts and US sanctions against Iran.

Monday, May 14, 2018

Russia's Rosneft reaps rewards from higher oil prices

Russia's Rosneft
Russian oil company Rosneft said Monday its revenue increased more than 20 percent from last year, even as its production levels declined.

Saturday, May 12, 2018

Alaska state poised to sell natural gas to China

Alaska state poised to sell natural gas to China
The Alaska Gas Development Corp. (AGDC), a major energy developer in the US northwestern state of Alaska, is moving steadily toward a December deadline for agreements to sell liquefied natural gas (LNG) to Chinese buyers, an Alaska news outlet reported Friday.

Wednesday, April 18, 2018

Oil Prices Rise Amid Lower US Stockpiles, Rising Global Tensions

Oil Prices Rise
International oil prices are posting steady increases due to higher energy consumption in the US, Saudi Arabia's continued commitment to production cuts and rising global political uncertainty.

Monday, March 05, 2018

Ukraine is overpaying for European gas & wants Russia to foot the bill

Ukraine is overpaying for European gas
Kiev was forced to buy expensive gas in Europe after Russia’s state-run company Gazprom severed contracts with Ukraine and refused to deliver the fuel in March. Now, Ukraine is demanding that Russia pays the price difference.

Wednesday, February 14, 2018

Norway to review oil and gas pension investments

Norway to review oil and gas pension investments
Following advice from its central bank, the Norwegian Ministry of Finance said it would consider whether oil and gas stocks should be in a pension fund.

Wednesday, December 27, 2017

Libya out at least 70,000 barrels of oil per day

explosion at a pipeline feeding the nation's largest oil depot
A Libyan company said it expects to be out at least 70,000 barrels of oil per day because of an explosion at a pipeline feeding the nation's largest oil depot.

Thursday, November 30, 2017

OPEC ministers agree to extend oil production cut deal until end of 2018

oil production cut deal
OPEC ministers agreed at the meeting on November 30 to extend the oil production reduction agreement until the end of 2018, Oil and Gas Minister of Oman Mohammed bin Hamad Al Rumhy told TASS.

Tuesday, October 10, 2017

IMF predicts oil price plunge to $50 per barrel in 2017-2018

oil $50 per barrel
The International Monetary Fund expects global oil prices at around $50 per barrel, down from its April projection of $55 per barrel, according to the World Economic Outlook report published Tuesday.

Monday, May 15, 2017

Moscow, Riyadh to Propose Oil Output Cut Deal Extension for Another Nine Months

Moscow, Riyadh to Propose Oil Output Cut Deal Extension for Another Nine Months
Moscow and Riyadh are set to propose the prolongation of the Vienna agreement on oil output cuts for another nine months, the joint statement of the Russian and Saudi energy ministers said Monday.

Friday, April 21, 2017

New York moves to raise cost of cigarettes to reduce smoking

New York City is pushing legislation to raise the minimum cigarette pack price to 13 from 10.5 US dollars as part of a larger effort to reduce tobacco use in the country's biggest city.

Friday, April 07, 2017

Crude Prices Jump after US Strikes on Syria

Oil prices rallied on Friday after the United States launched a missile strike against Syria, sparking fears that an escalation of the conflict in the crude-rich Middle East could disrupt supplies.

Monday, March 13, 2017

Gazprom to comply with EU norms to wrap up antimonopoly probe without fine

Gazprom is ready to abide by the EU standards in order to complete the antimonopoly probe without a fine, EU Competition Commissioner Margrethe Vestager said on Monday.

Sunday, December 11, 2016

Russia to Create Monitoring Group to Control Oil Output Reduction

Russia and Kuwait would head a monitoring committee overseeing the oil output agreement between the Organizations of the Petroleum Exporting Countries (OPEC) and a number of other oil producing states, Azerbaijan's Energy Minister Natig Aliyev said Saturday.

Thursday, December 01, 2016

Russia ready to join OPEC's new output freeze deal

Russian Energy Minister Alexander Novak on Wednesday welcomed the OPEC's newly-clinched oil output freeze agreement, saying that Russia was ready to join the deal to stabilize global oil market.

Saturday, November 05, 2016

Venezuelan proposal to freeze oil output can stabilize prices. A price of 80 $ benefits the global economic system

Venezuela's proposal for oil-producing countries to freeze oil output could stabilize prices in the next few months if adopted, President Nicolas Maduro said Friday.

Monday, October 10, 2016

Brent Oil Price Hits Highest Level in a Year

Brent North Sea crude rose to $53.45 a barrel on Monday — its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.

EL News