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Oil and gas industry news, trends, analysis, comments, events
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OIL PRICES 2015 - 16
http://wognews.net/news/2015/8/oil-prices-2015-16?lang=en
2016, September, 18. OIL PRICES 2015 - 16. OIL PRICES 2015 - 16. North Sea Brent crude oil prices will average $54 per barrel (b) in 2015 and $59/b in 2016. The price decline reflects concerns about lower economic growth in emerging markets, expectations of higher oil exports from Iran, and continuing growth in global inventories. WTI prices are expected to average $5/b below Brent in both 2015 and 2016. Despite the downward revision to U.S. crude production growth, total non-OPEC supply is expec...Septe...
USA OIL 2015 - 16
http://wognews.net/news/2015/8/usa-oil-2015-16?lang=en
2016, September, 18. USA OIL 2015 - 16. USA OIL 2015 - 16. While projected oil production in the Gulf of Mexico rises during the forecast period, Alaska oil production falls. Production in these areas is less sensitive to short-term price movements than onshore production in the Lower 48 states and reflects anticipated growth from new projects and declines from legacy fields. USA OIL DOWN 93,000. THE NEXT OIL WAR - 2. US OIL WILL DOWN 91,000. September, 16, 18:10:00. ЦЕНА НЕФТИ: СНОВА ВЫШЕ $46. Growth ha...
SAUDI OIL STRATEGY
http://wognews.net/news/2015/8/saudi-oil-strategy?lang=en
2016, September, 18. In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor of existing ($100 per barrel) prices. Parallel with this shift, Saudi officials expressed confidence in their country's financial wherewithal to withstand the repercussions of lower oil prices. The Saudis Expected a Hole, Not a Bottomless Pit. The Saudis have attempted to mitigate the reven...
Russia Sanctions » WOGNEWS
http://wognews.net/russia-sanctions
2016, September, 18. August, 24, 18:30:00. WESTERN SANCTIONS FOR GAZPROM. The Western sanctions have left Gazprom largely unaffected, including with respect to the execution and extension of existing contracts and the conclusion of new contracts for gas supplies with foreign parties, and have had little bearing on the Company's ongoing activities. August, 4, 18:35:00. June, 21, 21:05:00. GAZPROM and SHELL SWAP. April, 20, 18:00:00. March, 22, 19:20:00. US WANT YOUR MONEY. The US has sought to work with E...
BP MANIPULATED GAS MARKET
http://wognews.net/news/2015/8/bp-manipulated-gas-market?lang=en
2016, September, 18. BP MANIPULATED GAS MARKET. BP MANIPULATED GAS MARKET. A US regulatory judge ruled BP PLC manipulated the Texas natural gas market in 2008 and said fines against the British energy company could increase because the scheme took place after earlier market manipulation. Enforcement lawyers from FERC have sought fines in the BP case of nearly $50 million, even as the government's own evidence showed the activity netted the company less than $250,000 in profits. The case is the latest bla...
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2015, August, 15. Plunging oil prices have substantially reduced Saudi revenues. With Brent prices averaging roughly $100 per barrel in 2014, Saudi oil exports of 6.31 million barrels per day would have generated roughly $631 million in revenues daily. In the first quarter, with Brent prices averaging $53.92, the same output would have generated roughly $340 million daily, $291 million less per day than oil at $100 per barrel. PRICES: THE FASTEST GROWTH. August, 14, 18:15:00. BP MANIPULATED GAS MARKET.
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