Home 2019 January

Month: January 2019

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Benefits of Alberta’s oil curtailment program fading

Benefits of Alberta’s oil curtailment program fading

Alberta’s mandatory oil production cuts have helped boost Canadian crude prices. In the coming days, Notley must decide if the province will use its powers to throttle back crude production in Alberta. Alberta’s oil-production curtailment plan has largely accomplished its mission, even before it has gone into effect. The sugar high from Alberta’s crude curtailment program may be...

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Oil surges to yearly high amid signs of lower Saudi shipments

Oil surges to yearly high amid signs of lower Saudi shipments

Saudi Arabia signaled it will reduce oilNSE 0.63 % exports by as much as half a million barrels a day in December. Oil prices suddenly fell on weekend to their lowest levels in more than a year. Oil prices vaulted above $54 a barrel, the highest since November, as a steep drop in U.S. imports from Saudi...

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Oil price Wednesday 30th of January 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-01-30 1.3528 1.4061 1.3435 1.3922 0.0314 1.3823 16727 16591 Crude Oil...

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McDermott awarded EPCI subsea tie-back contract for Stonefly development

McDermott awarded EPCI subsea tie-back contract for Stonefly development

McDermott will install the subsea infrastructure to support a two well subsea tieback from the Stonefly development site to the Ram Powell platform in the Gulf of Mexico. cDermott International has secured a contract from LLOG Exploration Company for deep water subsea pipeline tiebacks. McDermott International, Inc. has announced a sizeable contract award by LLOG Exploration Company,...

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RoyalGate Energy extends license in Equatorial Guinea

RoyalGate Energy extends license in Equatorial Guinea

African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea. Two operators have confirmed they will further explore prospects in Equatorial Guinea in 2016: RoyalGate Energy will drill Block Z and Brazil’s G3 Oleo e Gas will drill Block EG-01. Royal Gate Energy Services Limited is located in...

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Oil price Tuesday 29th of January 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-01-29 1.3369 1.3801 1.3257 1.3488 0.0178 1.3509 17459 26614 Crude Oil...

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Oil price Monday 28th of January 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-01-28 1.3857 1.39 1.323 1.3376 0.0563 1.3331 29800 39926 Crude Oil...

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Saudis pledge even deeper oil cuts in February under OPEC+ deal

Saudis pledge even deeper oil cuts in February under OPEC+ deal

Saudi Arabia has cut oil output to its lowest in almost two years. Saudis Pledge Even Deeper Oil Cuts in February Under OPEC deal. Saudi Arabia will pump oil for six months at levels “well below” the voluntary production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said. Energy Minister Khalid al-Falih said output...

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API: Industry sets multiple records to meet historic consumer demand

API: Industry sets multiple records to meet historic consumer demand

The American Petroleum Institute’s latest Monthly Statistical Report (MSR) shows the U.S. natural gas. Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day. The global essential oils market size was valued at USD 6.63 billion in 2016, growing at a CAGR of 9.7% during the forecast period. The U.S....

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Saudis to keep Aramco’s hold on oil intact ahead of share sale

Saudis to keep Aramco’s hold on oil intact ahead of share sale

Crown Prince Mohammed bin Salman is preparing to roll out details of a sweeping plan to develop infrastructure and industry. Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead. Saudi Aramco plans to retain exclusive rights to develop Saudi Arabia’s oil reserves. Saudi Arabia is seeking 1.6...

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