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Oil Rally Stumbles on Fears Hedge Fund Buying Spree Went Too Farby  Bloomberg|Jessica Summers|Tuesday, January 16, 2018TweetinShare5  (Bloomberg) -- Oil reversed course as a record crude-buying spree by hedge funds spurred concern that prices may be due for a correction after hitting three-year highs.Futures in New York slipped 0.9 percent on Tuesday, ending a five-day rally, while prices in London slid to the lowest in a week. Hedge funds last week boosted their bullish bets on crude to record levels, according to the U.S. Commodity Futures Trading Commission and ICE Futures Europe. Now traders are weighing signs crude may be overbought."Typically when the boat gets tipped greatly to one side, like it is right now, you get a reversal," said John Kilduf...
发布时间: 2018 - 01 - 17
Malaysia's state-owned oil firm Petroliam Nasional Berhad (PETRONAS) urged liquefied natural gas (LNG) consumers and producers to strive for a more equitable relationship in the current oversupplied market to ensure the continuity and sustainability of the business, Ahmad Adly Alias, vice president of LNG Marketing, said Wednesday at the LNG 18 Conference in Perth, Australia.  “Currently, there is a perception that the LNG market will be oversupplied for a long time, prompting many buyers to demand better commercial terms from sellers. However, if LNG prices continue to be depressed, ther...
发布时间: 2016 - 04 - 14
OPEC cuts its forecast for global oil demand growth in 2016 and warns of further reductions citing concerns about Latin America and China, pointing to a larger supply surplus this year. LONDON, April 13 (Reuters) - OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.  The Organization of the Petroleum Exporting Countries also said top exporter Saudi Arabia kept output steady in March - a sign Riyadh is serious about a plan to be discuss...
发布时间: 2016 - 04 - 14
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund could receive $106 billion in cash from the sale to the public of a 5 percent stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute.  “Suitable investors in Aramco could be long-term institutional investors such as the Canadian pensions, or even Asian sovereign wealth funds,” the Las Vegas-based consultant and researcher said in a report released on Thursday. “If an Aramco deal goes through, it could be a blueprint for other Saudi state-owned entities to follow, thus potentially increasing the cash ...
发布时间: 2016 - 04 - 08
(Bloomberg) -- In the energy world, India is becoming the new China.The world’s second-most populous nation is increasingly becoming the center for oil demand growth as its economy expands by luring the type of manufacturing that China is trying to shun. And just like China a decade ago, India is trying to hedge its future energy needs by investing in new production at home and abroad.India may have one advantage its neighbor to the northeast didn’t. While China’s binge came during a commodity super-cycle that saw WTI crude reach a high of $147.27 a barrel in 2008 -- due in no small part to it...
发布时间: 2016 - 04 - 08
"Significant and long-term employment" awaits offshore Ireland if oil is discovered as a result of the 2015 Atlantic Margin Licensing Round, says Europa Oil & Gas CEO Hugh Mackay.“Significant and long-term employment” awaits offshore Ireland if oil is discovered as a result of the 2015 Atlantic Margin Licensing Round, according to Europa Oil & Gas CEO Hugh Mackay.  Commenting on the potential of future finds off the coast of Ireland, Mackay told Rigzone that any discoveries would be transformative for the country and would likely result in a lot of new jobs.  “In te...
发布时间: 2016 - 04 - 08
NEW YORK, March 29 (Reuters) - Oil prices fell about 3 percent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new output from Kuwait and Saudi Arabia.  Remarks by U.S. Federal Reserve Chair Janet Yellen, which were seen as generally dovish for the interest rate outlook, sparked a brief rebound before prices slumped again.  Brent futures settled down $1.13 at $39.14 a barrel while U.S. crude settled $1.11 lower at $38.28 per barrel.  The decision by Kuwait and Saudi Arabia to resume oil pr...
发布时间: 2016 - 03 - 30
Oil companies operating in Mexico's deep waters must use national suppliers for 8% of the projects by 2025, the government says. MEXICO CITY, March 29 (Reuters) - Oil companies operating in Mexico's deep waters must use national suppliers for 8 percent of the projects by 2025, the government said on Tuesday, a relatively low rate meant to encourage foreign and private firms to bid on contracts.  Mexico's oil regulator has scheduled its first-ever deep water auction in early December for 10 blocks in the Gulf of Mexico, after constitutional amendments in 2013 ended a nearly eight-decade mo...
发布时间: 2016 - 03 - 30
While the upstream sector continues to struggle in the low oil price environment, Rigzone explores possible opportunities in midstream. Judging by the many headlines we’ve seen over the past 18 months, words such as layoffs and bankruptcies paint a scary picture for the upstream sector – which has, perhaps unfairly, been dubbed the Debbie Downer of the oil and gas industry.   While activity on the upstream side has been stalled, downstream has fared fairly well in regard to hiring, partly due to an inflated candidate pool of skilled professionals who have been laid off beca...
发布时间: 2016 - 03 - 30
One of the warning lights that there's too much oil around is no longer flashing, adding to signs that global crude markets are finally on the mend.(Bloomberg) -- One of the warning lights that there’s too much oil around is no longer flashing, adding to signs that global crude markets are finally on the mend.  Just a month ago, oil traders were weighing up whether to park unwanted crude aboard tankers while BP Plc Chief Executive Officer Bob Dudley joked that swimming pools might be needed to hold the excess. Yet instead of offering bumper profits, as in previous market gluts, stock...
发布时间: 2016 - 03 - 22
Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general says, since the country is seeking to raise its exports.VIENNA, March 21 (Reuters) - Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general said on Monday, since the country is seeking to raise its exports。 Producers from the Organization of the Petroleum Exporting Countries and non-members are due to meet on April 17 in Qatar discuss the output freeze. But Iran is seeking to increase exports, follo...
发布时间: 2016 - 03 - 22
The oil market and energy investors alike show signs of optimism that the industry is emerging from the downturn The oil market and energy investors alike have been showing signs of optimism that the industry is potentially emerging from a downturn that commenced in July 2014, when crude prices started to fall from highs of $112/bbl to eventual lows of $26/bbl (seen in January 2016). Since the last week of February, however, oil prices have traded up at the end of each successive week, approaching or exceeding $40/bbl, which has led many to believe we are finally turning the corner.  Talk...
发布时间: 2016 - 03 - 22
(Bloomberg) -- Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to the campaign by financially stricken crude exporters to freeze output and overcome the glut that’s weighing on the market.Qatar’s oil minister said that countries would meet in the nation’s capital Doha on April 17, without providing details of who would attend. While the participation of Iran is seen as critical for the deal to be effective, the meeting may go ahead without the Persian Gulf nation, according to two delegates who asked not to be identified because the ...
发布时间: 2016 - 03 - 18
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