Oil, Gold & Silver Prices
- nihal123Top contributor
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Join date : 2014-02-24
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Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------30.59 $
Brent Crude------34.90 $
Gold------------1208.2 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------31.03 $
Brent Crude------35.89 $
Gold------------1199.2 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Join date : 2014-02-23
Age : 66
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Oil and gas industry should prepare for low-carbon energy transition
Oil and gas companies need to see past the current problems caused by low commodity prices and focus on the wider mega-trends that will reshape the future of the energy industry in the long term, according to a report released today by consultancy giant PwC.
The report argues that while oil and gas will continue to play a "vital" role in any future energy system as global consumer demand for reliable and affordable energy supplies increases, firms must reconsider their portfolios in the face of growing pressure to decarbonise.
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- කිත්සිරි ද සිල්වාTop contributor
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Saudis and Russia agree to oil output freeze, Iran still an obstacle
The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping prices recover from their lowest in over a decade.
Saudi Oil Minister Ali al-Naimi said freezing production at January levels - near record highs - was an adequate measure and he hoped other producers would adopt the plan. Venezuelan Oil Minister Eulogio Del Pino said more talks would take place with Iran and Iraq on Wednesday in Tehran.
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- කිත්සිරි ද සිල්වාTop contributor
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Oil eases off highs after output freeze agreement
Qatari energy minister Mohammad bin Saleh al-Sada told a news conference that the step would help to stabilise the oil market, which has experienced price declines not seen since the early 2000s because of the pace at which supply has outstripped demand.
Analysts said that the decision is a step in the right direction to bring supply and demand back into balance but global inventories remain near record levels and are likely to dampen any price rallies.
"I don't think it will have a huge impact on supply/demand balances, simply because we were oversupplied in January anyway. We’re just even more oversupplied now," Energy Aspects analyst Dominic Haywood.
"So in that regard it’s not huge, but it’s a step in the right direction. But you’ve still got a huge amount of inventory that is going to weigh on the price for a long time and we need to clear that, because it’s going to kill any rally."
The oil ministers of Russia and Venezuela attended the meeting in the Qatari capital, together with Saudi oil minister Ali al-Naimi, who said the group's next steps would be assessed over the coming months.
Brent crude futures were up by only 18 cents at $33.57 a barrel by 1305 GMT, having fallen from an earlier peak of $35.55, the highest price since Feb. 4.
U.S. crude futures were up by 10 cents at $29.54, off the day's high of $31.53.
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- nihal123Top contributor
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Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------28.91 $
Brent Crude------32.90 $
Gold------------1213.7 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Join date : 2014-02-23
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A Third of Oil Companies Could Go Bankrupt This Year
Consulting and audit firm Deloitte put out its findings after closely examining 500 publicly-traded oil and natural gas exploration and production companies worldwide. The threat these companies face is a result of crude prices hovering near 10-year lows, which has already prompted firms to slash their budgets and staff.
The 175 or so companies most at risk have more than $150 billion in debt, according to Reuters’ report on the Deloitte study, and they’re having trouble generating cash given the decreased value of secondary stock offerings and asset sales.
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- nihal123Top contributor
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Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------29.10 $
Brent Crude------32.95 $
Gold------------1204.5 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Oil rises as output talks turn to Iran
Iranian Oil Minister Bijan Zanganeh will meet his counterparts from Venezuela, Iraq and Qatar at 1030 GMT in Tehran. An Iranian official earlier said Iran would continue increasing its crude output until it reached levels seen before the imposition of international sanctions.
"Asking Iran to freeze its oil production level is illogical," Iran's OPEC envoy, Mehdi Asali, was quoted as saying by the Shargh newspaper.
Brent crude LCOc1 was up 28 cents at $32.46 a barrel by 0904 GMT, after settling down $1.21 in the previous session. U.S. crude CLc1 rose 16 cents to $29.20 a barrel.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------30.95 $
Brent Crude------35.20 $
Gold------------1210.0 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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How the global oil trade is changing
Beyond these major currents, a multitude of other stories lie swirling beneath the surface. Carbon Brief has plotted the global oil trade in a series of charts, to shine a light on these dynamics.
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I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
- කිත්සිරි ද සිල්වාTop contributor
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API Crude Oil Inventory: Up, Up, Up, and Up Again
The US industry group reported that US crude oil inventory rose by 2.4 MMbbls (million barrels) for the week ended February 5, 2016.
US crude oil inventory also rose by 3.8 MMbbls for the week ended January 29, 2016. API crude oil inventory rose for the fourth straight week. Why?
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- කිත්සිරි ද සිල්වාTop contributor
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Oil extends rally to $35 after Iran welcomes output freeze
The gain added to a more than 7 percent surge in the previous session, which came even though analysts said the market had overreacted to Iran's support for the caps and the Russian-Saudi move would not likely reduce the global surplus.
Brent LCOc1 rose 60 cents to $35.10 a barrel by 1248 GMT, having closed 7.2 percent higher in the previous session. U.S. crude CLc1 gained 65 cents to $31.31.
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- nihal123Top contributor
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Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------31.00 $
Brent Crude------35.25 $
Gold------------1226.1 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Oil Falls Near $30
Futures lost as much as 2.3 percent in New York, trimming the first weekly advance this month. U.S. supplies expanded to 504 million barrels, the highest level in data going back to 1930, according to the Energy Information Administration.
Iraq said Thursday it backs any decision to support prices and balance the market without indicating whether it would cap its own output.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------29.37 $
Brent Crude------33.48 $
Gold------------1233.0 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------29.72 $
Brent Crude------33.81 $
Gold------------1226.6 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Gold eases, but holds above $1,200
FUNDAMENTALS
Spot gold had fallen 0.3 percent to $1,223.70 an ounce by 0035 GMT, after declining 0.3 percent on Friday.
The metal jumped to its highest in a year earlier this month on turmoil in the stock markets and concerns over the global economy, but posted small losses last week on profit taking and as equities consolidated.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------29.99 $
Brent Crude------34.00 $
Gold------------1221.5 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Oil prices stabilise on lower U.S. rig count
U.S. West Texas Intermediate (WTI) crude futures were trading at $29.90 per barrel at 0213 GMT, up 26 cents from their last settlement. International benchmark Brent was up 34 cents at $33.35 per barrel. Both contracts fell almost 4 percent on Friday.
A falling rig count in the United States which is expected to lead to a decline in 2016 production helped support prices, analysts said.
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- කිත්සිරි ද සිල්වාTop contributor
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Senate to examine BP's plans to drill for oil in Great Australian Bight
The company’s application to drill four exploratory wells was knocked back last year by National Offshore Petroleum Safety and Environmental Management Authority, but details of why were not made public. BP quickly vowed to reapply.
The Wilderness Society South Australia director, Peter Owen, said BP should wait until after the inquiry had reported in May before it submitted its new application.
BP was responsible for the world’s biggest oil spill in 2010, at the Deepwater Horizon well in the Gulf of Mexico. The Deepwater Horizon was drilling in 1,500 metres of water 70km off the coast when it leaked. In the Great Australian Bight, BP plans to drill at depths of 2,200 metres, about 300km from its closest port.
The independent senator Nick Xenophon and the Greens senator Robert Simms instigated the inquiry, supported by Labor and the crossbenchers Glenn Lazarus and Jacqui Lambie.
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- කිත්සිරි ද සිල්වාTop contributor
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Gold dips on stronger dollar
The metal jumped to a one-year high earlier this month on turmoil in the stock markets and concerns over the global economy, but posted small losses last week on profit-taking and as equities consolidated. Bullion remains one of the best performing assets of the year with a 15 percent gain.
Investor optimism was evident in fund flows: assets in SPDR Gold Trust, the world's top gold exchange-traded fund, saw the biggest single-day inflow since August 2011 on Friday.
Spot gold slumped over 1 percent to a session low of $1,211.30 an ounce, before paring some losses to trade at $1,213.80 by 0739 GMT. It declined 0.3 percent on Friday.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------31.43 $
Brent Crude------35.12 $
Gold------------1207.5 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
---------- LAST
Crude Oil---------31.43 $
Brent Crude------35.28 $
Gold------------1210.1 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Join date : 2014-02-23
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Oil slip back into the red
Oil fell more than 2 percent and the main European stock indices fell as much as 1 percent, giving back some of their recent gains: oil rose more than 5 percent on Monday and world stocks recorded their biggest rise last week since early October.
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Socrates