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Last update: Mon, 23 Jan 2017 09pm

Markets - Energy

Markets - Energy - Americas

U.S. shale output set to rise in February as prices rise NEW YORK: U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18-month highs, according to data from the U.S. Energy Information Administration on Tuesday.Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million bpd, according to the EIA's drilling productivity report.North Dakota's Bakken oil production was set to drop by 20,000 bpd to 978,000 bpd. Eagle Ford oil output from Texas was set to drop by 3,000 bpd to 1.042 million bpd.Copyright Reuters, 2017

Markets - Energy - Americas

Oil steady; record high Russian output forecast offsets weak dollar NEW YORK: Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output.Brent futures were up 5 cents, or 0.1 percent, at $55.91 a barrel by 11:26 a.m. EST (1626 GMT), while U.S. West Texas Intermediate crude rose 32 cents, or 0.6 percent, to ...

Markets - Energy - Americas

Oil up on Saudi commitment to cut; US output seen rising CALGARY: Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting US output would again rise this year. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd from Jan. 1 in an attempt to clear a global oversupply that has depressed prices for more than two years. Russia and other key exporters outside ...

Markets - Energy - Europe

Oil prices under pressure on doubts over output cuts LONDON: Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year. Benchmark Brent crude oil was up 8 cents a barrel at $55.53 after being down for most of the day by 1416 GMT and US light crude was flat at $52.37 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to ...

Markets - Energy - Europe

Oil prices slip on doubts over output cuts LONDON: Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year. Benchmark Brent crude oil was down 23 cents a barrel at $55.22 by 1142 GMT and US light crude fell 21 cents to $52.16.The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million ...

Markets - Energy - Europe

China's crude oil juggernaut to roll on, but more slowly: Russell LAUNCESTON: There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high. The question is how long the party can continue? Customs data released on Jan. 13 showed Chinese imports of crude reached 36.38 million tonnes in December, or 8.57 million barrels per day (bpd), the most in a month and well above the previous mark of 8.04 million bpd set in September.For the year crude imports were 13.6 percent ...

Markets - Energy - Asia

Asia Fuel Oil-Buying interest boosts 380-cst premiums further SINGAPORE: Cash premiums of Asia's 380-cst fuel oil rose for a fourth consecutive session on Monday, lifted by continued buying interest for prompt cargoes and improved market sentiment.While sentiment has been generally bullish over the past few months due to structurally tighter fuel oil supplies and firm demand, "some players seem to be defending bullish positions and taking whatever cargoes they can," a Singapore-based fuel oil trader said.Nine cash deals were reported in the Platts ...