ENERGY NEWSTRACK TO 28/08/18

Posted On August 28th, 2018 - 1:44 pm | by Oil and gas press

The price of OPEC basket of fifteen crudes stood at $74.09 a barrel on Monday, 27 August 2018, compared with $74.02 the previous Friday, according to OPEC Secretariat calculations.

Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Brent crude oil futures were at $76.65 a barrel by 0913 GMT, up 44 cents from their last close and at their highest since July 11, while U.S. crude futures were up 17 cents at $69.04 a barrel.
———————————————————————————————————–
is it time to take profits and sell your US shares?

The record for the longest stock market bull run ever seen was broken this week as the main broad index of American shares, the S&P 500, reached 3,453 days without falling 20 per cent or more from its peak.
———————————————————————————————————–

Norway $1-trillion fund’s plan to sell oil stocks meets resistance

Norway’s $1-trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.
A government-appointed commission on Friday recommended against divesting petroleum stocks. Such a move will have little effect on protecting Norway against falling crude prices and alter what has so far been a successful investment philosophy, it said.
———————————————————————————–

British Airways to halt flights to Iran after US sanctions are imposed

British Airways is halting its flights to Iran next month, saying the route is no longer “commercially viable”.
It comes after newly imposed US sanctions caused a slump in the value of the Iranian currency, the rial, making it harder for Iranians to travel internationally.
———————————————————————————
India Surges Ahead In Global Solar Race

A new report by Power Technology shows that India is taking the race very seriously, with five of the nine largest solar installations in the world. China and the U.S. had taken the lead in the past, making up two-thirds of global growth in solar power in recent years. But India is investing heavily to beat them; and they’re not the only country working to be seen as the global leader in the burgeoning industry.

———————————————————————————
Trade War May Push China To Russian Energy

Asian oil refiners have been rushing to secure crude supplies in anticipation of an escalating trade war between the United States and China.

_______________________________________________

Toyota to invest $500 million in Uber

Deal will help firms compete against rivals General Motors and Google’s Waymo
———————

Can The U.S. Bring Iranian Oil Exports To Zero?

The U.S. wants Iran’s oil exports to drop to zero, according to a recent statement by National Security Advisor John Bolton.
———————

Rising oil prices could take a bite out of India’s economy

Rebounding oil prices have pushed up oil import costs and will widen India’s currency account deficit. This will in turn weigh on the rupee, which is expected to depreciate further, economists say.
———————

Tags: , , , , News analysis

Leave a Reply

Be the First to Comment!

Notify of
avatar

wpDiscuz

SUBSCRIBE FOR FREE

Become a Oil & Gas Press subscriber

Oil and Gas Company News and Analysis Daily



ENERGY PRICES

TWITTER FEEDS

update or view historical data

NEWS PHOTOS

LIKE US ON FACEBOOK

  • Stocks and Shares
  • Algeria
  • Ministère de l'Energie et des Mines
  • www.mem-algeria.org
  • National Oil Company: SONATRACH
  • www.sonatrach-dz.com
  • Oil and Gas Press
  • Angola
  • Ministry of Petroleum
  • www.minpet.gov.ao
  • National Oil Company: SONANGOL
  • www.sonangol.co.ao
  • Oil and Gas Press Benin Republic
  • Benin
  • Ministère de l'Energie, des Recherches Pétrolières et Minières, de l'Eau et du
  • National Oil Company: OBH (Office Béninois des Hydrocarbures)
  • Oil and Gas Press
  • Cameroon
  • National Oil Company: SNH (Société Nationale des Hydrocarbures )
  • www.snh.cm
  • Oil and Gas Press
  • Chad
  • Ministère du Pétrole et de l'Energie
  • www.ministere-petrole.td
  • National Oil Company: SHT (Société des Hydrocarbures du Tchad)
  • >Oil and Gas Press
  • Congo (Republic of)
  • Ministère des Hydrocarbures
  • www.ministere-hydrocarbures.cg
  • National Oil Company: SNPC (Société Nationale des Pétroles du Congo )
  • www.snpc-group.com
  • Oil and Gas Press
  • D.R Congo
  • Ministère des Hydrocarbures
  • National Oil Company: COHYDRO (Congolaise des Hydrocarbures)
  • Oil and Gas Press
  • Côte d'Ivoire
  • Ministère des Mines, du Pétrole et de l'Energie
  • National Oil Company: PETROCI
  • (Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire)
  • www.petroci.ci
  • Oil and Gas Press
  • Egypt
  • Ministry of Petroleum and Mineral resources
  • www.petroleum.gov.eg
  • National Oil Company: Egyptian General Petroleum Corporation
  • www.egpc.com.eg
  • Oil and Gas Press
  • Gabon
  • Ministère du Pétrole, de l'Energie et des Ressources Hydrauliques
  • http://www.energie.gouv.ga
  • Oil and Gas Press
  • Ghana
  • Ministry of Energy
  • www.energymin.gov.gh
  • National Oil Company: Ghana National Petroleum Corporation
  • www.gnpcghana.com
  • Oil and Gas Press
  • Equatorial Guinea
  • Ministère des Mines, de l'Industrie et de L'energie
  • www.equatorialoil.com
  • National Oil Company:GEPetrol
  • www.guineaecuatorialpetrol.com
  • >Oil and Gas Press
  • Libya
  • National Oil Company: NOC
  • (National Oil Corporation)
  • www.noc.ly
  • Oil and Gas Press
  • Mauritania
  • Ministère du Pétrole, de l'Energie & des Mines
  • www.petrole.gov.mr
  • National Oil Company: SMH
  • (Société Mauritanienne des Hydrocarbures ) Oil and Gas Press
  • Namibia
  • National Oil Company: NAMCOR
  • (National Petroleum Corporation of Namibia)
  • www.namcor.com.na/
  • Oil and Gas Press
  • Niger
  • Ministère de l'Energie et du Pétrole
  • National Oil Company:SONIDEP
  • (Société Nigerienne des Produits Pétroliers)
  • www.sonidep.net
  • Oil and Gas Press
  • Nigeria
  • Ministry of Petroleum Resources
  • www.nigeria.gov.ng
  • National Oil Company: NNPC
  • (Nigerian National Petroleum Corporation)
  • www.nnpcgroup.com
  • Oil and Gas Press Sao Tome
  • Empresa Nacional De Combustiveis e Oleos
  • Island Oil Exploration
  • >Oil and Gas Press
  • South Africa
  • Department of Energy
  • www.energy.gov.za
  • National Oil Company: PetroSA
  • (Petroleum, Oil and Gas Corporation of South Africa)
  • www.petrosa.co.za
  • >Oil and Gas Press
  • Sudan
  • Ministry of Petroleum
  • National Oil Company: SUDAPET
  • (Sudan Petroleum Company)
  • www.sudapet.sd
  • >Oil and Gas Press Togo
  • BUREAU VERITAS TOGO
  • COTECNA INSPECTION S.A.
  • TOTAL TOGO S.A.(DISTRIBUTION)