Sabina's Feed
Apr 22, 2014

Oil falls as market sees stocks building close to highs

NEW YORK, April 22 (Reuters) – U.S. crude futures fell on
Tuesday ahead of data expected to show that inventories in the
world’s top oil consuming nation have risen close to exceeding
record-highs.

Brent also fell but was cushioned by continued geopolitical
concerns of an escalation of the standoff in Eastern Ukraine.
Sanctions against Russia could stymie supplies from one of the
world’s biggest producers.

Apr 22, 2014

Oil falls on rising supplies, Ukraine supports

NEW YORK, April 22 (Reuters) – U.S. crude futures fell on
Tuesday as investors anticipated rising production and
inventories in the world’s top oil consuming nation and felt
less risk stemming from the Ukrainian crisis, increasing the
discount of the U.S. benchmark to Brent futures.

U.S. crude fell $1.9 percent to $102.45 a barrel by
11:10 a.m. EDT (1510 GMT) while Brent crude was down 98
cents to $108.96 a barrel. The sharper decline of U.S. crude
widened the Brent-WTI spread CL-LCO1=R by 86 cent to $7.16.

Apr 21, 2014

Oil edges higher in low volumes, eyes on Ukraine

LONDON, April 21 (Reuters) – Oil strengthened slightly on
Monday, with U.S. crude futures supported by positive economic
data, but oil prices were still below highs reached on Thursday
as traders saw little new to augment their worries over tensions
in Ukraine.

U.S. crude futures jumped 30 cents a barrel after the
Conference Board said its leading economic indicators, a gauge
of future economic activity, rose in March. But volumes were low
in both markets as traders kept to the sidelines after Easter
Sunday.

Apr 8, 2014

Magellan shifts focus to crude oil pipelines

NEW YORK, April 8 (Reuters) – Magellan Midstream Partners
, the U.S. Midstream company with one of the longest
pipeline systems in the country, is shifting its focus to crude
oil with the majority of its capital spending earmarked for
crude line projects.

In a presentation made to investors on Tuesday, Magellan
said of the $950 million it plans to spend between 2014 and
2016, 80 percent will go to crude oil projects primarily in and
around Texas and its shale oil plays.

Apr 7, 2014

Oil futures drop on Libyan supply concerns, falling stock markets

NEW YORK, April 7 (Reuters) – U.S. oil futures dipped below
$100 on Monday, falling more than a dollar a barrel after stock
markets tumbled, with Brent crude prices losing even more on the
prospect of additional supplies from Libya.

Wall Street’s S&P 500 stock market index looked to be on
track for its biggest three-day drop in two months, pushed down
by shares of fast-growing industries, or momentum shares, and by
disappointment with U.S. jobs data issued on Friday.

Apr 2, 2014

Bakken crude breakeven prices as low as $58/bbl in 2014 -report

NEW YORK, April 2 (Reuters) – New efficient drilling
practices may drive breakeven rates in the best areas of the
Bakken shale oil play as low as $58 per barrel, Wood Mackenzie
said on Tuesday, far lower than the traditional $70 per barrel
figure frequently touted by analysts.

The fast adoption of multi-well pad drilling, or the ability
to drill several wells from one location, should reduce the
average cost per well to $7.5 million on average in 2014,
allowing companies to make more off each barrel of oil, Wood
Mackenzie analyst Jonathan Garret said.

Mar 18, 2014

Insight – In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 18, 2014

In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 7, 2014

Insight – In Ukraine, nationalists gain influence — and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 7, 2014

In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.