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#Russia #Rosneft
Net income attributable to Rosneft shareholders amounted to RUB 68 bln in 2Q 2017, rising more than fivefold Y/Y.

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#Indonesia's state-owned #Pertamina has produced 343,000 b/d of crude oil in the first-half of 2017, up 12% year on year, upstream director Syamsu Alam said late Wednesday.
http://wognews.net/news/2017/8/indonesian-oil-up-12

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#oil #price #Brent #WTI
Brent crude LCOc1 was unchanged at $50.27 a barrel by 0845 GMT. U.S. light crude CLc1 was 5 cents lower at $46.73.
http://wognews.net/news/2017/8/czena-nefti-ne-vyishe-$51

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#OPEC said world #oil #demand in 2018 will grow 1.28 million b/d from 2017 levels, meaning that total oil consumption is expected to hit a new record high of 97.8 million b/d in 2018.
http://wognews.net/news/2017/8/opec-global-oil-demand-will-up-to-978-mbd

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#oil #price #brent #wti
Brent crude futures LCOc1 were at $51.02 per barrel at 0218 GMT, up 22 cents or 0.4 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.70 a barrel, up 15 cents, or 0.3 percent.
http://wognews.net/news/2017/8/oil-price-not-above-$52-yet

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#oil #demand #supply #price
Producers should find encouragement from demand, which is growing year-on-year more strongly than first thought. Our growth estimate for 2017 has been increased to 1.5 mb/d, including very strong data for 2Q17 when demand increased by 1.8 mb/d. We also expect relatively strong demand growth for 2018 of 1.4 mb/d. From the producers' viewpoint, strong growth reduces the stocks overhang when expressed in terms of days of forward demand cover: perhaps this is a more relevant measure than simple volume. However, there is a sting in the tail because recently notified changes to historical data suggest that demand in some developing countries was overstated. We have accordingly reduced our estimate of non-OECD demand for 2015 by 0.2 mb/d and for 2016 by 0.4 mb/d. The impact of carrying this lower demand base into 2017 against unchanged supply numbers is that stock draws later in the year are likely to be lower than first thought.
http://wognews.net/news/2017/8/oil-prices-takes-time

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#oil #price #merger #acquisition
Mergers among offshore oil drillers are raising hopes that consolidation could bring relief to a sector struggling to emerge from an industry downturn triggered by low crude prices.
http://wognews.net/news/2017/8/offshore-drilling-mergers

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#Россия #нефть #цена #Urals
Средняя цена нефти марки Urals по итогам января - июля 2017 года составила $ 49,94 за баррель.
http://wognews.net/news/2017/8/czena-urals-$-49,94

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#oil #price #brent #wti
Brent crude futures, LCOc1 the international benchmark for oil prices, were at $51.92 per barrel at 0652 GMT, down 18 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $48.70 a barrel, down 12 cents, or 0.3 percent.

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#oil #price #brent #wti
North Sea Brent crude oil spot prices averaged $48 per barrel (b) in July, $2/b higher than the June average and almost $4/b higher than in July 2016. EIA forecasts Brent spot prices to average $51/b in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $2/b less than Brent prices in both 2017 and 2018. NYMEX contract values for December 2017 delivery that traded during the five-day period ending August 3 suggest that a range of $37/b to $68/b encompasses the market expectation for December WTI prices at the 95% confidence level.
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