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Oil price war upgrade: the United States is now the first shale gas company bankruptcy

Published on:2015/1/27 9:54:01

Keyword:Oil, crude oil
Introduction:As two key countries in Opec gulf oil-producing countries, the united Arab emirates and Saudi Arabia tough attitude makes the surrounding the influenc...


as the two key countries in Opec, the gulf oil producers, the united Arab emirates and Saudi Arabia tough attitude also let the surrounding the influence of oil market "price war" has become increasingly upgrade, game, as the market competition of the other party, shale oil producers in the United States also seemed to sense of smell a rat.
international oil prices are still falling sliding channel
1 month 13, the oil minister in the united Arab emirates, ma rui in ABU dhabi and to attend a meeting, although the oil price fluctuations, but the united Arab emirates will still insist on the implementation of plans to ramp up production capacity, the Opec oil cartel will not cut production.
ma rui puts forward again the radiation to the international market, oil prices is also the first time since April 2009 fell below $45 a barrel.
"Opec oil price cannot be guaranteed continuously in a certain price, this is not the only goal Opec's."Ma rui said.With the same time, the horse, further stressed that the United States production of shale oil shock is the main cause of the global oil market oversupply, need to be restricted.And bloomberg quoted analysts, according to data from the U.S. crude oil inventories rose by 1.75 million barrels last week.
as the two key countries in Opec, the gulf oil producers, the united Arab emirates and Saudi Arabia tough attitude also let the surrounding the influence of oil market "price war" has become increasingly upgrade, game, as the market competition of the other party, shale oil producers in the United States also seemed to sense of smell a rat.
21 century economic news reporter, on Sunday, a company called WBH Energy of shale oil mining companies in the United States has submitted the bankruptcy petition, the privately owned company located in Austin, Texas, the total amount of debt between $10 million and $50 million, the lender has also refused to supply loans, the oil price has become a wave of the first to a dead person.Compared to
, "the United States do relatively good shale oil enterprises are mainly concentrated in Texas, there will be more and more oil prices keep falling of shale oil company bankruptcy."A state chief economist of the 21st century business herald said.
the United States insist on productionAfter a spate of
despite Opec members to expansion has stable yield, oil pressure, but the United States seems to have ready the end.Recently,
, the U.S. department of energy (doe) publicly, this year, the United States 600000 barrels of oil production will increase, up to 9.3 million barrels, and by 2016, the growth of 200000 barrels, equivalent to 9500000 m barrels per day.
"many oil companies to reduce the exploration drilling for oil prices continue to fall, have been drilling in the future will focus on production of mature areas."Officials from the U.S. department of energy says is put forward.
the U.S. department of energy's official statement also indicated that America's ability to cope with shale oil and gas industry slump in oil prices seems to be beyond the scope of the market and outside imagination, although output growth will slow, but the officials said the U.S. department of energy (doe), next year's production will reach the highest level since 1970.
even if the Angle is bright and clear "into" attitude, but for the present market, oil shale industry analysts still on its domestic pessimism in the future.
"to learn that the United States in recent years the main domestic shale oil and gas companies if some of the smaller private enterprises, the company is mainly of his money in to loans, so the decline in oil prices keep operating pressure, in the absence of a strong financial support, the company's situation will be very suffering."A domestic private oil clothing, chairman of the board of directors of the company told reporter in the 21st century economy.
according to reporter understanding, the 21st century economy since 2010, the us oil and gas company's total loans jumped by 55%, the scale of up to $200 billion, and from s&p Capital IQ data, in 2010, in the production of oil and gas companies in the United States hybrid debt totaling $128 billion.In the fourth quarter of
to the previous year, the company's debts have been as high as $199 billion.These companies do not include exxon mobil and chevron;At the same time of debt rose 55%, since September 2014 revenue growth was only 36%.
market analysts believe that this is enough to explain why even as oil prices fell below $50 oil companies in the United States remain to promote oil production, but its revenue growth has been completely and not on borrowing by leaps and bounds, pressure on the oil production enterprises also cans be imagined.
"oil prices at $100 to $60 a barrel, the north American shale oil industry to balance the cost of high debt, because of fear of bankruptcy, the debt-laden company may be forced to sell oil, even at a loss."Analysts have said.
and from Morgan Stanley's latest report points out: "oil reserves, based in the United States in unconventional way of average profit and loss balance is $76 - $77 a barrel. At the enterprise level, the equilibrium price could be higher, this also means that if oil prices remain at current levels, (energy companies) to reduce spending."
Opec to win bigger?
at present, around the battle for market share price is still unfolding, different from the global institutions, investors, analysts are still waiting to see this round of oil campaign will end up in any way.
, cnooc, a researcher for the 21st century economic report reporter, Opec insisted that no production is more than one arrow carved counsel, but excluding some political factors, blow to America's emerging shale oil mining enterprises is undoubtedly one of its intentions.
"the United States because of shale oil and gas production has increased, its crude oil import quota is greatly reduced, this not only makes the Saudi Arabia and other Middle East countries customers lost part of the United States, its political relations with the United States is less strong than before, as a result, Saudi Arabia and other countries insist on price war attitude is very firmly, the duration of the price war to maintain the shale oil and gas industry is directly related to the United States."These people said.
public information, as the shale oil and gas companies in the United States in recent years, the United States continue to reduce its dependence on imported oil, American oil imports by 2006-2007 at the peak of more than 1000 barrels a day down to the present more than 700 barrels a day, and it's the most impact on Saudi Arabia's oil exports.
battle but for this round of oil market, many in the industry in the 21st century economic reporter interview when all comments, Opec, the odds are still larger.

Key-word:Oil, crude oil