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Upstream

Upstream
2021, March, 4, 12:20:00
OIL PRICE: ABOVE $64
Brent added 52 cents, or 0.8%, to $64.59 a barrel. WTI gained 43 cents, or 0.7% to $61.71 a barrel.
Upstream
2021, March, 3, 13:00:00
OIL PRICE: NEAR $63 ANEW
Brent rose 24 cents, or 0.38%, to $62.94 a barrel. WTI rose 15 cents, or 0.25%, to $59.90 a barrel.
Upstream
2021, March, 3, 12:55:00
GLOBAL OIL MARKET: CAUTIOUS OPTIMISM
“We must emphasize in strong terms: cautious optimism, cautious optimism, cautious optimism.”
Upstream
2021, March, 3, 12:50:00
GLOBAL OIL DEMAND WILL UP TO 99 MBD
Current oil demand of 94 million b/d, rising to 99 million b/d in 2022.
Upstream
2021, March, 2, 12:40:00
OIL PRICE: NEAR $63
Brent dropped 70 cents, or 1.1%, to $62.99 a barrel. WTI fell 71 cents, or 1.2%, to $59.93 a barrel.
Upstream
2021, March, 2, 12:35:00
OPEC+ EXTREME CAUTION
Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.
Upstream
2021, March, 2, 12:30:00
OIL DEMAND WILL UP
Oil demand may continue to climb over the next decade even as countries work to comply with the Paris climate agreement’s goals for cutting emissions,
Upstream
2021, March, 2, 12:10:00
SHELL INVESTMENT FOR EGYPT $0.9 BLN
Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert
Upstream
2021, March, 1, 11:00:00
OIL PRICE: NOT ABOVE $66
Brent rose $1.07, or 1.7%, to $65.49 per barrel. WTI jumped $1.01, or 1.6%, to $62.51 a barrel.
Upstream
2021, March, 1, 10:15:00
U.S. RIGS UP 5 TO 402
U.S. Rig Count is up 5 from last week at 402, Canada Rig Count is down 9 from last week to 163,
Upstream
2021, February, 26, 11:50:00
OIL PRICE: NOT ABOVE $67
Brent fell 63 cents, or 0.9%, to $66.25 a barrel. WTI dropped 72 cents, or 1.1%, to $62.81 a barrel.
Upstream
2021, February, 25, 12:25:00
OIL PRICE: ABOVE $67
Brent gained 37 cents, 0.6%, to $67.41 a barrel. WTI was at $63.54 a barrel, up 32 cents, 0.5%.
Upstream
2021, February, 25, 12:05:00
IRAQ'S OIL EXPORTS 2.7 MBD
Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day (bpd) so far in February
Upstream
2021, February, 25, 11:45:00
U.S. OIL INVENTORIES UP 1.3 MB TO 463.0 MB
U.S. commercial crude oil inventories increased by 1.3 million barrels to 463.0 million barrels.
Upstream
2021, February, 24, 11:05:00
OIL PRICE: NEAR $65 ANEW
Brent fell 35 cents, or 0.5%, to $65.02 a barrel. WTI were down 56 cents or 0.9% at $61.11 a barrel.