Prices
2018, May, 18, 09:20:00
OIL PRICE: ABOVE $79
REUTERS - Brent crude futures LCOc1 were at $79.57 per barrel at 0310 GMT, up 27 cents, or 0.3 percent from their last close. Brent broke through $80 for the first time since November 2014 on Thursday. U.S. West Texas Intermediate (WTI) crude futures were at $71.62 a barrel, up 13 cents, or 0.2 percent, from their last settlement.
2018, May, 18, 09:10:00
TIGHT MARKET BALANCE
IEA - Because of rising prices, we lowered our estimate for 2018 global oil demand growth by 40 kb/d to 1.4 mb/d, and we increased our expectation for US oil production growth this year by 120 kb/d.
2018, May, 16, 12:35:00
OIL PRICE: ABOVE $77 ANEW
REUTERS - Brent crude futures were at $78.22 per barrel at 0644 GMT, down 21 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $71.03 a barrel, down 28 cents, or 0.4 percent, from their last settlement.
2018, May, 16, 12:30:00
OIL MARKET BALANCE
PLATTS - "It is too early to say [what the impact of the US decision on the oil market will be]. In any case, we have all the tools that could be used to balance the market," Novak said, commenting on the potential impact of the move on the oil markets.
2018, May, 14, 11:40:00
OIL PRICE: ABOVE $76
REUTERS - Brent crude futures LCOc1 were at $76.79 per barrel at 0648 GMT, down 33 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $70.44 a barrel, down 26 cents, or 0.3 percent.
2018, May, 14, 11:35:00
GLOBAL IRAN SANCTIONS
PLATTS - Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets.
2018, May, 14, 11:30:00
SAUDIS - RUSSIA COORDINATION
FT - “Any action will be taken in co-ordination with other producers,” the person said on Wednesday, adding that Saudi Arabia was already in talks with Russia and other producers, including the UAE.
2018, May, 14, 10:40:00
BLACKSTONE'S ENERGY FUND
PENEWS - Blackstone Group LP is planning a first close this quarter on more than half of the roughly $4.5 billion it seeks for its third energy fund, according to a person familiar with the matter. The New York firm is raising the pool three years after it sealed $4.5 billion for its previous energy fund, people said.
2018, May, 10, 13:30:00
OIL PRICE: ABOVE $77
REUTERS - Brent crude futures were up 29 cents at $77.50 a barrel by 0933 GMT, having gained 3.5 percent so far this week, the largest weekly increase since mid-April. U.S. West Texas Intermediate crude futures were up 42 cents at $71.56 a barrel.
2018, May, 10, 13:20:00
OIL PRICES 2018 - 19: $71 - $66
EIA - Brent crude oil spot prices averaged $72 per barrel (b) in April, an increase of $6/b from the March level and the first time monthly Brent crude oil prices have averaged more than $70/b since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $66/b in 2019, which are $7/b and $3/b higher, respectively, than in the April
2018, May, 10, 13:15:00
INDIA'S OIL RISK
BLOOMBERG - India sees a greater probability of global crude oil prices remaining high for a longer period, a scenario that threatens to dent growth and fan inflation in Asia’s third-largest economy.
2018, May, 10, 13:10:00
OIL MARKET STABILITY
PLATTS - Saudi Arabia's energy minister Khalid al-Falih said Wednesday that the country would work closely with OPEC as well as non-OPEC producers to mitigate the impact of any shortages that might arise following the US' decision to withdraw from the Iran nuclear deal.
2018, May, 8, 11:00:00
OIL PRICE: ABOVE $75 YET
REUTERS - U.S. crude futures last traded at $70.11 per barrel, down 0.9 percent from Monday’s settlement price. Global benchmark Brent crude futures stood at $75.64 per barrel, down 0.7 percent, having risen as high as $76.34 on Monday.
2018, May, 7, 08:50:00
OIL PRICE: ABOVE $75
REUTERS - Brent crude oil futures were at $75.71 per barrel, up 84 cents, or 1.12 percent from their last close at 0416 GMT after climbing to $75.89 a barrel earlier in the session, its highest since November 2014. U.S. West Texas Intermediate (WTI) crude futures rose 0.95 percent to trade at $70.39 per barrel, up 66 cents from their last settlement.
2018, May, 7, 08:35:00
IRAN NEEDS REASONABLE PRICE
SHANA - Iranian Minister of Petroleum Bijan Zangeneh said Tehran preferred "reasonable" price for crude oil in a bid to avoid market instability.