All publications by tag «OIL»
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2021, March, 5, 11:50:00
OPEC+ CONTINUED REDUCTIONS
According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut
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2021, March, 5, 11:25:00
U.S. OIL INVENTORIES UP 21.6 MB TO 484.6 MB
U.S. commercial crude oil inventories increased by 21.6 million barrels to 484.6 million barrels.
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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.
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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.
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2021, March, 3, 12:55:00
GLOBAL OIL MARKET: CAUTIOUS OPTIMISM
“We must emphasize in strong terms: cautious optimism, cautious optimism, cautious optimism.”
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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.
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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.
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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.
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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,
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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.