All publications by tag «OIL»
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2020, June, 15, 13:35:00
IRAQ WILL EXPORT 2.8 MBD
Iraq pumped 4.213 million b/d of crude oil in May, above its OPEC+ quota of 3.592 million b/d and exported 3.63 million b/d, oil marketer SOMO said on June 7.
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2020, June, 15, 13:05:00
CANADA'S OIL & GAS LOANS UP
“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”
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2020, June, 15, 13:00:00
U.S. RIGS DOWN 5 TO 279
U.S. Rig Count is down 5 rigs from last week to 279, Canada Rig Count is unchanged from last week at 21
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2020, June, 11, 10:25:00
OIL PRICE: ABOVE $40 AGAIN
Brent fell 3.4%, or $1.42, to $40.31 a barrel, WTI dropped 4%, or $1.60, to $38 a barrel,
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2020, June, 11, 10:20:00
U.S. OIL INVENTORIES UP BY 5.7 MB TO 538.1 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year.
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2020, June, 11, 10:15:00
OIL MARKET DEFICIT 4 MBD
The imbalance is forecast to reach 4.6 million bpd in July, 4.2 million bpd in August
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2020, June, 11, 10:12:00
OIL PRICE CAP
A decisive close below 36.25$/barrel will prompt a seemingly BEARISH move towards the low price 30$/barrel range and a maximum test at 29.00$/barrel support zone.
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2020, June, 11, 10:05:00
NIGERIA AGREES TO OPEC+
"Our oversupply was a little less than 100,000 b/d against the agreed numbers, and so that is not really that significant," Kyari said.
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2020, June, 10, 13:00:00
OIL PRICE: ABOVE $40 YET
Brent fell 70 cents, or 1.7%, to $40.48 a barrel, WTI dropped 98 cents, or 2.5%, to $37.96.
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2020, June, 10, 12:55:00
OIL PRICES 2020-21: $37-$48
monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.