All publications by tag «OIL»
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2020, June, 4, 11:35:00
OIL DEFICIT 5 MBD
Russian Energy Minister Alexander Novak said on Thursday that the global oil market may see a shortage of 3-5 million barrels per day (bpd) in July, depending on the parameters of a deal to be reached by OPEC+ producers,
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2020, June, 3, 13:10:00
OIL PRICE: NEAR $40
Brent were up 59 cents, or 1.5%, at $40.16 a barrel, WTI gained 80 cents, or 2.2%, to $37.61.
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2020, June, 3, 12:50:00
U.S. SHALE RECOVERY
U.S. shale oil producers signaling they are ready to re-open wells that were shut during the market’s collapse.
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2020, June, 3, 12:40:00
BRAZIL'S PETROLEUM PRODUCTION 3.7 MBD
Companies operating in Brazil pumped 3.738 million b/d of oil equivalent in April
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2020, June, 2, 15:15:00
OIL PRICE: ABOVE $39
Brent rose 2.5%, or 97 cents, to $39.29 a barrel, WTI climbed 2.5%, or 88 cents, to $36.32 a barrel.
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2020, June, 2, 15:10:00
RESTORING OIL DEMAND
"The presidents addressed world oil market developments in the context of implementing the OPEC+ agreement," the Kremlin said. "It was stated that this multilateral agreement, reached with the active support of the presidents of Russia and the United States, would lead to a gradual restoration of oil demand and price stabilisation."
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2020, June, 2, 15:05:00
RUSSIA'S OIL PRODUCTION 9.39 MBD
Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May
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2020, June, 2, 15:00:00
CHINA'S ENERGY DEMAND UP
The recent rebound in domestic oil and gas consumption may be difficult to sustain over the rest of the year, as recent data for the China's economy suggests an uneven and difficult road to recovery that could weigh on energy demand.
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2020, June, 1, 11:05:00
OIL PRICE: NEAR $38
Brent was unchanged at $37.84 per barrel, WTI for July delivery were at $35.53 a barrel
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2020, June, 1, 10:35:00
U.S. OIL INVENTORIES UP BY 7.9 MB TO 534.4 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.