All publications by tag «OIL»
2020, April, 1, 13:00:00
RUSSIA, U.S. OIL DISCUSSION
The discussions between Washington and Moscow mark a new twist in global oil diplomacy since a failed deal earlier this month between the Organization of the Petroleum Exporting Countries and Russia to cut production ignited a price war that sent oil prices tumbling.
2020, April, 1, 12:55:00
CHINA PURCHASES U.S. OIL
China is boosting U.S. energy imports at a time when the world is swamped with excess supply after the Organization of the Petroleum Exporting Countries (OPEC) and Russia failed to extend production cuts and as measures to curb the spread of the coronavirus undermined demand.
2020, April, 1, 12:40:00
CHINA'S OIL PRODUCT CONSUMPTION DOWN
China's oil product consumption over the first two months of 2020 dropped 14.1% year on year to 41.94 million mt.
2020, March, 31, 13:50:00
OIL PRICE: NEAR $23 YET
Brent was up by 61 cents, or 2.7%, at $23.37 a barrel, WTI was up by $1.04, or 5.2%, at $21.13 a barrel
2020, March, 31, 13:45:00
PUTIN, TRUMP DISCUSSED OIL MARKET
Putin and Trump discussed the oil market at a time when prices continue to tumble due to the collapse of the OPEC+ crude production cut agreement, and the major economic impact of the coronavirus pandemic.
2020, March, 31, 13:30:00
IRAQ'S OIL PRICE $20
Iraq is selling around 70% of its crude exports to Asia,
2020, March, 30, 10:30:00
OIL PRICE: NEAR $23
Brent was down 5.8%, or $1.45, to $23.48 a barrel, WTI fell as far as $19.92, near an 18-year low hit earlier this month, and was last trading down 3.8%, or $0.82, at $20.69 a barrel.
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020