All publications by tag «oil»
2020, March, 10, 13:30:00
SAUDI ARABIA'S OIL PRODUCTION GROWTH
Saudi Arabia has said it could raise production to 12 million barrels per day,
2020, March, 9, 15:00:00
OIL PRICE: ABOVE $35
Brent were down 22% at $37.05 a barrel, WTI fell by more than 24%, to $33.20 a barrel,
2020, March, 9, 14:55:00
SAUDI'S OIL PRICES DOWN
A Saudi industry source said the world's biggest oil exporter is merely responding to Novak's comments that as of April 1, countries are no longer bound by their quotas. The current OPEC+ agreement to cut 1.7 million b/d winds up at the end of March.
2020, March, 9, 14:50:00
OPEC RECOMMEND 1.5 MBD
OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.
2020, March, 9, 14:20:00
U.S. RIGS UP 3 TO 793
U.S. Rig Count is up 3 rigs from last week to 793, Canada Rig Count is down 37 rigs from last week to 203.
2020, March, 6, 12:45:00
OIL PRICE: NEAR $49
Brent crude fell 49 cents, or 0.98%, to $49.50 per barrel, WTI was down 46 cents, or 1%, at $45.44 per barrel.
2020, March, 6, 12:40:00
OPEC NEEDS REDUCTION 1.5 MBD
With oil prices tumbling, OPEC now wants to deepen its production cuts with non-OPEC allies by 1.5 million b/d for the full year 2020, instead of just the second quarter, sources said Thursday.
2020, March, 6, 12:30:00
U.S. OIL EXPORTS +45%
U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019,
2020, March, 4, 10:05:00
OIL PRICE: NOT ABOVE $53
Brent rose by 78 cents, or 1.50%, to $52.64 a barrel, WTI rose by 72 cents, or 1.53%, to $47.90 a barrel,
2020, March, 4, 10:00:00
OPEC'S PROPOSAL: $60
“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.
