All publications by tag «OPEC»
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2017, September, 4, 12:40:00
OIL PRICE: NOT BELOW $ 52
Brent crude futures LCOc1, the international benchmark for oil prices, had fallen by almost 1 percent from their last close, or 41 cents, to $52.34 per barrel by 0655 GMT.
U.S. West Texas Intermediate (WTI) Clc1 crude futures were more stable, at $47.30 barrel, close to their last settlement.
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2017, September, 4, 12:25:00
NIGERIA'S OIL PRODUCTION: 2.2 MBD
The figure of around 2.2 million to 2.3 million b/d includes about 300,000 to 400,000 b/d of condensates, which implies that its current crude oil production is at the coveted 1.8 million b/d mark.
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2017, August, 31, 12:30:00
OIL PRICE: NOT ABOVE $51
The October light, sweet crude contract on NYMEX fell 13¢ on Aug. 29 to settle at $46.44/bbl while the November contract was up 4¢ to settle at $47/bbl.
The NYMEX natural gas price for September gained 3.6¢ to a rounded $2.96/MMbtu. The Henry Hub cash gas price was $2.88/MMbtu, down 4¢.
The Brent crude contract for October on London’s ICE was up 11¢ to $52/bbl. The November contract gained 24¢ to $51.66/bbl. The September gas oil contract was $484.50/tonne on Aug. 29, up 25¢.
The Organization of Petroleum Exporting Countries’ basket of crudes on Aug. 29 was $49.51/bbl, down 35¢.
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2017, August, 31, 12:25:00
SAUDIS - RUSSIA OIL DEAL
Top oil producers Saudi Arabia and Russia are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers in place through the end of June, people familiar with the matter said.
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2017, August, 29, 18:20:00
OIL PRICE: NOT ABOVE $52 AGAIN
International Brent crude futures LCOc1 were 32 cents lower at $51.57 per barrel, having traded as high as $52.19 earlier in the day.
U.S. West Texas Intermediate (WTI) crude CLc1 edged down 5 cents to $46.52 a barrel, after falling more than 2 percent in the previous session.
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2017, August, 28, 20:00:00
OIL PRICE: NOT ABOVE $53 AGAIN
U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 52 cents at $47.35 a barrel.
Brent crude LCOc1 was down 12 cents at $52.29 per barrel.
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2017, August, 24, 14:30:00
OIL PRICE: NOT ABOVE $53
Brent crude futures, LCOc1 the international benchmark for oil prices, were at $51.92 per barrel at 0652 GMT, down 18 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $48.70 a barrel, down 12 cents, or 0.3 percent.
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2017, August, 17, 15:25:00
OIL PRICE: NOT ABOVE $51
Brent crude LCOc1 was unchanged at $50.27 a barrel by 0845 GMT. U.S. light crude CLc1 was 5 cents lower at $46.73.
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2017, August, 16, 09:45:00
OIL PRICE: NOT ABOVE $52 YET
Brent crude futures LCOc1 were at $51.02 per barrel at 0218 GMT, up 22 cents or 0.4 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.70 a barrel, up 15 cents, or 0.3 percent.
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2017, August, 16, 09:30:00
OPEC: GLOBAL OIL DEMAND WILL UP TO 97.8 MBD
OPEC said world oil demand in 2018 will grow 1.28 million b/d from 2017 levels, meaning that total oil consumption is expected to hit a new record high of 97.8 million b/d in 2018.