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2020, March, 27, 13:20:00
U.S. GDP UP 2.1% ANEW
U.S. real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019
2020, March, 26, 11:45:00
OIL PRICE: NEAR $27 YET
Brent fell 64 cents, or 2.3%, to $26.75 a barrel, WTI fell 78 cents, or 3.2%, to $23.71 a barrel
2020, March, 26, 11:40:00
#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
2020, March, 26, 11:30:00
HELP FOR U.S.: $2 TLN
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
2020, March, 26, 11:25:00
ARAMCO PLANS TO SUPPLY 12.3 MBD
Aramco plans to supply 12.3 million barrels per day of crude in the next two months, after talks with Russia to deepend OPEC+ output cuts floundered, starting a price war. The company will draw 3 million barrels per day from its stocks, producing 12 million barrels per day.
2020, March, 26, 11:20:00
IMF: GLOBAL GROWTH IS NEGATIVE
“First, the outlook for global growth: for 2020 it is negative—a recession at least as bad as during the global financial crisis or worse. But we expect recovery in 2021. To get there, it is paramount to prioritize containment and strengthen health systems—everywhere. The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be.
2020, March, 26, 11:15:00
MUBADALA, OMV AGREEMENT $4.68 BLN
OMV, which currently owns a 36 percent stake in Borealis, will acquire an additional 39 percent from Mubadala.
The transaction value amounts to $4.68 billion and represents the biggest acquisition in OMV’s history and the largest transaction ever for Mubadala.
2020, March, 25, 13:45:00
OIL PRICE: NEAR $27
Brent was trading up 65 cents, or 2.4%, at $27.80 a barrel, WTI rose to a high of $25.24 a barrel