All publications by tag «OIL»
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2021, March, 31, 11:50:00
OPEC PROTECTS OIL PRICE
OPEC+ will discuss whether to revive part of the 1.2 million barrels a day of output it’s committed to returning to the market in installments this year. At the same time, the Saudis will review the status of an additional 1 million barrel-a-day cut they have been making since February to accelerate the process of clearing the lingering oil glut.
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2021, March, 30, 12:45:00
OIL PRICE: NEAR $65
Brent was down 21 cents, or 0.3%, at $65.19 a barrel. WTI was up 19 cents, or 0.3%, at $61.75 a barrel.
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2021, March, 30, 12:40:00
OIL NEEDS A SOLUTION
Faltering oil prices in recent days after a weeks-long surge to around $70/b have many analysts forecasting that the OPEC+ group of producers may largely roll over their quotas for at least another month.
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2021, March, 29, 13:35:00
OIL PRICE: ABOVE $64 YET
Brent was down 29 cents, or 0.5%, at $64.28 a barrel. WTI fell 55 cents, or 1%, to $60.42 a barrel.
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2021, March, 29, 13:10:00
IRAN, CHINA COOPERATION
"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"
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2021, March, 29, 12:40:00
U.S. RIGS UP 6 TO 417
U.S. Rig Count is up 6 from last week at 417, Canada Rig Count is down 11 from last week to 81
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2021, March, 26, 12:30:00
OIL PRICE: ABOVE $63 ANEW
Brent was higher by 54 cents, or 0.9%, at $62.49 a barrel. WTI was up 65 cents, or 1.1%, at $59.21 a barrel.
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2021, March, 25, 12:25:00
OIL PRICE: ABOVE $63
Brent slid 77 cents, or 1.2%, to $63.64 a barrel. WTI dropped by 87 cents, or 1.4%, to $60.31 a barrel.
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2021, March, 25, 12:05:00
U.S. OIL INVENTORIES UP 1.9 MB TO 502.7 MB
U.S. commercial crude oil inventories increased by 1.9 million barrels to 502.7 million barrels.
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2021, March, 25, 11:55:00
ARGENTINA'S OIL GAS INVESTMENT $2.7 BLN
Overall, the company plans to invest US$2.7bn in 2021 (+73% compared with a previous plan), of which 80% will be aimed at boosting oil and gas production in its fields,