All publications by tag «OIL»
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2021, February, 15, 13:10:00
U.S. RIGS UP 5 TO 397
U.S. Rig Count is up 5 from last week to 397, Canada Rig Count is up 5 from last week to 176.
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2021, February, 12, 12:20:00
OIL PRICE: ABOVE $60
Brent was down 39 cents, or 0.6% at $60.75 a barrel. WTI was down 44 cents, or 0.8% at $57.80 a barrel.
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2021, February, 12, 12:15:00
GLOBAL OIL DEMAND + 5.8 MBD
For 2021, oil demand is now anticipated to increase by 5.8 mb/d, revised down by around 0.1 mb/d from last month’s projection, to average 96.1 mb/d.
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2021, February, 12, 12:10:00
U.S. OIL INVENTORIES DOWN 6.6 MB TO 469.0 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
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2021, February, 12, 12:05:00
OIL REVENUES WILL DOWN $9 TLN
OPEC has long maintained that oil will remain a dominant energy source in the decades to come.
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2021, February, 12, 11:55:00
OIL ISN'T ENOUGH FOR $3 TRLN
To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of oil need to be added to currently producing assets.
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2021, February, 11, 14:30:00
OIL PRICE: NEAR $61 YET
Brent fell 35 cents, or 0.6%, to $61.12 a barrel. WTI slid 34 cents, or 0.6%, to $58.34 a barrel.
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2021, February, 11, 14:25:00
U.S. OIL IMPORTS WILL UP
U.S. increases in net crude oil imports in 2021 and 2022 because domestic crude oil production and inventory draws alone will not meet the needs of U.S. refineries.
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2021, February, 11, 14:10:00
SHELL OIL PRODUCTION WILL DOWN
An expected gradual reduction in oil production of around 1-2% each year, including divestments and natural decline.
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2021, February, 10, 12:00:00
OIL PRICE: NEAR $61 ANEW
Brent was down by 1 cent at $61.08. WTI dropped 8 cents to $58.28.