All publications by tag «OIL»
2019, September, 11, 12:00:00OIL PRICE: NEAR $63
Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.
2019, September, 11, 11:55:00OIL PRICES 2019-20: $60-$62
Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020.
2019, September, 11, 11:40:00OPEC OIL PRODUCTION UP 230 TBD
OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,
2019, September, 11, 11:35:00IRAQ'S OIL PRODUCTION 4.65 MBD
Iraqi crude production rose to 4.65 million b/d in August, from 4.62 million b/d in July, the country's State Oil Marketing Organization said Monday, meaning the country pumped 140,000 b/d more than its OPEC quota of 4.51 million b/d.
2019, September, 11, 11:30:00BRAZIL'S OIL: $26 BLN
Brazil has announced the rules for an auction of oil drilling rights worth $26bn, setting the stage for Latin America’s top crude producer to become an even bigger player in the global market.
2019, September, 10, 18:05:00OIL PRICE:ABOVE $63
Brent was up 67 cents or 1.07% at $63.26 a barrel, WTI were up 63 cents, or 1.09%, at $58.48 a barrel.
2019, September, 10, 17:45:00ENERGY NEED INVESTMENT $11 TLN
The chief executive of the Abu Dhabi National Oil Company (ADNOC) said that the long-term outlook for global energy demand was “robust” and that investment of $11 trillion in oil and gas was needed to keep up with projected demand.
2019, September, 10, 17:05:00U.S. RIGS DOWN 6 TO 898
U.S. Rig Count is down 6 rigs from last week to 898, with oil rigs down 4 to 738, gas rigs down 2 to 160, and miscellaneous rigs unchanged at 0. Canada Rig Count is down 3 rigs from last week to 147, with oil rigs down 3 to 102 and gas rigs unchanged at 45.
2019, September, 6, 13:55:00OIL PRICE: NEAR $60 YET
Brent was up 6 cents at $61.01 a barrel, WTI was up 5 cents at $56.35 a barrel.
2019, September, 6, 13:50:00U.S. SHALE OIL CUTTING
Bankruptcy filings by U.S. energy producers through mid-August this year have nearly matched the total for the whole of 2018. A stock index of oil and gas producers hit an all-time low in August, a sign investors are expecting more trouble ahead.