Analysis
2020, December, 14, 13:00:00
OIL PRICE: ABOVE $50 YET
Brent rose 67 cents, or 1.3%, to $50.64 a barrel . WTI were up 62 cents, or 1.3%, at $47.19 a barrel.
2020, December, 14, 12:45:00
INDIA'S FUEL DEMAND UP
Consumption of refined fuels, a proxy for oil demand, in November rose 0.4% from the previous month to 17.83 million tonnes
2020, December, 14, 12:40:00
CHINA STOCKS UP
The blue-chip CSI300 index rose 0.9% to 4,934.84, while the Shanghai Composite Index added 0.7% to 3,369.12.
2020, December, 14, 12:15:00
U.S. RIGS UP 15 TO 338
U.S. Rig Count is up 15 from last week to 338 , Canada Rig Count is up 9 from last week to 111
2020, December, 11, 11:15:00
OIL PRICE: ABOVE $50
Brent was up 11 cents or 0.2% at $50.36 a barrel. WTI was up 11 cents or 0.2% at $50.36 a barrel.
2020, December, 11, 11:05:00
THIN OIL MARKET
At the Open of todays European Session, the BRENT was trading at 49.00 price average shrugging off the build and shifting more focus towards the demand and recovery.
2020, December, 11, 11:00:00
JAPAN STOCKS DOWN
MSCI’s ex-Japan Asia-Pacific index firmed 0.3%, on track for its sixth straight week of gains, while Japan’s Nikkei eased 0.4%.
2020, December, 10, 12:15:00
OIL PRICE: NEAR $49 YET
Brent climbed 12 cents, or 0.3%, to $48.98 a barrel. WTIrose 14 cents, or 0.3%, to $45.66 a barrel .
2020, December, 10, 12:10:00
U.S. OIL INVENTORIES UP 15.2 MB TO 503.2 MB
U.S. commercial crude oil inventories increased by 15.2 million barrels to 503.2 million barrels
2020, December, 10, 12:05:00
EUROPEAN HYDROGEN DEVELOPMENT $110 BLN
The Green Hydrogen Catapult target will require investment of roughly $110 billion and deliver more than 120,000 jobs, according to the groups.
2020, December, 10, 11:55:00
LIBYA'S OIL EXPORTS UP
Libya's oil production has undergone a rapid rebound of almost 1 million b/d in the past two months
2020, December, 10, 11:50:00
U.S. LPG FOR ASIA IS STABLE
The ample US shipments come as Chinese petrochemical sector demand for propane feedstock held firm amid high domestic prices of propylene,
2020, December, 10, 11:40:00
NUCLEAR ELECTRICITY COSTS WILL DOWN
The cost of electricity from new nuclear power plants remains stable, yet electricity from the long-term operation of existing plants constitutes the least cost option for low-carbon generation.
2020, December, 9, 11:50:00
OIL PRICE: NEAR $49
Brent rose 11 cents, or 0.2%, to $48.95 a barrel. WTI climbed 9 cents, or 0.2%, to $45.69.
2020, December, 9, 11:45:00
OIL PRICES 2021: $47 - $50
Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Brent prices will average $47/b in the first quarter of 2021 and rise to an average of $50/b by the fourth quarter.
