Analysis
2020, April, 13, 11:50:00
OPEC+ OIL CUTTING 12.5 MBD
effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day
2020, April, 13, 11:35:00
OPEC+ REDUCES OIL PRODUCTION BY 10 MBD
OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a pact to curb crude production by 10 million barrels per day (bpd) or 10% of global supplies in marathon talks on Thursday.
2020, April, 13, 11:30:00
OPEC+ U.S.: NO AGREEMENT
We will use the SPR to store as much oil as possible," US Energy Secretary Dan Brouillette said at a G20 energy summit. "This will take surplus oil off the market at a time when commercial storage is filling up and the market is oversupplied."
2020, April, 13, 11:15:00
COVID-19: ENERGY LANDSCAPE
Podcast/Audio - COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy
2020, April, 10, 12:25:00
OIL PRICE: ABOVE $31
Markets were closed for the Good Friday holiday in major centres. But on Thursday, Brent oil prices LCOc1, which hit an 18-year low last month, were trading around $32 a barrel, half their level at the end of 2019.
2020, April, 10, 12:15:00
OPEC+ CONVERSATION
Under the proposed deal, the 10 million b/d OPEC+ cuts would cover the months of May and June, and then be rolled back to 8 million b/d for the rest of 2020, and then down to 6 million b/d for all of 2021 through April 22,
2020, April, 10, 12:10:00
U.S.$ DOWN
Against the euro EUR=EBS, the dollar last stood at $1.0941, on course for 1.3% weekly decline.
2020, April, 10, 12:05:00
NOVATEK'S PRODUCTION UP BY 2.1%
In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent
2020, April, 10, 11:55:00
U.S. RIGS DOWN 62 TO 602
U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35
2020, April, 9, 12:05:00
OIL PRICE: NEAR $34
Brent rose by almost 2.6%, or 87 cents, to $33.71 a barrel, WTI were up 5%, or $1.27 cents, at $26.36 a barrel
2020, April, 9, 12:00:00
SAUDI ARABIA, RUSSIA, U.S. CONVERSATION
The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.
2020, April, 9, 11:55:00
SAUDI ARABIA, RUSSIA, U.S. REDUCTION
Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.
2020, April, 9, 11:50:00
OPEC+ SEEKS CUTS TO 15 MBD
The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.
2020, April, 9, 11:45:00
CHINA STOCKS UP
China - at the close, the Shanghai Composite index was up 0.37% at 2,825.90.
