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2014-11-01 12:50:00

OIL PRICES TRENDS

OIL PRICES TRENDS

Brent crude capped a sixth weekly loss, the longest losing streak since 2002, as OPEC boosted production to a 14-month high amid a global surplus. West Texas Intermediate posted the biggest monthly drop in more than two years.

Brent fell 9.3 percent this month, the biggest monthly decline since May 2012. U.S. crude production climbed to the highest level in at least three decades last week. Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month.

"Fears of a supply glut and slow economic conditions continue to weigh on the market," said Gene…

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Tags: OIL, PRICES, BRENT, WTI
Chronicle:
OIL PRICES TRENDS
2019, September, 18, 17:55:00
U.S. GAS, WIND WILL UP
U.S. Energy Information Administration (EIA) forecasts that natural gas-fired electricity generation in the United States will increase by 6% in 2019 and by 2% in 2020. EIA also forecasts that generation from wind power will increase by 6% in 2019 and by 14% in 2020.
OIL PRICES TRENDS
2019, September, 18, 17:50:00
U.S. INDUSTRIAL PRODUCTION UP 0.6%
Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year.
OIL PRICES TRENDS
2019, September, 18, 17:45:00
FRANCE'S SMALL NUCLEAR
A new small modular reactor (SMR) design has been announced by the French Alternative Energies and Atomic Energy Commission (CEA), EDF, Naval Group and TechnicAtome. The Nuward - with a capacity of 300-400 MWe - has been jointly developed using France's experience in pressurised water reactors (PWRs).
OIL PRICES TRENDS
2019, September, 18, 17:40:00
MONGOLIA'S GDP UP 6.5%
Mongolia’s economy has recovered vigorously from the recent downturn. Economy growth accelerated to 8.6 percent in the first quarter of 2019, over fiscal balance turned into surplus in 2018, and gross international reserves have increased by $2½ billion since 2016.
OIL PRICES TRENDS
2019, September, 17, 13:10:00
OIL PRICE: ABOVE $67
Brent was down 36 cents, or 0.5%, at $68.66 a barrel, and WTI was down 57 cents, or 0.9%, at $62.33 a barrel. Earlier, the crude benchmarks both fell by around 2%.
OIL PRICES TRENDS
2019, September, 17, 13:05:00
OPEC+ FULFILL OBLIGATIONS
"Nobody has changed the parameters of the [OPEC+} deal. So, I think that we all agreed in Abu Dhabi, that everyone should fulfill their obligations," Novak said, when asked if Russia needs to continue to comply.
OIL PRICES TRENDS
2019, September, 17, 13:00:00
CONFORMITY LEVEL 136%
Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.
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