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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, July, 20, 12:50:00
U.S. GAS PRICES DOWN TO $2.37 MMBTU
the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per million British thermal units (MMBtu). If realized, this price would be the lowest summer average Henry Hub natural gas price since 1998.
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2019, July, 20, 12:45:00
RUSSIA'S NUCLEAR COMPETITIVENESS
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2019, July, 20, 12:40:00
ADVANCED U.S. NUCLEAR
A bipartisan group of 15 senators introduced a bill in March to instate NELA, which would offer incentives and set federal goals for advanced nuclear energy.
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2019, July, 20, 12:35:00
NORWAY'S PRODUCTION 1.4 MBD
Preliminary production figures for June 2019 show an average daily production of 1 409 000 barrels of oil, NGL and condensate, which is a decrease of 184 000 barrels per day compared to May.
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2019, July, 20, 12:30:00
U.S. URANIUM IMPORTS
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2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
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2019, July, 20, 12:20:00
AUSTRALIA'S LNG EXPORT UP TO 11.4 BCFD
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