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2015-01-06 12:55:00

OIL PRICES: BELOW $50

OIL PRICES: BELOW $50

Oil extended losses below $50 a barrel amid speculation that U.S. crude inventories will expand, exacerbating a global supply glut that's driven prices to the lowest level since April 2009.

Futures fell as much as 1.4 percent in New York, declining for a fourth day. Stockpiles in the world's biggest oil consumer probably rose by 750,000 barrels last week, a Bloomberg News survey shows. A gauge of the dollar held near a nine-year high, diminishing the investment appeal of commodities, as the Federal Reserve weighs raising interest rates and amid concern that Greece will leave the European Union.

Oil slumped almost…

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Tags: U.S., SAUDI, OIL, PRICES, OPEC,
Chronicle:
OIL PRICES: BELOW $50
2021, January, 21, 14:14:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
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2021, January, 21, 14:10:00
U.S. NUCLEAR DEVELOPMENT
The U.S. nuclear energy industry pulled out some big wins in 2020,
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2021, January, 21, 14:05:00
ENERGY TRANSITION INVESTMENT $500 BLN
In 2020, global investment in the low-carbon energy transition totalled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010.
OIL PRICES: BELOW $50
2021, January, 21, 14:00:00
AKER, MAINSTREAM ACQUISITION €900 MLN
Mainstream Renewable Power is the largest independent developer in Chile and has significant assets in Africa.
OIL PRICES: BELOW $50
2021, January, 21, 13:55:00
AUSTRALIA'S SANTOS PRODUCTION +18%
Record annual production of 89 mmboe, 18% above the prior year and at the top end of upgraded guidance provided in December
OIL PRICES: BELOW $50
2021, January, 21, 13:50:00
TC ENERGY DISAPOINTED
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OIL PRICES: BELOW $50
2021, January, 20, 14:50:00
OIL PRICE: ABOVE $56 ANEW
Brent was up 42 cents, or 0.8%, to $56.32. WTI climbed 51 cents, or 1%, to $53.49.
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