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2016-04-28 20:14:00

OIL DEMAND & PRICES UP

OIL DEMAND & PRICES UP

Global crude oil prices in April rose in response to near-term supply concerns and a more positive economic outlook that suggests rising demand for crude oil.

The stronger crude oil demand outlook is likely the main reason for higher crude prices across the entire futures curve, whereas the near-term supply concerns are putting additional upward pressure on prices for near-term delivery. As a result, the futures curve for crude oil has both shifted since the beginning of the month and flattened out. The flatter futures curve means that the market's contango (when prices for near-term deliveries are lower than prices for…

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Tags: OIL, DEMAND, PRICES

Chronicle:

OIL DEMAND PRICES UP
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

OIL DEMAND PRICES UP
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

OIL DEMAND PRICES UP
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

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2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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