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2016-08-25 18:50:00

OIL PRICES: $49 AGAIN

OIL PRICES: $49 AGAIN

According to REUTERS, oil prices dipped on Thursday, extending the previous day's decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support.

International benchmark Brent crude oil futures were trading down 10 cents at $48.85 per barrel at 0709 GMT, having closed down 1.8 percent the previous day.

U.S. West Texas Intermediate (WTI)…

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Tags: OIL, PRICES, BRENT, WTI
Chronicle:
OIL PRICES: $49 AGAIN
2019, August, 16, 10:10:00
MALAYSIA'S GDP UP 4.9%
Malaysia's central bank data on Friday showed second quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast
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2019, August, 14, 12:25:00
OIL PRICE: NEAR $61 YET
Brent crude was down 46 cents, or 0.8%, at $60.84 a barrel at 0639 GMT, after rising 4.7% on Tuesday, the biggest percentage gain since December. U.S. oil was down 62 cents, or 1.1%, at $56.48 a barrel, having risen 4% the previous session, the most in just over a month.
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2019, August, 14, 12:20:00
CHINA'S OIL THROUGHPUT UP 5.6%
For the first seven months of 2019, Chinese crude throughput rose 5.6% from a year earlier to 369.73 million tonnes, or 12.73 million bpd, the NBS reported.
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2019, August, 14, 12:15:00
MENA ENERGY INVESTMENT: $859 BLN
Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
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Coal currently makes up around 60% of the country’s energy mix versus about 5% from geothermal power, according to data from state utility company PT Perusahaan Listrik Negara (PLN).
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IBERDOLA SALES WIND: $2 BLN
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AUSTRALIA'S CLIMATE CASH $339 MLN
Australia will give A$500 million ($339 million) to Pacific island nations for renewable energy projects and to help them prepare for the impact of climate change
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