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2017-05-04 18:40:00

OPEC OIL EXPORTS

OPEC OIL EXPORTS

FTAs oil prices languish near $50 a barrel, energy traders are starting to point the finger at one previously overlooked culprit: exports.

For all Opec's self-imposed production restraint the group's exports have fallen by less than their output cuts might imply.

Morgan Stanley analysts say that while Opec has hit its target by cutting as much as 1.4m barrels a day of output to try and support the market, shipping data suggests the group's exports…

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Tags: OPEC, OIL, EXPORT
Chronicle:
OPEC OIL EXPORTS
2021, January, 28, 12:50:00
U.S. OIL INVENTORIES DOWN 9.9 MB TO 476.7 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
OPEC OIL EXPORTS
2021, January, 28, 12:45:00
EUROPEAN INDEXES DOWN ANEW
The pan-European STOXX 600 fell 1.9%, turning negative for the year
OPEC OIL EXPORTS
2021, January, 28, 12:40:00
EUROPEAN RENEWABLES HAVE TO DOUBLE
While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.
OPEC OIL EXPORTS
2021, January, 28, 12:35:00
U.S. FEDERAL FUNDS RATE 0.0 - 0.25% ANEW
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
OPEC OIL EXPORTS
2021, January, 28, 12:30:00
POLAND'S NUCLEAR DEVELOPMENT
During his introductory remarks, Adam Guibourgé-Czetwertyński, Poland's undersecretary of state for climate and environment, said the country had identified "a crucial role" for nuclear energy in its future energy mix.
OPEC OIL EXPORTS
2021, January, 28, 12:25:00
THE NEW CHINA'S PLATFORM
CNOOC has taken delivery of a 100,000-ton deepwater semisubmersible production and storage platform, built to ABS Class.
OPEC OIL EXPORTS
2021, January, 27, 14:15:00
OIL PRICE: BELOW $57
Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.
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