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2019-10-04 11:10:00

OIL PRICE: NEAR $58

OIL PRICE: NEAR  $58

REUTERS - Oil futures were higher ahead of the weekend but remained on track for large weekly losses on fears that slower global economic growth will hurt fuel demand, even as Saudi Arabia said it has fully restored oil output after recent attacks.

Brent crude oil futures LCOc1 rose 12 cents, or 0.2%, to $57.83 a barrel by 0703 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 9 cents, or 0.2%, to $52.54.

For the week, Brent was down 6.6%, marking its largest weekly loss since December. WTI was down 6% for the week, its biggest decline since July.

Brent crude oil futures LCOc1 rose 12 cents, or 0.2%, to $57.83 a barrel by 0703 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 9 cents, or 0.2%, to $52.54.

"Continued falls in drilling activity has seen monthly growth in U.S. shale oil output fall, from 150 thousand barrels per day (kbpd) to only 50 kbpd," said ANZ Bank on Friday.

"This is likely to linger well into 2020."

-----


Earlier:

OIL PRICE: NEAR  $58
2019, October, 2, 12:25:00
OIL PRICE: ABOVE $58
Brent crude rose 47 cents, or 0.8%, to $59.36 a barrel, West Texas Intermediate crude was at $54.29 a barrel, up 67 cents or 1.3%.
OIL PRICE: NEAR  $58
2019, September, 30, 15:20:00
OIL PRICE: NEAR $61 AGAIN
Brent were down 52 cents or 0.84% at $61.39 a barrel, WTI were 35 cents or 0.63% lower at $55.56 a barrel.
OIL PRICE: NEAR  $58
2019, September, 27, 13:45:00
OIL PRICE: ABOVE $62 YET
Brent fell 6 cents to $62.68 a barrel, WTI rose 18 cents to $56.59 a barrel
OIL PRICE: NEAR  $58
2019, September, 26, 14:00:00
OIL PRICE: ABOVE $61
Brent were at $62.55 a barrel, WTI gained 13 cents, or 0.23%, to $56.62 a barrel.
OIL PRICE: NEAR  $58
2019, September, 25, 15:15:00
OIL PRICE: NEAR $61
Brent were down $1.05 cents at $62.05 a barrel, WTI dropped to $56.47 a barrel, down 82 cents.
OIL PRICE: NEAR  $58
2019, September, 24, 18:15:00
OIL PRICE: ABOVE $62
Brent dropped 58 cents to $64.19 a barrel, WTI were at $58.15, down 49 cents.
OIL PRICE: NEAR  $58
2019, September, 23, 14:30:00
OIL PRICE: NEAR $63
Brent crude fell 30 cents to $63.98 a barrel, WTI was down 38 cents to $57.71.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR  $58
2021, August, 2, 12:19:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
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OIL PRICE: NEAR  $58
2021, August, 2, 12:18:00
ИНВЕСТИЦИОННЫЕ ПРОЕКТЫ УГОЛЬНЫХ ПРЕДПРИЯТИЙ РОССИИ
Команда Восток Капитал подготовила отчет по инвестиционным проектам угольных предприятий России, в котором представлены: Проекты по строительству новых угольных шахт и обогатительных фабрик Проекты по реконструкции существующих угольных разрезов Проекты по строительству и реконструкции морских портов и сопутствующей инфраструктуры
OIL PRICE: NEAR  $58
2021, August, 2, 12:15:00
NOVATEK PRODUCTION +7.8%
In the second quarter 2021, NOVATEK’s hydrocarbon production totaled 156.6 million barrels of oil equivalent (boe)
OIL PRICE: NEAR  $58
2021, August, 2, 12:10:00
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U.S. Rig Count is down 3 from last week to 488, Canada Rig Count is up 4 from last week to 153.
OIL PRICE: NEAR  $58
2021, July, 30, 08:40:00
OIL PRICE: ABOVE $75
Brent fell 45 cents, or 0.6%, to $75.60 a barrel, WTIfell 43 cents, or 0.6%, to $73.19 a barrel.
OIL PRICE: NEAR  $58
2021, July, 30, 08:35:00
RUSSIA'S NUCLEAR FOR EGYPT
Al-Araby Al-Jadeed reported on 19 July that Egypt had suspended planned meetings with Rosatom, again citing tensions over GERD.
OIL PRICE: NEAR  $58
2021, July, 30, 08:30:00
AMR NUCLEAR FOR BRITAIN
“With over 50 years’ experience of operating the world’s only commercial fleet of gas-cooled nuclear reactors, as well as sodium fast, steam generating heavy water and light water reactors, the UK uniquely boasts the skills, talent and capability to deliver advanced nuclear technologies and the entire supply chain that enables them.
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