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2019-03-07 12:05:00

OIL PRICE: NEAR $66

OIL PRICE: NEAR $66

REUTERSOil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.

Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 percent, from their last close.

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Earlier:

OIL PRICE: NEAR $66
2019, March, 6, 11:55:00
OIL PRICE: ABOVE $65
Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led production cuts.
OIL PRICE: NEAR $66
2019, March, 4, 11:20:00
OIL PRICE: NOT ABOVE $70 YET
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth.
OIL PRICE: NEAR $66
2019, March, 1, 12:20:00
OIL PRICE: NOT ABOVE $70
Oil prices climbed on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and concerns of global economic slowdown kept a lid on further gains.
OIL PRICE: NEAR $66
2019, March, 1, 12:15:00
OIL PRICES WILL BE $60-$70
The next 10-15 years will be a period of stable development for the oil industry and prices will remain relatively high at $60-$70/b, the CEO of Lukoil, Russia's second-largest crude producer, said Wednesday.
OIL PRICE: NEAR $66
2019, March, 1, 12:10:00
OIL PRICES 2019-20: ABOVE $60
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
OIL PRICE: NEAR $66
2019, February, 27, 09:55:00
OIL PRICE: NEAR $66 ANEW
Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
OIL PRICE: NEAR $66
2019, February, 27, 09:45:00
OIL MARKET BALANCE
Abu Dhabi: Energy Minister Suhail Al Mazroui said the oil market is on the “right track” and that the market will quickly return to balance in the first quarter of this year.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $66
2019, September, 17, 12:45:00
UAE, INDONESIA COOPERATION: $10 BLN
Al Mazrouei cited the recent visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia, during which a number of business and investment cooperation agreements in areas of energy and infrastructure worth $10 billion were signed .
OIL PRICE: NEAR $66
2019, September, 17, 12:40:00
INDIA'S RENEWABLE INVESTMENT $2 BLN
the Indian government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each.
OIL PRICE: NEAR $66
2019, September, 17, 12:35:00
ABU DHABI'S SOLAR PLANT 2GW
Emirates Water and Electricity Company (Ewec) has revealed that construction work on the 2,000MW solar plant in Al Dhafra region is under way, with the photovoltaic (PV) power project expected to be operational in the first quarter of 2022 taking Abu Dhabi’s solar capacity to 3,200MW.
OIL PRICE: NEAR $66
2019, September, 17, 12:30:00
IAEA, ASEAN COOPERATION
The use of nuclear science and technology for peaceful purposes is to become more widespread in Southeast Asia following the signing of Practical Arrangements between the International Atomic Energy Agency (IAEA) and the Association of Southeast Asian Nations (ASEAN).
OIL PRICE: NEAR $66
2019, September, 16, 15:20:00
OIL PRICE: NEAR $66
Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, WTI futures climbed as much as 15.5% to $63.34
OIL PRICE: NEAR $66
2019, September, 16, 15:00:00
SAUDI ARABIA'S OIL RISKS
Dollar-denominated bonds issued by Saudi Arabia’s government and state oil company Saudi Aramco tumbled to multi-week lows on Monday after a weekend attack on Saudi Arabia’s oil facilities shut about 5% of global output.
OIL PRICE: NEAR $66
2019, September, 16, 14:50:00
CHINA'S OIL THROUGHPUT UP 7%
Over the first eight months of 2019, total crude throughput at refineries across China was 5.9% higher year on year at 424.16 million mt, or 12.79 million b/d,
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