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2019-03-01 12:20:00

OIL PRICE: NOT ABOVE $70

OIL PRICE: NOT ABOVE $70

REUTERS - 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.

International Brent crude futures were at $66.85 per barrel at 0750 GMT, up 54 cents, or 0.81 percent, from their last settlement.

U.S.…

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Earlier:

OIL PRICE: NOT ABOVE $70
2019, March, 18, 13:10:00
BRENT OIL: UNDERVALUED
In the context of supply and demand balance,the current price of BRENT oil is undervalued.Neither OPEC nor the IEA has considerably brought down their forecasts for global oil demand in the current year.
OIL PRICE: NOT ABOVE $70
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: NOT ABOVE $70
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.
OIL PRICE: NOT ABOVE $70
2019, February, 27, 09:40:00
OPEC CONTINUE CUTS
REUTERS - Based on current market data, the so-called OPEC+ group is “likely to continue with the production cuts until the end of the year”, the source told Reuters.
OIL PRICE: NOT ABOVE $70
2019, February, 20, 11:50:00
OIL PRICE: ABOVE $66 YET
REUTERS - International Brent crude futures were at $66.41 per barrel, down 4 cents from their last close, though still not far off their 2019 high of $66.83 per barrel, hit on Monday. U.S. West Texas Intermediate (WTI) crude oil futures hit 2019 highs of $56.39 per barrel on Wednesday but had slipped back to $56.16 per barrel by 0746 GMT, which was slightly above their last settlement.
OIL PRICE: NOT ABOVE $70
2019, February, 18, 12:25:00
OIL DEMAND GROWTH 1.4 MBD
IEA - Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d.
OIL PRICE: NOT ABOVE $70
2019, February, 13, 12:20:00
OIL PRICE: NEAR $63 AGAIN
REUTERS - Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NOT ABOVE $70
2020, October, 28, 13:49:00
6TH ANNUAL POWER WEEK ASIA IS GOING DIGITAL
POWER WEEK ASIA attracts the industry leaders from national power companies, government regulators, policy makers, renewable & IPPs, investors and suppliers from around the globe.
OIL PRICE: NOT ABOVE $70
2020, October, 28, 13:48:00
JOIN THE 3RD ANNUAL POWER WEEK AFRICA VIRTUAL CONFERENCE
Specially designed for the African electric power & energy industry, POWER WEEK AFRICA (16 – 19 November 2020) is the 3rd annual international virtual conference delivering a unique experience for each day of the event.
OIL PRICE: NOT ABOVE $70
2020, October, 28, 13:45:00
RUSSIAN ARCTIC STRATEGY 2035
Opportunities include further development of hydrocarbons reserves in Russia's Arctic offshore zone, which contains over 85.1 trillion cubic meters of natural gas, and 17.3 billion mt of crude and condensate.
OIL PRICE: NOT ABOVE $70
2020, October, 27, 14:50:22
OIL PRICE: NEAR $41 ANEW
Brent was up 52 cents, or 1.3%, at $40.98 a barrel, WTI gained 38 cents, or 1%, to $38.94.
OIL PRICE: NOT ABOVE $70
2020, October, 27, 14:45:00
CHINA OIL IMPORTS UP
Crude oil is considered a key product to complete China's annual energy purchase commitments due to the commodity's typically higher value and volume compared with other energy products.
OIL PRICE: NOT ABOVE $70
2020, October, 27, 14:40:00
INDIA GAS CONSUMPTION UP
Gas accounts for little over 6pc of India’s primary energy consumption mix, which is far below the global average. New Delhi has set a target to raise this to 15pc by 2030,
OIL PRICE: NOT ABOVE $70
2020, October, 27, 14:35:00
INDIA, OPEC COOPERATION
Your Excellency, Prime Minister Modi, OPEC is a reliable partner of India and the great strategy you set out for your esteemed country. Long may this relationship continue to blossom.
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