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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
2019, March, 18, 13:00:00

U.S., RUSSIA SANCTIONS FOREVER

U.S. DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Russian individuals and eight entities in response to Russia’s continued and ongoing aggression in Ukraine.

OIL PRICE: NOT ABOVE $70
2019, March, 18, 12:55:00

SHAKY INDIA'S LNG

India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers and hinder growth rates.

OIL PRICE: NOT ABOVE $70
2019, March, 18, 12:50:00

РУССКИЙ ГАЗ ДЛЯ ФРАНЦИИ

По итогам 2018 года «Газпром» увеличил экспорт газа в республику на 5,4% по сравнению с 2017 годом — до 12,9 млрд куб. м. В начале 2019 года рост продолжается: с 1 января по 14 марта, по предварительным данным, объем экспорта составил 2,5 млрд куб. м, что на 1,9% больше, чем за аналогичный период 2018 года.

OIL PRICE: NOT ABOVE $70
2019, March, 18, 12:45:00

UAE RENEWABLE ENERGY

Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.

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