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2019-03-01 12:10:00

OIL PRICES 2019-20: ABOVE $60

OIL PRICES 2019-20: ABOVE $60

U.S. EIAShort-Term Energy Outlook (STEO), February 2019

Global liquid fuels

• 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. EIA forecasts Brent spot prices will average $61/b in 2019 and $62/b in 2020, compared with an average…

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OIL PRICES 2019-20: ABOVE $60
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 PRICES 2019-20: ABOVE $60
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 PRICES 2019-20: ABOVE $60
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 PRICES 2019-20: ABOVE $60
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 PRICES 2019-20: ABOVE $60
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 PRICES 2019-20: ABOVE $60
2019, February, 15, 12:00:00
OPEC REMAINS HARD
PLATTS - "Our primary objective is to ensure that the oil market remains in balance throughout 2019 and beyond in order to build on the success of the past couple of years," added Barkindo.
OIL PRICES 2019-20: ABOVE $60
2019, February, 13, 12:15:00
OPEC OIL PRODUCTION 30.81 MBD
PLATTS - OPEC has painted a bearish picture for 2019, with demand for its crude oil expected to fall due to weak demand growth and a sharp rise in output from producers outside the group.
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Tags: OIL, GAS, PRICE, BRENT, WTI,
Chronicle:
OIL PRICES 2019-20: ABOVE $60
2019, September, 11, 11:25:00
DUTCH GRONINGEN GAS DOWN 6%
Dutch Groningen gas production in August was down 6% on the year but up 6% from to 1.26 Bcm, according to data from operator NAM.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 18:05:00
OIL PRICE:ABOVE $63
Brent was up 67 cents or 1.07% at $63.26 a barrel, WTI were up 63 cents, or 1.09%, at $58.48 a barrel.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 17:45:00
ENERGY NEED INVESTMENT $11 TLN
The chief executive of the Abu Dhabi National Oil Company (ADNOC) said that the long-term outlook for global energy demand was “robust” and that investment of $11 trillion in oil and gas was needed to keep up with projected demand.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 17:40:00
CHINA'S GAS IMPORTS UP 10%
Over January-August, China imported a total of 63.04 million mt, or 86.93 Bcm of natural gas, up 10.3% from 57.15 million mt, or 78.81 Bcm, during the same period last year, according to the customs data.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 17:35:00
U.S., IRAN SANCTIONS FOREVER
The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 17:30:00
SOLUTION: NUCLEAR ENERGY
"Energy is essential for promoting human development and global demand is projected to increase significantly in the coming decades," Rising said. "Securing access to modern and affordable energy is essential for all, lifting people out of poverty and promoting energy independence and economic growth. Nuclear energy is a proven solution with a long established track record.
OIL PRICES 2019-20: ABOVE $60
2019, September, 10, 17:28:00
EURO CLIMATE CHANGE 2019
Longdom is a renowned organization that organizes highly notable conferences throughout the globe. Currently we are bringing forth Challenges in Global Climate Change (Euro Climate Change 2019) scheduled to be held during November 18-19, 2019 Rome, Italy. The conference invites all the participants across the globe to attend and share their insights and convey recent developments in the field of Climate change.
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