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2019-03-01 12:15:00

OIL PRICES WILL BE $60-$70

OIL PRICES WILL BE $60-$70

PLATTSThe 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.

"Forecasting prices is a thankless task, but there is reason to expect that they will be relatively high," Vagit Alekperov said during a speech to the Federation Council, the upper house of the Russian parliament.

Alekperov…

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Earlier:

OIL PRICES WILL BE $60-$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 PRICES WILL BE $60-$70
2019, February, 27, 09:50:00

РЫНОК НЕФТИ СТАБИЛЕН

МИНЭНЕРГО РОССИИ - “Сегодня мы видим на рынке более-менее спокойную, стабильную ситуацию, невысокую волатильность и более-менее приемлемые цены, которые устраивают и экспортеров, и потребителей. Мы считаем, что благодаря сделке, в первую очередь, достигнута такая стабильность”, - подчеркнул Александр Новак.

OIL PRICES WILL BE $60-$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 PRICES WILL BE $60-$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 PRICES WILL BE $60-$70
2019, February, 20, 11:40:00

СПРОС НА ЭНЕРГИЮ РАСТЕТ

МИНЭНЕРГО РОССИИ - По словам Александра Новака, энергетическая отрасль всего мира сегодня нуждается в высококвалифицированных специалистах: «Мы знаем, что потребление энергии в мире будет постоянно увеличиваться, поэтому нам необходимы новейшие технологии и подготовленные специалисты», - подчеркнул значимость Центра компетенций глава Минэнерго России.

OIL PRICES WILL BE $60-$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 PRICES WILL BE $60-$70
2019, February, 15, 11:50:00

BP ENERGY OUTLOOK 2019

BP - The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future.

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Tags: OIL, PRICE,

Chronicle:

OIL PRICES WILL BE $60-$70
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

OIL PRICES WILL BE $60-$70
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

OIL PRICES WILL BE $60-$70
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

OIL PRICES WILL BE $60-$70
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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