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2019-04-12 12:00:00

OIL PRICE: NEAR $71

OIL PRICE: NEAR $71

REUTERS -Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.

Despite strong price increases this year, there are concerns that an economic slowdown could soon dent fuel consumption.

International Brent crude oil futures were at $71.03 per barrel at 0653 GMT, up 20 cents, or 0.2 percent, from their last close.

U.S.…

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Earlier:

OIL PRICE: NEAR $71
2019, April, 10, 11:40:00
OIL PRICE: ABOVE $70 ANEW
Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela.
OIL PRICE: NEAR $71
2019, April, 8, 12:10:00
OIL PRICE: ABOVE $70
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.
OIL PRICE: NEAR $71
2019, April, 5, 10:55:00
OIL PRICE: NEAR $70 YET
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks.
OIL PRICE: NEAR $71
2019, April, 3, 11:30:00
OIL PRICE: NEAR $70
Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.
OIL PRICE: NEAR $71
2019, April, 1, 11:40:00
OIL PRICE: ABOVE $68
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
OIL PRICE: NEAR $71
2019, March, 29, 11:45:00
OIL PRICE: NEAR $68
Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
OIL PRICE: NEAR $71
2019, March, 27, 12:05:00
OIL PRICE: ABOVE $67 YET
Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $71
2019, October, 11, 11:37:00
ADVANCES IN BIOFUELS AND BIOENERGY
Longdom welcomes you to attend the Advances in Biofuels and Bioenergy during October 21-22, 2019 at Toronto, Canada. We cordially invite all the participants interested in sharing their knowledge and research in the arena of Biofuels and environmental sciences.
OIL PRICE: NEAR $71
2019, October, 11, 11:35:00
NIGERIA'S OIL PRODUCTION 1.774 MBD
Nigeria's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OPEC meeting in July,
OIL PRICE: NEAR $71
2019, October, 11, 11:30:00
NIGERIA WANTS $62 BLN
Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
OIL PRICE: NEAR $71
2019, October, 11, 11:25:00
NIGERIA'S GDP UP 2.3%
Growth is expected to pick up to 2.3 percent this year on the strength of a continuing recovery in the oil sector and the regaining of momentum in agriculture following a good harvest.
OIL PRICE: NEAR $71
2019, October, 11, 11:20:00
ENEL BOND EUR2.5 BLN
Enel Finance International N.V. (“EFI”), the Dutch-registered finance subsidiary of Enel SpA (“Enel”[1]), today launched a multi-tranche “sustainable” bond for institutional investors on the European market totalling 2.5 billion euros. The bond is linked to the achievement of the United Nations Sustainable Development Goals (SDGs) and is the Group’s first “General Purpose SDG Linked Bond” issued on the European market.
OIL PRICE: NEAR $71
2019, October, 11, 11:15:00
IMPORTANT NUCLEAR ENERGY
"Developed countries have witnessed sluggish growth of nuclear power - except for six units in Finland, France, the US and the UK, no other nuclear power plant had been built in North America and the EU area for about 30 years. Over the same period however about 100 units were built in developing and emerging economies."
OIL PRICE: NEAR $71
2019, October, 11, 11:10:00
HALLIBURTON CUTTING 650 U.S. JOBS
U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.
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