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2019-04-17 11:45:00

OIL PRICE: NEAR $72

OIL PRICE: NEAR $72

REUTERS - Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly.

International benchmark Brent crude oil futures rose 29 cents, or 0.4 percent, to $72.01 a barrel by 0657 GMT. Brent gained as much 0.5 percent to 72.10 a barrel, the highest since Nov. 8 and the highest this year.

U.S.…

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Earlier:

OIL PRICE: NEAR $72
2019, April, 15, 12:20:00
OIL PRICE: ABOVE $71
Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.
OIL PRICE: NEAR $72
2019, April, 12, 12:00:00
OIL PRICE: NEAR $71
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.
OIL PRICE: NEAR $72
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 $72
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 $72
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 $72
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 $72
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.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $72
2019, August, 16, 10:10:00
MALAYSIA'S GDP UP 4.9%
Malaysia's central bank data on Friday showed second quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast
OIL PRICE: NEAR $72
2019, August, 14, 12:25:00
OIL PRICE: NEAR $61 YET
Brent crude was down 46 cents, or 0.8%, at $60.84 a barrel at 0639 GMT, after rising 4.7% on Tuesday, the biggest percentage gain since December. U.S. oil was down 62 cents, or 1.1%, at $56.48 a barrel, having risen 4% the previous session, the most in just over a month.
OIL PRICE: NEAR $72
2019, August, 14, 12:20:00
CHINA'S OIL THROUGHPUT UP 5.6%
For the first seven months of 2019, Chinese crude throughput rose 5.6% from a year earlier to 369.73 million tonnes, or 12.73 million bpd, the NBS reported.
OIL PRICE: NEAR $72
2019, August, 14, 12:15:00
MENA ENERGY INVESTMENT: $859 BLN
Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
OIL PRICE: NEAR $72
2019, August, 14, 12:10:00
INDONESIA NEED INVESTMENT $15 BLN
Coal currently makes up around 60% of the country’s energy mix versus about 5% from geothermal power, according to data from state utility company PT Perusahaan Listrik Negara (PLN).
OIL PRICE: NEAR $72
2019, August, 14, 12:05:00
IBERDOLA SALES WIND: $2 BLN
Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake
OIL PRICE: NEAR $72
2019, August, 14, 12:00:00
AUSTRALIA'S CLIMATE CASH $339 MLN
Australia will give A$500 million ($339 million) to Pacific island nations for renewable energy projects and to help them prepare for the impact of climate change
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