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2019-04-26 11:30:00

OIL PRICE: NOT ABOVE $74 YET

OIL PRICE: NOT ABOVE  $74 YET

REUTERS - Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.

Still, prices are on course for the longest run of weekly gains in years, as oil markets have tightened amid supply disruptions and rising geopolitical concerns, especially over the tensions between the United States and Iran.

Brent crude futures were at $74.18 per barrel…

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Earlier:

OIL PRICE: NOT ABOVE  $74 YET
2019, April, 24, 11:35:00
OIL PRICE: NOT ABOVE $74
Crude oil prices for spot delivery rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 24, 11:30:00
OIL MARKET IS FINE
The International Energy Agency is monitoring developments in global oil markets, and notes that markets are now adequately supplied, and that global spare production capacity remains at comfortable levels.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 24, 11:25:00
OIL PRICE: OPEC + IRAN
OPEC is due to meet in June, where the Iran question will no doubt be raised. But oil and gas leaders are taking a cautious approach, with Kuwait's oil minister Khaled Al Fadhel noting that a decision would be taken only after a review of oil prices.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 24, 11:20:00
OIL PRICE: OPEC + RUSSIA
the risk of oil prices heading well above $70/b to the oil market and the global economy, while also saying that if prices were too low it would hit investment in the industry and key oil producing countries.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 22, 08:55:00
OIL PRICE: NEAR $74
Oil prices rallied by about 3 percent on Monday to their highest since late 2018 as the United States was set to announce that all imports of Iranian oil must end or be subject to sanctions.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 19, 09:45:00
OIL PRICE: NEAR $72 YET
Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
OIL PRICE: NOT ABOVE  $74 YET
2019, April, 17, 11:45:00
OIL PRICE: NEAR $72
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.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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: NOT ABOVE  $74 YET
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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