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2019-05-02 17:15:00

OIL PRICE: NOT ABOVE $72

OIL PRICE: NOT ABOVE  $72

REUTERS - Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in inventories.

Brent crude oil futures were at $71.47 per barrel at 1037 GMT, 71 cents below their last close. Brent is set for a weekly loss, which would break its longest string of weekly gains for a year.

U.S. West Texas Intermediate crude futures were down 76 cents at $62.84 per barrel.

U.S. crude stockpiles…

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Earlier:

OIL PRICE: NOT ABOVE  $72
2019, April, 29, 12:00:00
OIL PRICE: ABOVE $71 ANEW
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
OIL PRICE: NOT ABOVE  $72
2019, April, 29, 11:30:00
OIL PRICE: WILL BE $100
"Not extending the oil waivers of some countries is another side of the US measures against Iran. But if Iran's oil is fully sanctioned, oil price will go higher than $100 per barrel,"
OIL PRICE: NOT ABOVE  $72
2019, April, 26, 11:30:00
OIL PRICE: NOT ABOVE $74 YET
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.
OIL PRICE: NOT ABOVE  $72
2019, April, 26, 11:25:00
OIL PRICES 2019-20: $66 - $65
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020,
OIL PRICE: NOT ABOVE  $72
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  $72
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  $72
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.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NOT ABOVE  $72
2019, November, 11, 13:00:00
IRAN'S LPG FOR CHINA DOWN
Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.
OIL PRICE: NOT ABOVE  $72
2019, November, 11, 12:55:00
BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
OIL PRICE: NOT ABOVE  $72
2019, November, 11, 12:50:00
AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
OIL PRICE: NOT ABOVE  $72
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
OIL PRICE: NOT ABOVE  $72
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
OIL PRICE: NOT ABOVE  $72
2019, November, 8, 11:35:00
OIL PRICE: NOT ABOVE $62
Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.
OIL PRICE: NOT ABOVE  $72
2019, November, 8, 11:25:00
GAZPROM, UKRAINE STRATEGIC ISSUES
Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.
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