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2019-06-03 12:50:00

OIL PRICE: ABOVE $60

OIL PRICE: ABOVE $60

REUTERS - Oil prices plunged by more than 1.5% to below $61 a barrel on Monday, extending last week's heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown.

Saudi Arabia, the de-facto leader of OPEC, sought to stem the price slide with assurances that the group of oil producers together with Russia would continue managing global crude supplies to avoid a surplus.

Front-month Brent crude futures were at $60.96 at 0844 GMT, down $1.03 or 1.7% below…

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Earlier:

OIL PRICE: ABOVE $60
2019, May, 31, 12:35:00
OIL PRICE: NEAR $65
Front-month Brent crude futureswere at $65.72 at 0844 GMT, down $1.15 from last session’s close. WTI crude futures were at $55.85 per barrel, down 74 cents from their last settlement.
OIL PRICE: ABOVE $60
2019, May, 30, 18:25:00
OIL PRICE: NEAR $69 YET
Brent crude futures were at $69.03 per barrel at 1325 GMT, down 42 cents, or 0.6%, from their last close. WTI crude futures were up 23 cents, or 0.4%, at $59.04 a barrel, supported by expectations of a fall in U.S. crude inventories.
OIL PRICE: ABOVE $60
2019, May, 29, 11:20:00
OIL PRICE: ABOVE $69 YET
Front-month Brent crude futures were at $69.53 a barrel at 0641 GMT, down 58 cents, or 0.8%, from last session’s close. U.S. West Texas Intermediate (WTI) crude futures were at $58.46 per barrel, down 70 cents, or 1.2%, from their last settlement.
OIL PRICE: ABOVE $60
2019, May, 27, 11:55:00
OIL PRICE: ABOVE $68
Spot Brent crude futures were firmer at $68.82 per barrel, 13 cents, or 0.2%, above their last close. WTI crude futures were at $58.43 per barrel at 0700 GMT, down 20 cents, or 0.3%, from their last settlement.
OIL PRICE: ABOVE $60
2019, May, 27, 11:40:00
OILFIELD SERVICES RATING DOWN
"Oilfield services companies will no longer be able to generate the high operating margins they did in 2014," Carin Dehne-Kiley, an analyst at S&P, wrote Friday in a report to investors. "The oilfield services industry has fundamentally changed due to permanent efficiency and productivity gains realized by E&P companies as well as investor sentiment calling for E&P companies to live within cash flow and limit production growth."
OIL PRICE: ABOVE $60
2019, May, 24, 10:25:00
OIL PRICE: NEAR $67
Brent crude futures were at $68.48 per barrel at 0654 GMT, up 72 cents, or 1.1%, from their last close, with prices underpinned by OPEC supply cuts and Middle East tensions. U.S. West Texas Intermediate (WTI) crude futures were up 66 cents, or 1.1%, at $58.57 per barrel.
СОТРУДНИЧЕСТВО ОПЕК+ РОССИЯ
2019, May, 23, 12:25:00
СОТРУДНИЧЕСТВО ОПЕК+ РОССИЯ
“Российские компании согласны с тем, что необходимо продолжать сотрудничество. Взаимодействие направлено как на восстановление баланса на рынке, так и на поддержание справедливой, стабильной стоимости углеводородов, - отметил Александр Новак. - Россия готова оперативно реагировать на запросы рынка, мы можем увеличить производство из-за дефицита рынка. В качестве примера гибкости напомню, что мы вслед за ростом спроса прошлым летом увеличили производство и сократили его к концу года, когда на рынке был избыток».
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $60
2020, September, 18, 12:13:00
PUBLIC PRIVATE PARTNERSHIP WORKSHOP: FINANCING, PROJECTS & CONTRACTS
Singapore – The Public Private Partnership (PPP): Financing, Projects & Contracts workshop is back for 2020. With more sessions in different locations, Infocus International is delighted to bring one of their best events to professionals from all around the world.
OIL PRICE: ABOVE $60
2020, September, 18, 12:10:00
NUCLEAR POWER WILL UP BY 82%
IAEA analysts expect an increase of global nuclear electrical generating capacity by 82% to 715 gigawatts.
OIL PRICE: ABOVE $60
2020, September, 18, 12:05:00
EXTREME ENERGY CONTROL AT CURRENT MOMENT
The EC&CM method closes the era of technologies and systems of optimal (from Latin optimum - best) energy control in real time.
OIL PRICE: ABOVE $60
2020, September, 18, 12:00:00
RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN
Russia's $21 billion project Arctic LNG 2, which received final investment approval a year ago, is expected to be launched in 2023 and to reach its full capacity of almost 20 million tonnes per year in 2026.
OIL PRICE: ABOVE $60
2020, September, 17, 17:05:00
OIL PRICE: NOT BELOW $41 YET
Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.
OIL PRICE: ABOVE $60
2020, September, 17, 17:00:00
NORD STREAM 2 FOR RUSSIA
Russia says Nord Stream 2 is a commercial project -- backed by five European energy companies -- and should not be used for political point-scoring.
OIL PRICE: ABOVE $60
2020, September, 17, 16:55:00
NORD STREAM 2 FOR AUSTRIA
"Nord Stream 2 for us is an economic project, a positive project, because we believe that it is good to have more diversification and to be able to use different routes for energy supply to Europe," Kurz said during a press conference in Vienna.
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