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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
2019, August, 23, 10:50:00
ROSNEFT SALES VENEZUELA'S OIL
Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.
OIL PRICE: ABOVE $60
2019, August, 23, 10:45:00
ROSNEFT SWITCH TO EURO
Rosneft last week asked buyers to use the euro as the default currency for the first time in a spot tender to sell naphtha
OIL PRICE: ABOVE $60
2019, August, 23, 10:40:00
ROSNEFT IN MOZAMBIQUE
Rosneft Oil Company and the National Petroleum Institute (Instituto Nacional de Petróleo, INP) have signed a Cooperation Agreement. The document was signed by Chief Executive Officer of Rosneft Oil Company Igor Sechin and Chairman of INP Carlos Zacarias. In addition, Rosneft has signed a Memorandum on Expansion of cooperation in Mozambique with the National Hydrocarbon Company (Empresa Nacional de Hidrocarbonetos, ENH).
OIL PRICE: ABOVE $60
2019, August, 23, 10:35:00
ADNOC CONTRACTS $3.6 BLN
The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.
OIL PRICE: ABOVE $60
2019, August, 23, 10:30:00
THE NEW CANADA'S LNG
Woodfibre LNG, a subsidiary of Singapore-based Pacific Oil and Gas Ltd., is finalizing its engineering, procurement and construction contract, which company president David Keane expects to sign “at the end of the summer or shortly thereafter” before construction begins on the LNG export facility in Squamish, British Columbia.
OIL PRICE: ABOVE $60
2019, August, 23, 10:25:00
U.S. WANT VIETNAM OIL AND GAS
U.S. energy firms had interests in the South China Sea and Washington was “committed to bolstering the energy security of our partners and allies in the Indo-Pacific region and in ensuring uninterrupted regional oil and gas production for the global market.”U.S. warships have conducted periodic “freedom of navigation” operations in the South China Sea to challenge China’s claim to nearly all of the strategic waterway.
OIL PRICE: ABOVE $60
2019, August, 21, 12:35:00
OIL PRICE: ABOVE $60
Brent had gained 26 cents, or 0.43%, to $60.29 a barrel, WTI was up 3 cents, or 0.05%, at $56.16 a barrel.
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