RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-07-02 15:00:00

OIL PRICE: NEAR $65 YET

OIL PRICE: NEAR $65 YET

REUTERS - Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by OPEC and allies, including Russia, to extend supply cuts until next March.

Brent crude futures LCOc1 were down 15 cents, or 0.23%, at $64.91 a barrel by 1110 GMT.

U.S. crude futures for August CLc1 were down 12 cents, or 0.20%, at $58.97 a barrel, after touching their highest in more than five weeks on Monday.

The Organization of the Petroleum Exporting Countries along with other top producers, including Russia, agreed on Tuesday to extend oil supply cuts until March 2020 as members overcame differences to try to prop up prices.

Meanwhile, U.S. crude oil stockpiles were seen falling for a third consecutive week, a preliminary Reuters poll showed on Monday, also supporting prices.

But signs of a global economic slowdown which may hit oil demand growth, means OPEC and its allies may face an uphill battle to shore up prices by reining in supply.

The United States and China agreed at the G20 leaders summit to restart trade talks, but factory activity shrank across much of Europe and Asia in June while growth in manufacturing cooled in the United States.

Asian shares wobbled on Tuesday, U.S. Treasury yields fell and gold rebounded, while a tweet by U.S. President Donald Trump saying any trade deal with China would need to be "somewhat tilted" in favor of Washington also stoked doubt over prospects for a trade deal between the top two economies.

-----


Earlier:

OIL PRICE: NEAR $65 YET
2019, July, 1, 12:05:00
OIL PRICE: ABOVE $66
Front-month Brent crude futures touched an intraday high of $66.75 a barrel and were up $1.80 at $66.54 a barrel by 0834 GMT. U.S. crude futures for August climbed $1.57 to $60.04 a barrel, after earlier hitting their highest in over five weeks at $60.28.
OIL PRICE: NEAR $65 YET
2019, June, 28, 12:15:00
OIL PRICE: ABOVE $65 YET
Brent crude futures were down 35 cents, or 0.5%, at $66.20 per barrel, WTI crude CLc1 futures were down 30 cents, or 0.5%, at $59.13 a barrel.
OIL PRICE: NEAR $65 YET
2019, June, 27, 18:40:00
OIL PRICE: ABOVE $65
Brent crude was down 11 cents at $66.38 by 1321 GMT. U.S. West Texas Intermediate crude fell 26 cents to $59.12.
OIL PRICE: NEAR $65 YET
2019, June, 26, 14:10:00
OIL PRICE: NEAR $65
Front-month Brent crude futures were up 84 cents at $65.89 per barrel by 0948 GMT. WTI crude futures were at $58.91 per barrel, up $1.08 from their last settlement.
OIL PRICE: NEAR $65 YET
2019, June, 25, 13:00:00
US, IRAN SANCTIONS ANEW
the United States had never targeted an Iranian head of state before and that was a sign Trump was getting personal.
OIL PRICE: NEAR $65 YET
2019, June, 25, 12:55:00
US CAN CLOSE HORMUZ
U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East.
OIL PRICE: NEAR $65 YET
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
All Publications »
Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:54:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:53:00
PIPELINES GREEN TRENDS TO BE DISCUSSED AT TOGC CONGRESS
Carbon-neutral energy market in Europe requires O&G majors’ attention because it remains one of the most influencing market topics of the XXI century. The Transportation Oil and Gas Congress 2022 (TOGC 2022) gives pipeline industry representatives an opportunity to discuss development trends on 21-22, February, 2022.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:52:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:51:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:50:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:49:00
SWEDISH NUCLEAR HYDROGEN
OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.
OIL PRICE: NEAR $65 YET
2022, January, 21, 10:45:00
SAUDI ARABIA'S HYDROGEN
Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative
All Publications »