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2019-08-09 13:15:00

OIL PRICE: ABOVE $57

OIL PRICE: ABOVE $57

REUTERS - Oil prices inched higher on Friday supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008.

Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement.

West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.

The IEA said global oil demand in the first half of 2019 grew at its slowest…

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Earlier:

OIL PRICE: ABOVE $57
2019, August, 8, 11:25:00
OIL PRICE: BELOW $58
Brent crude had rebounded to $57.81 a barrel, up $1.58, or 2.81%, from its last close by 0634 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.61, or 3.15%, to $52.70 a barrel.
OIL PRICE: ABOVE $57
2019, August, 7, 12:25:00
OIL PRICE: BELOW $59
Brent crude futures LCOc1 were down 11 cents, or nearly 2%, at 0823 GMT to set a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April. U.S. West Texas Intermediate (WTI) crude futures CLc1 were flat at $53.63.
OIL PRICE: ABOVE $57
2019, August, 6, 12:45:00
OIL PRICE: NEAR $60
International benchmark Brent futures LCOc1 were up 28 cents at $60.09 a barrel by 0910 GMT, having dipped earlier in the session to their lowest since Jan. 14 at $59.07. West Texas Intermediate crude CLc1 futures rose 38 cents to $55.07 per barrel.
OIL PRICE: ABOVE $57
2019, August, 5, 13:45:00
OIL PRICE: NEAR $61
Brent crude futures LCOc1 were down 71 cents, or 1.15%, to $61.18 per barrel by 0840 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were also down 71 cents, or 1.28%, to $54.95 a barrel.
OIL PRICE: ABOVE $57
2019, August, 2, 12:05:00
OIL PRICE: BELOW $62
Brent futures rose $1.21, or 2%, to $61.71 a barrel by 0657 GMT, while WTI futures gained 87 cents, or 1.6%, to $54.82 a barrel.
OIL PRICE: ABOVE $57
2019, August, 1, 12:15:00
OIL PRICE: BELOW $65
Brent crude futures, LCOc1 the international benchmark, fell 68 cents, or 1%, to $64.37 a barrel by 0709 GMT, having fallen more than $1 earlier in the session. U.S. West Texas Intermediate (WTI) CLc1 crude was down 72 cents, or 1.2%, at $57.86 a barrel, also having dropped more than a $1 earlier.
OIL PRICE: ABOVE $57
2019, July, 31, 14:00:00
OIL PRICE: NEAR $65
Brent crude futures LCOc1, the international benchmark for oil prices, were up 40 cents, or 0.6%, at $65.12 a barrel by 0842 GMT. U.S. West Texas Intermediate crude CLc1 gained 20 cents, or 0.3%, to $58.25 a barrel.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $57
2019, December, 13, 10:42:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
OIL PRICE: ABOVE $57
2019, December, 13, 10:40:00
U.S.,IRAN SANCTIONS ANEW
The Islamic Republic has rejected negotiating a new deal with the Trump administration, saying talks are only possible if Washington returns to the nuclear pact and lifts sanctions.
OIL PRICE: ABOVE $57
2019, December, 13, 10:35:00
SAUDI ARAMCO LISTED $25.6 BLN
The Kingdom of Saudi Arabia sold 3 billion shares (excluding any exercise of the Purchase Option), equivalent to 1.5% of the Company’s share capital. Priced at the top of the indicated range, the Offering generated proceeds of SAR96.0 billion / USD25.6 billion (assuming no exercise of the Purchase Option), making it the world’s largest IPO.
OIL PRICE: ABOVE $57
2019, December, 13, 10:30:00
CHEVRON INVESTMENT $20 BLN FOR 2020
Chevron Corporation announced a 2020 organic capital and exploratory spending program of $20 billion.
OIL PRICE: ABOVE $57
2019, December, 13, 10:25:00
NORWAY'S OIL INVESTMENT $21 BLN
Oil and gas investments in Norway are expected to rise by 3.8% next year to 194.6 billion Norwegian crowns ($21.2 billion) before declining in subsequent years, an industry lobby group said on Thursday.
OIL PRICE: ABOVE $57
2019, December, 13, 10:20:00
NORWAY'S NOVEMBER PRODUCTION 2.016 MBD
Norway's preliminary production figures for November 2019 show an average daily production of 2 016 000 barrels of oil, NGL and condensate, which is an increase of 235 000 barrels per day compared to October.
OIL PRICE: ABOVE $57
2019, December, 13, 10:15:00
NUCLEAR POWER IS A KEY
The use of nuclear power will need to increase to decarbonise electricity production, IAEA Director General Rafael Mariano Grossi said today at a side event during the United Nations COP25 climate summit in Madrid. Meeting sustainability and climate goals requires a significant use of nuclear energy, he said.
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