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2019-08-08 11:25:00

OIL PRICE: BELOW $58

OIL PRICE: BELOW $58

REUTERS - Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts.

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.

Both contracts fell to their lowest since January on Wednesday after a surprise build in U.S. crude inventories added to worries that the China-U.S. trade war could…

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Earlier:

OIL PRICE: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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.
OIL PRICE: BELOW $58
2019, July, 30, 12:25:00
OIL PRICE: NEAR $64 ANEW
Brent crude LCOc1 rose 46 cents, or 0.7%, to $64.17 a barrel by 0651 GMT, after gaining 0.4% the previous session. U.S. crude CLc1 was up 41 cents or 0.7%, at $57.28 a barrel, having risen 1.2% on Monday.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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: BELOW $58
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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