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2019-08-19 11:45:00

WORLD OIL DEMAND WILL UP BY 1.14 MBD

WORLD OIL DEMAND WILL UP BY 1.14 MBD

OPECMonthly Oil Market Report, 16 August 2019

Oil Market Highlights

Crude Oil Price Movements

The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8%, m-o-m reaching $64.71/b, supported by a pick-up in Asian crude demand. Crude oil futures prices also rose from their low levels registered a month earlier as escalating geopolitical…

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WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, August, 16, 10:50:00
OIL PRICE: NEAR $59
Brent was up 52 cents, or 0.9%, at $58.75 a barrel , U.S. crude was up 65 cents, or 1.2%, at $55.12 a barrel
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, August, 12, 13:25:00
UNCERTAINT OIL DEMAND GROWTH
Now, the situation of the oil demand growth is becoming even more uncertain: the US-China trade dispute remains unresolved and in September new tariffs are due to be imposed.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, August, 9, 13:10:00
ARAMCO STABILIZE OIL MARKET
Saudi Aramco will cut customer allocations across all regions by a total of 700,000 barrels a day next month,
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, August, 7, 12:20:00
OIL PRICES 2019-20: $64-65
Brent crude oil spot prices averaged $64 per barrel (b) in July, almost unchanged from the average in June 2019 but $10/b lower than the price in July of last year. EIA forecasts Brent spot prices will average $64/b in the second half of 2019 and $65/b in 2020. The forecast of stable crude oil prices is the result of EIA’s expectations of a relatively balanced global oil market. EIA forecasts global oil inventories will increase by 0.1 million barrels per day (b/d) in 2019 and 0.3 million b/d in 2020.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, August, 7, 12:15:00
OPEC OIL PRODUCTION 29.88 MBD
OPEC saw output slide to 29.88 million b/d last month, a fall of 210,000 b/d from June, despite output gains by six of its members
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Tags: OIL, PRICE, DEMAND, SUPPLY, ECONOMY
Chronicle:
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 23, 14:00:00
U.S. PETROLEUM DEMAND 21.5 MBD
Total U.S. petroleum demand of 21.5 mb/d was highest for any month since August 2005; Improved infrastructure helped increase supply and lower prices; Highest U.S. petroleum exports (8.1 mb/d) for the month of August; and Total inventories increased year-on-year for the ninth consecutive month.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 23, 13:55:00
DUBAI: THE 8TH POSITION OF GFCI
Dubai has risen the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking. The city is the only financial centre within the Middle East, Africa and South Asia, MEASA, to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, Hong Kong and Singapore.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 23, 13:50:00
UAE GDP WILL UP 2.4%
Real economic growth in the UAE, as estimated by Central Bank of the United Arab Emirates, exhibited Y-o-Y growth of 2.2 percent in Q2 -2019, lower than in the previous quarter. The bank expects national economy to grow 2.4 pc in 2019, driven by faster growth in the non-oil sector.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 23, 13:45:00
ROSNEFT INVESTMENT FOR INDIA
Минприроды России произвело оценку запасов полезных ископаемых в натуральном и стоимостном измерениях по итогам 2018 года и их изменений относительно результатов оценки по итогам 2017 года.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 23, 13:40:00
U.S. RIGS DOWN 18 TO 868
U.S. Rig Count is down 18 rigs from last week to 868, with oil rigs down 14 to 719, gas rigs down 5 to 148, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 15 rigs from last week to 119, with oil rigs down 11 to 82 and gas rigs down 4 to 37.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 20, 15:45:00
OIL PRICE: NEAR $64
Brent crude LCOc1 was up 7.7% since last Friday’s close, the biggest weekly rise since January. The front-month November contract was at $64.88 a barrel, up 48 cents, by 1113 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 59 cents to $58.72 a barrel, set to post a gain of over 7% for the week.
WORLD OIL DEMAND WILL UP BY 1.14 MBD
2019, September, 20, 15:30:00
GLOBAL OIL, GAS FINANCES DOWN
Brent crude oil daily average prices were 9% lower in second-quarter 2019 than in second-quarter 2018 and averaged $68 per barrel
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