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2019-09-27 13:45:00

OIL PRICE: ABOVE $62 YET

OIL PRICE: ABOVE $62 YET

REUTERS - Oil prices were steady on Friday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.

Brent LCOc1 fell 6 cents to $62.68 a barrel by 0919 GMT, while U.S. crude CLc1 rose 18 cents to $56.59 a barrel. But both were down 2.6% on a weekly basis.

Brent, which is on course for its biggest weekly loss in seven weeks, is just above its level before Sept. 14 attacks on Saudi facilities that initially halved the kingdom's production.

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Earlier:

OIL PRICE: ABOVE $62 YET
2019, September, 26, 14:00:00
OIL PRICE: ABOVE $61
Brent were at $62.55 a barrel, WTI gained 13 cents, or 0.23%, to $56.62 a barrel.
OIL PRICE: ABOVE $62 YET
2019, September, 25, 15:15:00
OIL PRICE: NEAR $61
Brent were down $1.05 cents at $62.05 a barrel, WTI dropped to $56.47 a barrel, down 82 cents.
OIL PRICE: ABOVE $62 YET
2019, September, 24, 18:15:00
OIL PRICE: ABOVE $62
Brent dropped 58 cents to $64.19 a barrel, WTI were at $58.15, down 49 cents.
OIL PRICE: ABOVE $62 YET
2019, September, 23, 14:30:00
OIL PRICE: NEAR $63
Brent crude fell 30 cents to $63.98 a barrel, WTI was down 38 cents to $57.71.
OIL PRICE: ABOVE $62 YET
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.
OIL PRICE: ABOVE $62 YET
2019, September, 19, 14:35:00
OIL PRICE: ABOVE $64
Brent gained $1.44 to $65.04 a barrel, WTI was up 89 cents at $59 a barrel.
OIL PRICE: ABOVE $62 YET
2019, September, 18, 18:35:00
OIL PRICE: ABOVE $63
Brent were down 75 cents, or 1.16%, at $63.80 a barrel, WTI were down $1.15, or 1.94%, at $58.19.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $62 YET
2019, November, 15, 13:55:00
CHINA NEED COAL
BP's Energy Outlook estimates coal's share of China's energy mix to fall to 35% in 2040 from 60% in 2017, but for the country to remain the world's largest consumer of coal and account for 39% of global coal demand in 2040.
OIL PRICE: ABOVE $62 YET
2019, November, 15, 13:50:00
NORD STREAM 2 AMENDMENTS
"The law implements a European compromise, in which we, together with France and the Commission and other member states played a major role," Altmaier said.
OIL PRICE: ABOVE $62 YET
2019, November, 15, 13:45:00
U.S. DECARBONISATION 2050
A U.S. Climate Agenda recommends that a U.S. decarbonization strategy be guided by these key objectives: achieving net-zero emissions no later than 2050,
OIL PRICE: ABOVE $62 YET
2019, November, 13, 13:05:00
OIL PRICE: NOT ABOVE $62 AGAIN
Brent edged down 32 cents, or 0.5%, to $61.74 a barrel , WTI was at $56.54, down 26 cents or 0.5%.
OIL PRICE: ABOVE $62 YET
2019, November, 13, 13:00:00
NEW ENERGY ERA
Delivering the opening keynote address, at the event, Dr. Al Jaber said the oil and gas industry is being disrupted by new technologies, new business models, new forms of energy and a new geopolitical order, with the rise of Asia.
OIL PRICE: ABOVE $62 YET
2019, November, 13, 12:55:00
GLOBAL OIL DEMAND PLATEAU: 2030
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century
OIL PRICE: ABOVE $62 YET
2019, November, 13, 12:50:00
INDIA'S OIL NEED INVESTMENT
Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston, including those from Exxon Mobil Corp, BP Plc, Royal Dutch Shell, Rosneft Oil Co, Saudi Aramco and Abu Dhabi National Oil Co (Adnoc).
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