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2019-09-03 13:25:00

OIL PRICE: NEAR $58

OIL PRICE: NEAR $58

REUTERS - Oil prices fell by 1% on Tuesday, weighed down by the protracted U.S.-China trade dispute that has dragged on the global economy as well as rising OPEC and Russian oil output.

U.S. crude CLc1 was down 65 cents, or 1.19%, at $54.45 a barrel by 0857 GMT, while Brent LCOc1 was down 47 cents at $58.19 a barrel.

The United States this week imposed 15% tariffs on a variety of Chinese goods and China began to impose new duties on a $75 billion target list, deepening the trade war that has rumbled on for more than a year.

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Earlier:

OIL PRICE: NEAR $58
2019, September, 2, 13:20:00
OIL PRICE: NEAR $59 AGAIN
Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel, while WTI was down 2 cents at $55.083 at barrel.
OIL PRICE: NEAR $58
2019, August, 30, 11:05:00
OIL PRICE: NEAR $60 STILL
Brent was down by 23 cents, or 0.4%, at $60.85 a barrel, WTI fell 40 cents, or 0.7%, to $56.31 a barrel.
OIL PRICE: NEAR $58
2019, August, 28, 13:05:00
OIL PRICE: NEAR $60 AGAIN
Brent crude futures LCOc1 climbed 59 cents, or 1.0%, to $60.10 a barrel by 0652 GMT. West Texas Intermediate (WTI) crude futures CLc1 gained 70 cents, or 1.3%, to $55.63 a barrel.
OIL PRICE: NEAR $58
2019, August, 26, 15:55:00
OIL PRICE: NEAR $60 YET
Brent was up 38 cents, or 0.64%, at $59.72 a barrel, WTI was up 54 cents, or 1%, at $54.71 a barrel.
OIL PRICE: NEAR $58
2019, August, 23, 11:20:00
OIL PRICE: NEAR $60 ANEW
Brent rose 29 cents, or 0.5%, to $60.21 a barrel, WTI were at $55.53 a barrel, up 18 cents, or 0.3%.
OIL PRICE: NEAR $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.
OIL PRICE: NEAR $58
2019, August, 19, 11:50:00
OIL PRICE: NEAR $59 YET
Brent was up 55 cents, or about 0.9%, at $59.19 a barrel, WTI were up 57 cents, or 1%, at $55.44 a barrel.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $58
2019, September, 18, 17:55:00
U.S. GAS, WIND WILL UP
U.S. Energy Information Administration (EIA) forecasts that natural gas-fired electricity generation in the United States will increase by 6% in 2019 and by 2% in 2020. EIA also forecasts that generation from wind power will increase by 6% in 2019 and by 14% in 2020.
OIL PRICE: NEAR $58
2019, September, 18, 17:50:00
U.S. INDUSTRIAL PRODUCTION UP 0.6%
Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year.
OIL PRICE: NEAR $58
2019, September, 18, 17:45:00
FRANCE'S SMALL NUCLEAR
A new small modular reactor (SMR) design has been announced by the French Alternative Energies and Atomic Energy Commission (CEA), EDF, Naval Group and TechnicAtome. The Nuward - with a capacity of 300-400 MWe - has been jointly developed using France's experience in pressurised water reactors (PWRs).
OIL PRICE: NEAR $58
2019, September, 18, 17:40:00
MONGOLIA'S GDP UP 6.5%
Mongolia’s economy has recovered vigorously from the recent downturn. Economy growth accelerated to 8.6 percent in the first quarter of 2019, over fiscal balance turned into surplus in 2018, and gross international reserves have increased by $2½ billion since 2016.
OIL PRICE: NEAR $58
2019, September, 17, 13:10:00
OIL PRICE: ABOVE $67
Brent was down 36 cents, or 0.5%, at $68.66 a barrel, and WTI was down 57 cents, or 0.9%, at $62.33 a barrel. Earlier, the crude benchmarks both fell by around 2%.
OIL PRICE: NEAR $58
2019, September, 17, 13:05:00
OPEC+ FULFILL OBLIGATIONS
"Nobody has changed the parameters of the [OPEC+} deal. So, I think that we all agreed in Abu Dhabi, that everyone should fulfill their obligations," Novak said, when asked if Russia needs to continue to comply.
OIL PRICE: NEAR $58
2019, September, 17, 13:00:00
CONFORMITY LEVEL 136%
Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.
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