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2019-09-23 14:30:00

OIL PRICE: NEAR $63

OIL PRICE: NEAR $63

REUTERS - Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restart of Saudi Arabian oil output and by fresh signs of European economic weakness.

A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, said Saudi Arabia has restored around 75% of crude output lost.

Oil was up earlier in the session, supported by scepticism over how fast output would come back.

Global benchmark…

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Earlier:

OIL PRICE: NEAR $63
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: NEAR $63
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: NEAR $63
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.
OIL PRICE: NEAR $63
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 $63
2019, September, 16, 15:20:00
OIL PRICE: NEAR $66
Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, WTI futures climbed as much as 15.5% to $63.34
OIL PRICE: NEAR $63
2019, September, 11, 12:00:00
OIL PRICE: NEAR $63
Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.
OIL PRICE: NEAR $63
2019, September, 10, 18:05:00
OIL PRICE:ABOVE $63
Brent was up 67 cents or 1.07% at $63.26 a barrel, WTI were up 63 cents, or 1.09%, at $58.48 a barrel.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $63
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: NEAR $63
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: NEAR $63
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: NEAR $63
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: NEAR $63
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: NEAR $63
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: NEAR $63
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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