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2019-09-10 18:05:00

OIL PRICE:ABOVE $63

OIL PRICE:ABOVE $63

REUTERS - Oil futures rose on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries will agree to extend output cuts to support prices.

Brent LCOc1 was up 67 cents or 1.07% at $63.26 a barrel by 1305 GMT, while U.S. West Texas Intermediate (WTI) futures CLc1 were up 63 cents, or 1.09%, at $58.48 a barrel.

Brent reached its highest level since Aug. 1, while U.S. crude rose to its highest since July 31.

Prince Abdulaziz bin Salman,…

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Earlier:

OIL PRICE:ABOVE $63
2019, September, 6, 13:55:00
OIL PRICE: NEAR $60 YET
Brent was up 6 cents at $61.01 a barrel, WTI was up 5 cents at $56.35 a barrel.
OIL PRICE:ABOVE $63
2019, September, 5, 15:20:00
OIL PRICE: NEAR $61
Brent was up 17 cents at $60.87 a barrel, U.S. West Texas Intermediate (WTI) crude rose 1 cent to $56.27.
OIL PRICE:ABOVE $63
2019, September, 4, 18:20:00
OIL PRICE: NEAR $60
Brent was up $1.55, or 2.66%, at $59.81 a barrel, West Texas Intermediate futures CLc1 gained $1.56, or 2.66%, to $55.50 a barrel.
OIL PRICE:ABOVE $63
2019, September, 3, 13:25:00
OIL PRICE: NEAR $58
Brent was down 47 cents at $58.19 a barrel, WTI was down 65 cents, or 1.19%, at $54.45 a barrel
OIL PRICE:ABOVE $63
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:ABOVE $63
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:ABOVE $63
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.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE:ABOVE $63
2019, November, 11, 13:00:00
IRAN'S LPG FOR CHINA DOWN
Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.
OIL PRICE:ABOVE $63
2019, November, 11, 12:55:00
BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
OIL PRICE:ABOVE $63
2019, November, 11, 12:50:00
AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
OIL PRICE:ABOVE $63
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
OIL PRICE:ABOVE $63
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
OIL PRICE:ABOVE $63
2019, November, 8, 11:35:00
OIL PRICE: NOT ABOVE $62
Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.
OIL PRICE:ABOVE $63
2019, November, 8, 11:25:00
GAZPROM, UKRAINE STRATEGIC ISSUES
Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.
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