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2020-01-22 12:55:00

OIL PRICE:NEAR $64

OIL PRICE:NEAR $64

REUTERS - Oil prices dropped on Wednesday as the International Energy Agency's (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libya's crude output.

Brent crude LCOc1 was down 30 cents, or 0.5%, at $64.29 a barrel at 0731 GMT, after falling 0.3% on Tuesday. U.S. oil CLc1 fell 33 cents, or 0.6%, to $58.05 a barrel, having declined 0.3% the day before.

The head of the IEA, Fatih Birol, said he expects the market to be in surplus by a million barrels per day…

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Earlier:

OIL PRICE:NEAR $64
2020, January, 20, 12:20:00
OIL PRICE: NOT ABOVE $66
Brent were up by 70 cents, or 1.11%, to $65.55, WTI was up by 56 cents, or 1%, at $59.10 a barrel, after rising to $59.73, the highest since Jan. 10.
OIL PRICE:NEAR $64
2020, January, 17, 11:45:00
OIL PRICE: NOT ABOVE $65
Brent were up 12 cents to $64.74, WTI were up 11 cents at $58.63 a barrel,
OIL PRICE:NEAR $64
2020, January, 15, 13:05:00
OIL PRICE: ABOVE $64
Brent was down 16 cents, or 0.3%, at $64.33 per barrel, WTI were down 15 cents, or 0.3%, at $58.08 a barrel.
OIL PRICE:NEAR $64
2020, January, 15, 12:50:00
OIL PRICES 2020-21: $65-$68
Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b in 2021, compared with an average of $64/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50/b lower than Brent prices through 2020 and 2021, compared with an average WTI discount of about $7.35/b in 2019.
OIL PRICE:NEAR $64
2020, January, 13, 15:55:00
OIL PRICE: NEAR $65
Brent was down 15 cents at $64.83 per barrel, WTI crude CLc1 was down 8 cents at $58.96 a barrel
OIL PRICE:NEAR $64
2020, January, 10, 11:55:00
OIL PRICE: ABOVE $65
Brent were up 26 cents, or 0.38%, to $68.53, WTI gained 10 cents, or 0.16%, to $62.80 a barrel.
OIL PRICE:NEAR $64
2020, January, 8, 14:45:00
OIL PRICE: NEAR $69
Brent were up 26 cents, or 0.38%, to $68.53, WTI gained 10 cents, or 0.16%, to $62.80 a barrel.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE:NEAR $64
2020, February, 26, 10:09:00
RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
OIL PRICE:NEAR $64
2020, February, 26, 10:05:00
NETHERLAND'S GRONINGEN GAS DOWN ANEW
The Dutch government plans to reduce gas extraction from the Groningen gas field in 2020 from the expected 11.8 bcm to 10 bcm,
OIL PRICE:NEAR $64
2020, February, 26, 10:00:00
GCC RENEWABLE INVESTMENT $10 TLN
The GCC nations include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. The gulf region could save 354 million barrels of oil equivalent from adopting renewable energy by 2030, according to a 2019 study from the Abu Dhabi-based International Renewable Energy Agency.
OIL PRICE:NEAR $64
2020, February, 26, 09:55:00
CORONAVIRUS BRIEFLY: ARAMCO
The global impact of coronavirus will only be “short term”, according to the CEO of Saudi Aramco.
OIL PRICE:NEAR $64
2020, February, 26, 09:50:00
SMALL NUCLEAR FOR FINLAND
VTT Technical Research Centre in Finland has today announced the launch of a project to develop a small modular reactor for district heating.
OIL PRICE:NEAR $64
2020, February, 26, 09:45:00
CHINA'S RENEWABLE INVESTMENT $8.3 BLN
The China's state-owned company will spread a total renewable investment of CNY 58 billion (USD 8.3bn/EUR 7.6bn) between 25 new projects in 14 provinces and regions
OIL PRICE:NEAR $64
2020, February, 26, 09:40:00
ENERGY CONSUMERS' NEEDS 2020
Based on more than 7,500 survey responses from consumers in the U.S. and Canada throughout 2019, here are three themes on the needs of today's energy consumers:
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