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2020-10-28 14:15:00

OIL PRICE: NEAR $40

OIL PRICE: NEAR $40

REUTERS - OCTOBER 28, 2020 -  Oil prices went into reverse on Wednesday, giving up the previous day’s gains as a surge in U.S. crude stocks and rising coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand.

Brent crude futures LCOc1 were down $1.20, or 2.9%, at $40 a barrel by…

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Earlier:

OIL PRICE: NEAR $40
2020, October, 27, 14:50:22
OIL PRICE: NEAR $41 ANEW
Brent was up 52 cents, or 1.3%, at $40.98 a barrel, WTI gained 38 cents, or 1%, to $38.94.
OIL PRICE: NEAR $40
2020, October, 26, 14:05:00
OIL PRICE: NEAR $41
Brent was down $1.08, or 2.6%, at $40.69 a barrel, WTI dropped $1.05, or 2.6%, to $38.80.
OIL PRICE: NEAR $40
2020, October, 26, 14:00:00
U.S. SHALE SURVIVORS
The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.
OIL PRICE: NEAR $40
2020, October, 22, 15:20:00
OIL PRICE: NEAR $42
Brent were up 43 cents at $42.16 a barrel, WTI ticked up 44 cents to $40.47 a barrel.
OIL PRICE: NEAR $40
2020, October, 22, 15:15:00
OIL, GAS WILL BE HALF
In 2040, despite increasing investments in renewables and concerns with emissions, oil and gas are still projected to make up about 50 percent of the global energy mix. This is a view held by major third-party sources.
OIL PRICE: NEAR $40
2020, October, 21, 17:10:00
OIL PRICE: ABOVE $42
Brent were at $42.44 a barrel, WTI slipped 73 cents, or 1.75%, to $40.97.
OIL PRICE: NEAR $40
2020, October, 1, 13:50:00
OIL PRICE: NEAR $42 ANEW
Brent fell 17, or 0.4%, to $42.13 a barrel, WTI were down 22 cents, or 0.6%, at $40.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $40
2020, November, 27, 11:30:00
SAUDI ARABIA'S CARBON CONCEPTION
The circular carbon economy concept has been endorsed by G20 member states but has yet to be put into practice, and the kingdom has not revealed any timelines or targets associated with the plan.
OIL PRICE: NEAR $40
2020, November, 27, 11:25:00
JAPAN'S NIKKEI UP TO 26 644,71
Nikkei rose 0.41% to close at 26,644.71. The index has gained 15.96% this month, and is on track for its best performance since January 1994. The broader Topix rose 0.47% to hit a 25-month high at 1,786.52.
OIL PRICE: NEAR $40
2020, November, 27, 11:20:00
INDONESIA'S COAL FOR CHINA $1.5 BLN
China Coal Transportation and Distribution has signed a US$1.5bn agreement with the Indonesian Coal Mining Association (APBI) to buy 200 Mt of thermal coal in 2021.
OIL PRICE: NEAR $40
2020, November, 27, 11:15:00
BRITAIN'S NUCLEAR VALUE
The UK Treasury said yesterday it is important to consider large-scale nuclear projects in addition to Hinkley Point C (HPC) if the country is to meet its net-zero by 2050 target.
OIL PRICE: NEAR $40
2020, November, 27, 11:10:00
RUSSIAN HYDROGEN DEVELOPMENT
“The global energy market is changing, humanity needs new, efficient, more environmentally friendly energy sources not as a replacement, but as an alternative to traditional hydrocarbons. And hydrogen will definitely occupy its niche in the energy of the future,” said TPU.
OIL PRICE: NEAR $40
2020, November, 26, 12:20:00
OIL PRICE: NOT BELOW $48 ANEW
Brent were down 1 cent at $48.60 a barrel . WTI was off by 4 cents at $45.67 a barrel.
OIL PRICE: NEAR $40
2020, November, 26, 12:15:00
RUSSIAN GAZPROM'S BENEFIT
"The macroeconomic situation has had a negative impact on the long-term development prospects of the LNG industry," Gazprom said, adding that so far in 2020 only one final investment decision had been made for a new LNG production project.
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