2020-10-06 15:55:00
OIL PRICE: NOT BELOW $41
REUTERS - OCTOBER 6, 2020 - Oil prices gained on Tuesday amid supply disruptions in Norway, a new hurricane in the Gulf of Mexico, and U.S. President Donald Trump's return to the White House after being treated for COVID-19 in hospital.
Brent crude futures were up 38 cents, or 0.9%, by 0949 GMT at $41.67 a barrel.
U.S. West Texas Intermediate (WTI) crude futures were trading 34 cents higher, or 0.9%, at $39.56 a barrel.
An oil workers' strike in Norway will cut the country's total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total production, according to the Norwegian Oil and Gas Association.
Around 60% of the total cuts were in natural gas, with crude oil and natural gas liquids making up the rest, according to Reuters calculations.
"Besides Norway, there could also be production outages in the Gulf of Mexico this week, where another hurricane has developed," Commerzbank said.
Energy companies were evacuating offshore oil platforms as Hurricane Delta strengthened to category 2 and could become a major hurricane when it reaches the Gulf of Mexico on Thursday.
Chevron CVX.N has begun evacuating all personnel from its platforms in the region and is shutting-in the facilities, the company said.
A rally in world stock markets after Trump’s return to the White House from hospital and expectations of a new U.S. stimulus package being agreed also boosted oil.
Oil prices had fallen sharply when Trump went to hospital on Friday, as it created uncertainty for investors over what would happen in the United States as the country gears up for a presidential election on Nov. 3.
Hopes for a bipartisan U.S. economic relief package grew as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke on Monday and prepared to talk again on Tuesday, in a concerted effort to reach a compromise on legislation.
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Earlier:
2020, October, 5, 13:25:00
OIL PRICE: NOT BELOW $40
Brent was up $1.20, or 3.1%, to $40.47 a barrel, WTI was $1.26, or 3.4%, higher at $38.31 a barrel.
2020, October, 2, 11:30:00
OIL PRICE: NOT BELOW $39
Brent was down $1.12, or 2.7%, at $39.81 a barrel, WTI was down $1.12, or 2.9%, at $37.60.
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.
2020, September, 29, 12:55:00
УСТОЙЧИВОСТЬ ИНВЕСТИЦИЙ В ЭНЕРГЕТИКУ
Выработанный комплекс принципов в этой области, таких как повышение доступности энергетических данных, обеспечение инвестиций в устойчивые энергетические системы, обеспечение устойчивости цифровых энергетических систем, на наш взгляд, отвечает действительности и подтверждает основные концепции, обсуждавшиеся и согласованные в предыдущие годы.
2020, September, 28, 12:05:00
ТРАНСФОРМАЦИЯ МИРОВОЙ ЭНЕРГЕТИКИ
Структура энергетической отрасли будет трансформироваться, как со стороны спроса, так и со стороны предложения.
2020, September, 25, 13:00:00
OPEC+ IRAQ REDUCING
OPEC’s second-biggest producer, Iraq has failed in the past to fully comply with OPEC+ oil output reductions,
2020, September, 25, 12:55:00
RUSSIA'S OIL EXPORTS DOWN, LNG UP
Russia’s crude oil export in January-July 2020 was down 4.2% year-on-year to 143.2 mn tons. In terms of value, crude oil export decreased by 36.6% year-on-year making $43.9 bn.
