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2020-12-04 12:40:00

OIL PRICE: ABOVE $49

OIL PRICE: ABOVE $49

REUTERS - DECEMBER 4, 2020Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations.

Brent was up $1.04, or 2.1%, at $49.75 a barrel by 0555 GMT after gaining around 1% on Thursday. West Texas Intermediate rose 84 cents, or 1.8% to stand at $46.48 a barrel.

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Earlier:

OIL PRICE: ABOVE $49
2020, December, 3, 12:00:00
OIL PRICE: NOT ABOVE $49
Brent was up 21 cents, or 0.4%, at $48.46 a barrel . WTI was 11 cents, or 0.2%, higher at $45.39 a barrel.
OIL PRICE: ABOVE $49
2020, December, 2, 14:45:00
OIL PRICE: NOT ABOVE $48
Brent were down 9 cents, or 0.2%, at $47.33 a barrel . WTI was down 11 cents, or 0.3%, at $44.44.
OIL PRICE: ABOVE $49
2020, December, 2, 14:40:00
RUSSIA'S OIL PRODUCTION 10 MBD
November production was down 11% on the year at 46.07 million mt, or around 11.26 million b/d. This was due to deeper output cuts under the OPEC+ agreement in 2020 compared with 2019.
OIL PRICE: ABOVE $49
2020, December, 1, 13:30:00
OIL PRICE: NEAR $48
Brent was up 31 cents at $48.19 a barrel . WTI was up 28 cents at $45.62.
OIL PRICE: ABOVE $49
2020, December, 1, 13:25:00
OPEC: OIL DEMAND GROWTH 6.1 MBD: 2021
Next year, the global economy is forecast to return to growth, expanding by an estimated at 4.4%, and oil demand growth is expected to be high, in the tune of 6.1 mb/d.
OIL PRICE: ABOVE $49
2020, November, 30, 12:00:00
OPEC+ RUSSIA CONSENSUS
Saudi Arabia and Russia had invited ministers on the nine-country monitoring committee that they co-chair to informal discussions to hash out positions ahead of the official meeting.
OIL PRICE: ABOVE $49
2020, November, 30, 11:55:00
OPEC+ RUSSIA EXTENSION
The fact that US shale is not recovering strongly is further cause for Russia to continue to support ongoing cooperation within OPEC+.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $49
2021, March, 3, 12:34:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
OIL PRICE: ABOVE $49
2021, March, 3, 12:33:00
ГОРНОРУДНАЯ ПРОМЫШЛЕННОСТЬ РОССИИ И СНГ: СПИСОК УЧАСТНИКОВ
200+ руководителей горнодобывающих предприятий России и СНГ, а также компаний-поставщиков технологий, оборудования и услуг для отрасли принимают участие в международной профессиональной Конференции и техническом визите «Горнорудная промышленность России и СНГ 2021: строительство и модернизация» (Курск, 24-25 марта 2021).
OIL PRICE: ABOVE $49
2021, March, 3, 12:30:00
RENEWABLES FOR EUROPE +14.7 GW
Europe is seen to install 105 GW of new wind over the next five years, adding to the 220 GW it has now.
OIL PRICE: ABOVE $49
2021, March, 3, 12:25:00
BRITAIN'S POWER TRANSMISSION INVESTMENT €11.6 BLN
The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.
OIL PRICE: ABOVE $49
2021, March, 3, 12:20:00
SPAIN RENEWABLES ELECTRICITY 59%
The share of renewables in the total daily power production stayed above 50% throughout the month and twice reached 68.4%,
OIL PRICE: ABOVE $49
2021, March, 3, 12:10:00
NUCLEAR POWER FOR BRAZIL
The construction of Angra-3 started in the 1980s but was halted owing to a lack of resources.
OIL PRICE: ABOVE $49
2021, March, 3, 12:05:00
RUSHYDRO NET PROFIT RUB 46.6 BLN
RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its audited consolidated financial statements for the year ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).
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