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2020-12-03 12:00:00

OIL PRICE: NOT ABOVE $49

OIL PRICE: NOT ABOVE $49

REUTERS - DECEMBER 3, 2020 - Oil prices rose on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.

Brent crude was up 21 cents, or 0.4%, at $48.46 a barrel by 0802 GMT, after gaining 1.8% on Wednesday. U.S. oil was 11 cents, or 0.2%, higher at $45.39 a barrel, having ended 1.6% higher the previous session.

The Organization…

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Earlier:

OIL PRICE: NOT 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: NOT 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: NOT 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: NOT 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: NOT ABOVE $49
2020, November, 30, 12:05:00
OIL PRICE: NOT BELOW $47 ANEW
Brent dropped 46 cents, or 1%, to $47.72 a barrel . WTI fell 48 cents, or 1.1%, to $45.05 a barrel.
OIL PRICE: NOT 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: NOT 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: NOT ABOVE $49
2021, January, 20, 14:24:00
7th INTERNATIONAL LNG CONGRESS REVEALS THE BUSINESS PROGRAM
The 7th International LNG Congress will be held on the 7th-8th of June in Madrid, Spain. LNG supply potential in Europe, usage of alternative fuels, vehicles mobility, marine transportation and storage, politics and financing in the market, and small- and large-scale LNG projects will be the main topics of the Congress.
OIL PRICE: NOT ABOVE $49
2021, January, 20, 14:20:00
UAE HYDROGEN ENERGY
Abu Dhabi National Oil Co (Adnoc) formed an alliance with Mubadala Investment Co and ADQ to produce hydrogen from renewable energy, known as green hydrogen,
OIL PRICE: NOT ABOVE $49
2021, January, 20, 14:15:00
SOLAR MARKET EXPANDING
The expanding solar market could also provide a needed source of employment for the recession-stricken nation. Renewable energy employs 11.5 million people worldwide, and solar power accounts for 33% of that
OIL PRICE: NOT ABOVE $49
2021, January, 20, 14:10:00
TOTAL SUBORDINATED BONDS €3 BLN
Total SE successfully issued perpetual subordinated bonds in the amount of €3 billion
OIL PRICE: NOT ABOVE $49
2021, January, 19, 14:00:00
OIL PRICE: ABOVE $55 YET
Brent rose 46 cents to $55.21 a barrel. WTI was at $52.40 a barrel, up 4 cents.
OIL PRICE: NOT ABOVE $49
2021, January, 19, 13:55:00
GLOBAL INDEXES UP ANEW
S&P 500 futures rising 0.6% and Nasdaq futures up 0.9% after the long holiday weekend.
OIL PRICE: NOT ABOVE $49
2021, January, 19, 13:50:00
EU GAS MARKETS ARE CHANGING
The European Commission is planning to issue new proposals for gas legislation in the last quarter of 2021. EU gas markets are on the cusp of dramatic changes.
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