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2020-02-17 12:05:00

OIL PRICE: ABOVE $57

OIL PRICE: ABOVE $57

REUTERS - Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.

Brent crude LCOc1 was at $57.27 a barrel, down 5 cents by 0754 GMT after rising 5.2% last week, the biggest weekly gain since September 2019.

U.S. West Texas Intermediate crude CLc1 rose 3 cents to $52.08 a barrel, after a 3.4% gain last week.

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Earlier:

OIL PRICE: ABOVE $57
2020, February, 14, 12:20:00
OIL PRICE: ABOVE $56 ANEW
Brent were up 13 cents at $56.47 a barrel, WTI were 14 cents higher at $51.56 a barrel.
OIL PRICE: ABOVE $57
2020, February, 14, 12:10:00
CHINA'S CORONAVIRUS: NO AFFECT
The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told
OIL PRICE: ABOVE $57
2020, February, 12, 12:20:00
OIL PRICE: ABOVE $55 ANEW
Brent was up $1.12, or 2.1%, at $55.13 per barrel, WTI rose 74 cents, or 1.5%, to $50.68 a barrel.
OIL PRICE: ABOVE $57
2020, February, 10, 10:50:00
OIL PRICE: ABOVE $54
Brent crude futures gave up losses to be up 17 cents at $54.64 a barrel while U.S. crude futures added 8 cents to $50.4 a barrel.
OIL PRICE: ABOVE $57
2020, February, 7, 11:15:00
OIL PRICE: NEAR $55
Brent rose 24 cents, or 0.4%, to $55.17 a barrel, WTI were up 15 cents, or 0.3%, at $51.10 a barrel,
OIL PRICE: ABOVE $57
2020, February, 7, 11:05:00
OPEC+ : 600 TBD
The Russian delay is sure to frustrate OPEC kingpin Saudi Arabia, which had called for the collective to immediately implement deeper cuts of 500,000 b/d or more amid the sell-off in crude prices.
OIL PRICE: ABOVE $57
2020, February, 5, 11:25:00
OIL MARKET: WITHOUT A PANIC
"Any overreaction...is not in the interest of the general public, let alone the oil market. We have the consensus that we would not like to see this."
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $57
2020, April, 3, 11:54:00
PUBLIC PRIVATE PARTNERSHIP WORKSHOP: FINANCING, PROJECTS & CONTRACTS
Singapore – The Public Private Partnership (PPP): Financing, Projects & Contracts workshop is back for 2020. With more sessions in different locations, Infocus International is delighted to bring one of their best events to professionals from all around the world.
OIL PRICE: ABOVE $57
2020, April, 3, 11:53:00
POWER PURCHASE AGREEMENT WITH CLAUSE BY CLAUSE ANALYSIS
Power Purchase Agreement with Clause by Clause Analysis 3 – 6 November 2020, Singapore
OIL PRICE: ABOVE $57
2020, April, 3, 11:50:00
CARBON NEUTRAL FUEL INVESTMENT €1.7 MLN
A consortium led by circular carbon energy company Liquid Wind will produce liquid, carbon neutral fuel from captured carbon dioxide and green hydrogen at a new facility in Sweden.
OIL PRICE: ABOVE $57
2020, April, 2, 15:05:00
OIL PRICE: NEAR $27
Brent was up 10.75%, or $2.66, to $27.40, WTI rose 10.09% or $2.05, to $22.36.
OIL PRICE: ABOVE $57
2020, April, 2, 14:55:00
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
Saudi Arabia is following through on its threat to flood the market, after Russia last month rejected a Saudi-led OPEC proposal for significant production cuts to backstop already sliding oil prices from the coronavirus pandemic's impact on the global economy.
OIL PRICE: ABOVE $57
2020, April, 2, 14:50:00
#OilPriceWar: U.S. NEED THE RESCUE
Podcast/Audio - US lawmakers from oil-producing states are trying to increase pressure on the White House to do something to help drillers getting hammered by plummeting prices -- from aggressive diplomacy to banning crude imports.
OIL PRICE: ABOVE $57
2020, April, 2, 14:45:00
U.S. OIL STOCKS UP
U.S. Commercial crude stocks jumped 13.83 million barrels to 469.19 million barrels during the week
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