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2020-03-02 13:05:00

OIL PRICE: NEAR $51 ANEW

OIL PRICE: NEAR $51 ANEW

REUTERS - MARCH 2, 2020 - Oil prices jumped more than 4%, up from multi-year lows hit earlier on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

Brent crude LCOc1 was at $51.91 a barrel, up $2.24 or 4.5%, by 0812 GMT, off $48.40, the lowest since July 2017.

Across the Atlantic, U.S. West Texas Intermediate crude CLc1 hit a 14-month low of $43.32, before recovering to $46.65, up $1.89, or 4.2%.

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Earlier:

OIL PRICE: NEAR $51 ANEW
2020, February, 28, 15:45:00
OIL PRICE: NEAR $51
Brent was down $1.74, or 3.3%, at $49.99 a barrel, WTI fell $1.89, or about 4%, to $45.20.
OIL PRICE: NEAR $51 ANEW
2020, February, 26, 10:35:00
OIL PRICE: NEAR $55
Brent rose 33 cents, or 0.6%, to $55.28 a barrel, WTI gained 41 cents, or 0.8%, to $50.31 a barrel.
OIL PRICE: NEAR $51 ANEW
2020, February, 24, 10:50:00
OIL PRICE: NEAR $57
Brent fell by $1.42, or 2.4%, to $57.08 a barrel, WTI fell by $1.26, or 2.4%, to $52.12.
OIL PRICE: NEAR $51 ANEW
2020, February, 21, 12:30:00
OIL MARKET: NOTHING URGENT
Despite the partial recovery, oil prices are still far below the level many OPEC members need for their budgets to balance.
OIL PRICE: NEAR $51 ANEW
2020, February, 19, 11:55:00
GLOBAL OIL DEMAND 2020: 100.73 MBD
Oil demand growth in 2020 is revised down by 0.23 mb/d from the previous month’s assessment. With this, global oil demand is now forecast to grow by 0.99 mb/d and average 100.73 mb/d for 2020,
OIL PRICE: NEAR $51 ANEW
2020, February, 19, 11:50:00
GLOBAL PETROLEUM DEMAND WILL UP BY 1.0 MBD
EIA now expects global petroleum and liquid fuels demand will rise by 1.0 million b/d in 2020, which is lower than the forecast increase in the January STEO of 1.3 million b/d in 2020, and by 1.5 million b/d in 2021.
OIL PRICE: NEAR $51 ANEW
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
All Publications »
Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:24:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open. The event will take place on 12-13 November 2020, in Saint-Petersburg.
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:20:00
HYDROGEN ENERGY WILL UP
Japan's Minister of Economy, Trade and Industry Hiroshi Kajiyama, the host of the conference, said that there was a growing global consensus that hydrogen would be essential for decarbonization, citing increased numbers of hydrogen strategy roadmaps being announced by the major global economies.
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:15:00
TURKEY GAS RESERVES UP
The increase in the reserves is the result of continued drilling to a depth of 4,775 meters in the Tuna-1 well, which located a third reservoir in addition to the two reservoirs identified at around 3,500 meters depth in earlier drilling.
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:10:00
CHINA ECONOMY UP
On a quarter-on-quarter basis, China GDP rose 2.7% in the third quarter, the NBS said, compared with expectations for a 3.2% rise and an 11.5% rise in the previous quarter.
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:05:00
U.S. INDUSTRIAL PRODUCTION DOWN
U.S. industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains.
OIL PRICE: NEAR $51 ANEW
2020, October, 19, 14:00:00
U.S. RIGS UP 13 TO 282
U.S. Rig Count is up 13 from last week to 282, Canada Rig Count is unchanged from last week at 80,
OIL PRICE: NEAR $51 ANEW
2020, October, 16, 13:10:00
OIL PRICE: NOT ABOVE $43 TILL
Brent dropped 38 cents, or 0.9%, to $42.78 a barrel, WTI slid 35 cents, or 0.9%, to $40.61 a barrel.
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