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2020-03-04 10:05:00

OIL PRICE: NOT ABOVE $53

OIL PRICE: NOT ABOVE $53

REUTERS - MARCH 4, 2020 - Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.

Brent crude LCOc1 rose by 78 cents, or 1.50%, to $52.64 a barrel at 0502 GMT, after settling down 4 cents in the previous session. U.S. West Texas Intermediate (WTI) futures CLc1 rose by 72 cents, or 1.53%, to $47.90 a barrel, up for a third session.

A panel of the Organization of Petroleum Exporting…

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Earlier:

OIL PRICE: NOT ABOVE $53
2020, March, 2, 13:05:00
OIL PRICE: NEAR $51 ANEW
Brent was at $51.91 a barrel, up $2.24 or 4.5%, WTI hit a 14-month low of $43.32, before recovering to $46.65, up $1.89, or 4.2%.
OIL PRICE: NOT ABOVE $53
2020, March, 2, 13:00:00
BRENT PRICE LEVEL: $ 42.4
"I want to emphasize, for the Russian budget, for our economy, current oil prices are acceptable. Let me remind you that this year, as part of our macroeconomic policy, we took a Brent crude price of $42.40/b as the base level," Putin said during a meeting on the impact of the coronavirus on the global economy and the oil market with government ministers and representative of oil and gas companies.
OIL PRICE: NOT ABOVE $53
2020, March, 2, 12:55:00
OPEC+ OIL CUTS
Despite heavy lobbying by Saudi Arabia, the 23-country coalition of OPEC and non-OPEC producers has yet to agree on any plans to rein in crude oil production further.
OIL PRICE: NOT ABOVE $53
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: NOT ABOVE $53
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: NOT ABOVE $53
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: NOT ABOVE $53
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
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NOT ABOVE $53
2020, September, 29, 12:30:00
ELECTRICITY MARKET MODERNIZATION
A key result that also emerges from our work is that electricity markets must be modernised because existing market structures make investment in any unsubsidised low-carbon technology very difficult.
OIL PRICE: NOT ABOVE $53
2020, September, 29, 12:25:00
EUROPE'S INDEX DOWN
The pan-European STOXX 600 was down 0.5% after recording its biggest single-day gain in three months on Monday.
OIL PRICE: NOT ABOVE $53
2020, September, 29, 12:20:00
ROSATOM OVERSEAS PORTFOLIO $140 BLN
Rosatom's 10-year portfolio of overseas orders has a value of about USD140 billion and includes, among others, 36 new units at various stages of implementation in 12 countries.
OIL PRICE: NOT ABOVE $53
2020, September, 28, 12:10:00
OIL PRICE: NOT BELOW $41 AGAIN
Brent fell 37 cents, or 0.9%, to $41.55 a barrel, WTI was at $39.86 a barrel
OIL PRICE: NOT ABOVE $53
2020, September, 28, 12:05:00
ТРАНСФОРМАЦИЯ МИРОВОЙ ЭНЕРГЕТИКИ
Структура энергетической отрасли будет трансформироваться, как со стороны спроса, так и со стороны предложения.
OIL PRICE: NOT ABOVE $53
2020, September, 28, 12:00:00
NORD STREAM 2 BLOCKING
Nord Stream 2 would double the capacity of the gas corridor via the Baltic Sea to Germany to 110 Bcm/year and would reduce the need for Russia to use Ukraine as a transit country for gas supply to Europe.
OIL PRICE: NOT ABOVE $53
2020, September, 28, 11:55:00
NORWAY'S OIL & GAS PRODUCTION 1.722 MBD
The production figures for oil in August include this cut of 134 000 barrels per day in the second half of 2020.
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