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2020-04-01 13:05:00

OIL PRICE: NEAR $25

OIL PRICE: NEAR $25

REUTERS - APRIL 1, 2020 - Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns.

Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand due to the coronavirus outbreak have hammered the market.

Global benchmark Brent crude fell 66% in the first three months of 2020 in its biggest ever quarterly…

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Earlier:

OIL PRICE: NEAR $25
2020, March, 31, 13:50:00
OIL PRICE: NEAR $23 YET
Brent was up by 61 cents, or 2.7%, at $23.37 a barrel, WTI was up by $1.04, or 5.2%, at $21.13 a barrel
OIL PRICE: NEAR $25
2020, March, 30, 10:30:00
OIL PRICE: NEAR $23
Brent was down 5.8%, or $1.45, to $23.48 a barrel, WTI fell as far as $19.92, near an 18-year low hit earlier this month, and was last trading down 3.8%, or $0.82, at $20.69 a barrel.
OIL PRICE: NEAR $25
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
OIL PRICE: NEAR $25
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
OIL PRICE: NEAR $25
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
OIL PRICE: NEAR $25
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
OIL PRICE: NEAR $25
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: NEAR $25
2020, August, 12, 13:50:00
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: NEAR $25
2020, August, 11, 14:05:00
OIL PRICE: ABOVE $45
Brent added 29 cents, or 0.6%, to $45.28 a barrel , WTI rose 38 cents, or 0.9%, to $42.32 a barrel.
OIL PRICE: NEAR $25
2020, August, 11, 14:00:00
GLOBAL SHARES UP
A pan-European share index rose almost 1% , with auto shares leading the way after a surge in Chinese car sales and futures tipped a stronger Wall Street ESc1 open.
OIL PRICE: NEAR $25
2020, August, 11, 13:55:00
U.S. $ UP ANEW
Euro/dollar was last neutral at $1.1736 EUR=EBS,
OIL PRICE: NEAR $25
2020, August, 11, 13:50:00
BRITAIN'S EMPLOYMENT DOWN
Mounting job losses are expected as Britain winds down its job-retention scheme
OIL PRICE: NEAR $25
2020, August, 11, 13:45:00
MINING OF RUSSIA
Mining of Russia 2020 brings together more than 200 senior executives of the key mining companies from Russia and the CIS Name: International Conference & Onsite visit Mining of Russia 2020 Date: 3 - 4 September 2020, Kursk, Russia
OIL PRICE: NEAR $25
2020, August, 11, 13:40:00
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.
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