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2021-01-20 14:50:00

OIL PRICE: ABOVE $56 ANEW

OIL PRICE: ABOVE $56 ANEW

REUTERS - JANUARY 20, 2021 - Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories. 

U.S. Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to “act big” on pandemic relief spending. A fall in the dollar after the comments helped oil to rally, analysts said. 

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Earlier:

OIL PRICE: ABOVE $56 ANEW
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: ABOVE $56 ANEW
2021, January, 19, 13:45:00
U.S. FOSSIL FUEL WILL UP
U.S. production of all fossil fuels—crude oil, coal, dry natural gas, and natural gas plant liquids (NGPL)—to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
OIL PRICE: ABOVE $56 ANEW
2021, January, 18, 13:15:00
OIL PRICE: NEAR $55 AGAIN
Brent fell 20 cents, or 0.4%, to $54.90 a barrel. WTI fell 20 cents, or 0.4%, to $54.90 a barrel.
OIL PRICE: ABOVE $56 ANEW
2021, January, 15, 12:05:00
OIL PRICE: BELOW $56 ANEW
Brent was down 71 cents, or 1.2%, at $55.71 a barrel. WTI was 46 cents, or 0.9%, lower at $53.11 a barrel.
OIL PRICE: ABOVE $56 ANEW
2021, January, 15, 12:00:00
GLOBAL OIL DEMAND WILL UP BY 5.9 MBD
For 2021, global oil demand is forecast to increase by 5.9 mb/d y-o-y to average 95.9 mb/d.
OIL PRICE: ABOVE $56 ANEW
2021, January, 15, 11:55:00
OPEC+ STABILIZATION
The OPEC+ alliance, led by Saudi Arabia and Russia, decided in December after days of heated negotiations to ease their stringent quotas by a collective 500,000 b/d for January, instead of the originally scheduled 2 million b/d tapering.
OIL PRICE: ABOVE $56 ANEW
2021, January, 14, 14:25:00
OIL PRICE: BELOW $56
Brent fell 36 cents to $55.70 a barrel. WTI dropped 26 cents to $52.65.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:34:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:30:00
RENEWABLES FOR EUROPE +14.7 GW
Europe is seen to install 105 GW of new wind over the next five years, adding to the 220 GW it has now.
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:25:00
BRITAIN'S POWER TRANSMISSION INVESTMENT €11.6 BLN
The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:20:00
SPAIN RENEWABLES ELECTRICITY 59%
The share of renewables in the total daily power production stayed above 50% throughout the month and twice reached 68.4%,
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:10:00
NUCLEAR POWER FOR BRAZIL
The construction of Angra-3 started in the 1980s but was halted owing to a lack of resources.
OIL PRICE: ABOVE $56 ANEW
2021, March, 3, 12:05:00
RUSHYDRO NET PROFIT RUB 46.6 BLN
RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its audited consolidated financial statements for the year ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).
OIL PRICE: ABOVE $56 ANEW
2021, March, 2, 12:40:00
OIL PRICE: NEAR $63
Brent dropped 70 cents, or 1.1%, to $62.99 a barrel. WTI fell 71 cents, or 1.2%, to $59.93 a barrel.
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