2023-05-19 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI ABOVE $72
REUTERS - May 19 - Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel by 0420 GMT, while U.S. West Texas Intermediate crude climbed 48 cents, or 0.7%, to $72.34.
"I think markets have been pricing out the risks of a U.S. debt default, which translates to a more risk-on environment and some dip-buying in Brent crude from previous oversold conditions," said Yeap Jun Rong, a market strategist at IG.
Earlier this week, U.S. President Joe Biden and Speaker of the House of Representatives Kevin McCarthy reiterated their aim to strike a deal to raise the $31.4 trillion federal debt ceiling, agreeing to talk as soon as Sunday.
"Once we get over the U.S. debt ceiling issue, fundamentals may eventually matter more to determine if any upward move can be sustained," said Yeap.
Sentiment remains mixed as investors juggle optimism over avoidance of a U.S. debt default with inflation data that could portend more interest rate hikes from global central banks.
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers.
The potential for additional rate hikes increases concerns about demand weakness in the United States, said analysts from National Australia Bank.
The analysts said, however, there is upside to prices as they expect China's demand to continue improving throughout 2023, which should offset the slowdown in OECD demand.
China's oil refinery throughput in April rose 18.9% from a year earlier to the second-highest level on record, data showed earlier this week.
Chinese refiners maintained high runs to meet recovering domestic fuel demand and build stockpiles ahead of the summer travel season.
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Earlier:
2023, May, 5, 18:30:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $71
Brent rose $2.61, or 3.6%, to $75.11 a barrel, WTI was up $2.70, or 3.9%, at $71.26.
2023, May, 5, 18:25:00
ЦЕНА URALS: $51.05
Средняя цена на нефть марки Urals в январе-апреле 2023 года сложилась в размере $51,05 за баррель, в январе-апреле 2022 года – $84,68 за баррель.
2023, April, 28, 07:00:00
OIL PRICE: BRENT NEAR $79, WTI ABOVE $75
Brent rose 44 cents, or 0.6%, to $78.81 a barrel, WTI was up 40 cents, or 0.5%, at $75.16 a barrel.
2023, April, 28, 06:55:00
OPEC+ RUSSIA COOPERATION
They expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability.
2023, April, 28, 06:50:00
ОБЩИЕ ЭНЕРГЕТИЧЕСКИЕ РЫНКИ ЕАЭС
В 2023 году вместе с коллегами по ЕАЭС мы продолжаем работу над созданием общих энергетических рынков, работаем над решением проблем климата, энергетической безопасности, цифровой трансформации, продовольственной безопасности.
2023, April, 28, 06:45:00
RUSSIAN OIL EXPORTS UP
Since Western sanctions over the war in Ukraine cut off Russia from many of its established trading partners, state companies from Saudi Arabia and the United Arab Emirates have stepped in to take advantage of discounted prices for Russian products,
2023, April, 21, 06:55:00
СОТРУДНИЧЕСТВО РОССИИ, ИНДИИ
«По итогам прошлого года товарооборот между нашими странами вырос в 2,6 раза, превысив отметку в 35 млрд долларов. Мы досрочно выполнили задачу, поставленную лидерами наших стран, по достижению уровня двустороннего товарооборота в 30 млрд долларов США к 2025 году», – отметил Денис Мантуров.
