2024-02-13 07:00:00
OIL PRICE: BRENT NEAR $82, WTI NEAR $77
REUTERS - Feb 13, 2024 - Oil prices were little changed on Tuesday for a second straight day as uncertainty about the pace of potential U.S. interest rate cuts and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply.
Brent futures edged 1 cent lower $81.99 a barrel. U.S. West Texas Intermediate (WTI) crude rose 1 cent to $76.93 a barrel.
Oil prices were near flat in Monday's trade as well, after gaining 6% last week.
The conflict in the Middle East has kept prices elevated.
On Monday, Israel freed two Israeli-Argentine hostages held by Hamas in Rafah in a ferocious rescue operation that killed 74 Palestinians in the southern Gaza city where about one million civilians have sought refuge from months of bombardments.
But limiting gains were worries about interest rates.
The New York Fed said its January Survey of Consumer Expectations showed the outlook for inflation a year and five years from now were unchanged, with both remaining above the Fed's 2% target rate.
If inflation worries delay Fed interest rate cuts, that could reduce oil demand by slowing economic growth.
U.S. inflation data is expected on Tuesday, while British inflation and euro zone Gross Domestic Product (GDP) data should land on Wednesday.
Market participants awaited industry data later on Tuesday on U.S. crude inventories. Four analysts polled by Reuters estimated on average that crude inventories rose by about 2.6 million barrels in the week to Feb. 9.
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Earlier:
2024, February, 9, 07:00:00
OIL PRICE: BRENT NEAR $82, WTI ABOVE $76
Brent slipped 1 cent to $81.62 a barrel, WTI rose 3 cents to $76.25 a barrel.
2024, February, 9, 06:55:00
ЭНЕРГИЯ РОССИИ ДЛЯ АЗИИ
Несмотря на санкции со стороны недружественных стран, за последние два года Россия расширила географию поставок и обрела новые партнёрские связи, переориентировав поставки нефти, газа и угля на 85% в сторону стран АТР.
2024, February, 9, 06:50:00
ОПЕК+ РОССИЯ - 1,7 МБД
Объём добровольного сокращения добычи нефти участниками сделки в I квартале 2024 года составляет 1,7 млн баррелей в сутки, Россия также добровольно сокращает экспорт нефти на 500 тыс. баррелей в сутки в первые три месяца текущего года.
2024, February, 9, 06:45:00
OPEC + RUSSIA COHESION
The Committee will continue to closely assess market conditions. Building on the strong cohesion between OPEC and participating non-OPEC oil-producing countries,
2024, February, 7, 07:00:00
OIL PRICE: BRENT NEAR $79, WTI ABOVE $73
Brent rose 16 cents, or 0.2%, to $78.75 a barrel, WTI climbed 20 cents, or 0.3%, to $73.51.
2024, February, 7, 06:55:00
RUSSIAN OIL FOR INDIA
Oil imports from Russia, negligible before Moscow’s invasion of Ukraine, climbed steadily through 2022 and the first half of last year as India saw an opportunity to procure discounted barrels. Russia overtook traditional suppliers like Iraq and Saudi Arabia.
2024, February, 2, 06:55:00
INDIA NEED OIL REFINING
India’s refining capacity is projected to increase by 56 million tons by 2028, Junior Oil Minister Rameswar Teli said last month, without elaborating. That equates to an overall capacity boost of 22%, or 1.12 million barrels a day.
