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Upstream

Upstream
2024, March, 18, 07:00:00
OIL PRICE: BRENT ABOVE $85, WTI ABOVE $81
Brent climbed 32 cents, or 0.4%, to $85.66 a barrel, WTI was up 40 cents, or 0.5%, at $81.44.
Upstream
2024, March, 18, 06:45:00
OIL SECURITY FOR ALL
OPEC has consistently reaffirmed its commitment to oil market stability and security of supply, including through its Members holding spare capacity at their own cost in case of any unforeseen global oil supply disruptions.
Upstream
2024, March, 13, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI NEAR $78
Brent rrose 46 cents, or 0.6%, to $82.38 a barrel, WTI gained 47 cents, or 0.6%, to $78.03.
Upstream
2024, March, 7, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI ABOVE $79
Brent rose 15 cents to $83.11 a barrel, WTI rose 18 cents to $79.31 a barrel.
Upstream
2024, March, 7, 06:55:00
OPEC+ VOLUNTARY CUTS
These voluntary cuts are calculated from the 2024 required production level as per the 35th OPEC Ministerial Meeting held on June 4, 2023, and are in addition to the voluntary cuts previously announced in April 2023 and later extended until the end of 2024.
Upstream
2024, March, 7, 06:50:00
OPEC+: HARD DECISION
These curbs on supply have helped prop up the price of crude for the past 18 months but left Saudi Arabia, which has cut its production by 2mn barrels a day, shouldering most of the cost.
Upstream
2024, March, 5, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $79
Brent fell 3 cents to $82.77 a barrel, WTI fell 11 cents, to $78.63.
Upstream
2024, March, 5, 06:50:00
РОССИЯ СНИЗИТ ДОБЫЧУ НА 471 ТБД
Россия осуществит дополнительное добровольное сокращение добычи и экспорта нефти совокупно на 471 тыс. баррелей в сутки в II квартале 2024 года в координации с некоторыми странами – участницами ОПЕК+.
Upstream
2024, March, 5, 06:45:00
OPEC+ OIL WILL DOWN
Ample supplies have anchored international oil prices near $80 a barrel this year, even as conflict in the Middle East disrupts regional shipping.
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2024, February, 28, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI ABOVE $78
Brent fell 30 cents, or 0.36%, to $83.35 a barrel, WTI dropped 28 cents to $78.59 a barrel.
Upstream
2024, February, 28, 06:55:00
GLOBAL RUSSIAN ENERGY & SANCTIONS
Deputy Prime Minister and OPEC+ envoy Alexander Novak drove home the official line that sanctions make Russia stronger when he said in October, referring to the redirection of exports, "the main consumption of energy resources will in future be in [the Asia-Pacific] region... We would have to do this anyway. We just sped up a bit."
Upstream
2024, February, 26, 07:00:00
OIL PRICE: BRENT ABOVE $81, WTI ABOVE $76
Brent fell 35 cents, or 0.4%, to $81.27 a barrel, WTI declined 35 cents, or 0.5%, to $76.14 a barrel.
Upstream
2024, February, 21, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI ABOVE $77
Brent rose 30 cents or 0.36% to $82.64 a barrel, WTI were up 26 cents or 0.34% at $77.30.
Upstream
2024, February, 20, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI NEAR $80
Brent ticked down 11 cents to $83.45 a barrel, WTI rose 36 cents to $79.55 a barrel.
Upstream
2024, February, 20, 06:50:00
RUSSIAN ENERGY SANCTIONS 2024
The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine