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2020, August, 13, 13:45:00
OIL DEMAND WILL UP BY 7 MBD
For 2021, world oil demand growth is forecast to rise by 7.0 mb/d,
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2020, August, 13, 13:40:00
OIL PRICES 2020-21: $43-$50
monthly Brent spot prices will average $43/b during the second half of 2020 and rise to an average of $50/b in 2021.
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2020, August, 13, 13:35:00
U.S. OIL INVENTORIES DOWN BY 4.5 MB TO 514.1 MB
U.S. commercial crude oil inventories decreased by 4.5 million barrels to 514.1 million barrels,
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2020, August, 12, 14:20:00
OIL PRICE: ABOVE $45 ANEW
Brent was up 67 cents, or 1.5%, at $45.17 a barrel, WTI was up 65 cents, or 1.6%, at $42.26 a barrel
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2020, August, 12, 14:00:00
U.S. FRACKING IS IMPORTANT
A ban on fracking may sound noble in some circles, but far from being a practical and permanent solution, it may pose significant impediments to energy generation in the United States and the national economy.
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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.
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2020, August, 10, 11:35:00
OIL PRICE: NEAR $45 AGAIN
Brent rose 34 cents, or 0.8%, to $44.74 a barrel , WTI were up 47 cents, or 1.1%, to $41.69 a barrel.
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2020, August, 10, 11:00:00
WORLDWIDE RIG COUNT DOWN 43 TO 1,030
The worldwide rig count for July 2020 was 1,030, down 43 from the 1,073 counted in June 2020,
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2020, August, 10, 10:55:00
U.S. RIGS DOWN 4 TO 247
U.S. Rig Count is down 4 from last week at 247, Canada Rig Count is up 2 rigs from last week to 47
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2020, August, 7, 13:55:00
OIL PRICE: NEAR $45 YET
Brent fell 31 cents, or 0.7%, to $44.78, WTI slipped 39 cents, or 0.9%, to $41.56.
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2020, August, 6, 12:10:00
OIL PRICE: NEAR $45 ANEW
Brent fell 7 cents to $45.10 a barrel, WTI was down 25 cents at $41.94.
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2020, August, 5, 12:15:00
OIL PRICE: NEAR $45
Brent was up 44 cents, or 1%, at $44.87 a barrel, WTI rose 43 cents, or 1%, to $42.13 a barrel.
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2020, August, 5, 12:10:00
U.S. OIL PRODUCTION DECREASING
Production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d)
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2020, August, 4, 14:45:00
OIL PRICE: ABOVE $43 TOO
Brent were 72 cents, or 1.7%, lower at $43.43 a barrel, WTI were down 68 cents, or 1.7%, at $40.33 a barrel