Upstream
![Upstream](/cache/04-21/price-247.6fa58746.jpg)
2021, April, 1, 12:50:00
OIL PRICE: ABOVE $63 AGAIN
Brent was up by 91 cents, or 1.5%, at $63.65 a barrel. WTI was up 99 cents, or 1.7%, at $60.15 a barrel.
![Upstream](/cache/04-21/price-243.5e0a9c19.jpg)
2021, April, 1, 12:45:00
FRAGILE OIL DEMAND
The positives offer hope, but we need to remember that the environment remains challenging, complex and uncertain, with the market volatility we have witnessed in the last two weeks of March a reminder of the fragility facing economies and oil demand.
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2021, April, 1, 12:40:00
RELIABILITY OF RUSSIAN GAS
However, Russian gas remains competitive for European buyers given its low-cost production base and long-term reliability.
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2021, April, 1, 12:05:00
U.S. OIL INVENTORIES DOWN 0.9 MB TO 501.8 MB
U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.
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2021, March, 31, 11:55:00
OIL PRICE: ABOVE $64 ANEW
Brent rose 32 cents, or 0.5%, to $64.46 a barrel. WTI climbed 26 cents, or 0.4%, to $60.81 a barrel.
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2021, March, 31, 11:50:00
OPEC PROTECTS OIL PRICE
OPEC+ will discuss whether to revive part of the 1.2 million barrels a day of output it’s committed to returning to the market in installments this year. At the same time, the Saudis will review the status of an additional 1 million barrel-a-day cut they have been making since February to accelerate the process of clearing the lingering oil glut.
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2021, March, 30, 12:45:00
OIL PRICE: NEAR $65
Brent was down 21 cents, or 0.3%, at $65.19 a barrel. WTI was up 19 cents, or 0.3%, at $61.75 a barrel.
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2021, March, 30, 12:40:00
OIL NEEDS A SOLUTION
Faltering oil prices in recent days after a weeks-long surge to around $70/b have many analysts forecasting that the OPEC+ group of producers may largely roll over their quotas for at least another month.
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2021, March, 29, 13:35:00
OIL PRICE: ABOVE $64 YET
Brent was down 29 cents, or 0.5%, at $64.28 a barrel. WTI fell 55 cents, or 1%, to $60.42 a barrel.
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2021, March, 29, 12:40:00
U.S. RIGS UP 6 TO 417
U.S. Rig Count is up 6 from last week at 417, Canada Rig Count is down 11 from last week to 81
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2021, March, 26, 12:30:00
OIL PRICE: ABOVE $63 ANEW
Brent was higher by 54 cents, or 0.9%, at $62.49 a barrel. WTI was up 65 cents, or 1.1%, at $59.21 a barrel.
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2021, March, 25, 12:25:00
OIL PRICE: ABOVE $63
Brent slid 77 cents, or 1.2%, to $63.64 a barrel. WTI dropped by 87 cents, or 1.4%, to $60.31 a barrel.
![Upstream](/cache/03-21/oil-78.b4fa10f1.jpg)
2021, March, 25, 12:05:00
U.S. OIL INVENTORIES UP 1.9 MB TO 502.7 MB
U.S. commercial crude oil inventories increased by 1.9 million barrels to 502.7 million barrels.
![Upstream](/cache/03-21/price-210.37b5f3d8.jpg)
2021, March, 24, 10:40:00
OIL PRICE: NEAR $61
Brent rose 8 cents, or 0.1%, to $60.87 a barrel. WTI rose 8 cents, or 0.1%, to $60.87 a barrel.
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2021, March, 23, 15:30:00
OIL PRICE: NEAR $62
Brent dropped by $2.20, or 3.4%, to $62.42 a barrel. WTI fell by $2.10, or %3.4, to $59.46 a barrel.