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2021, February, 16, 12:00:00
IRAN'S OIL & SANCTIONS
Iran, which sits on the world’s fourth-largest oil reserves, relies heavily on oil revenue, but sanctions have prevented it from pumping at anywhere near capacity since 2018.
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2021, February, 16, 11:40:00
ROSNEFT NET INCOME RUB 147 BLN
Net income in 4Q 2020 reached a record of RUB 324 bln and amounted to RUB 147 bln in 2020.
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2021, February, 16, 11:35:00
ROSNEFT PRODUCTION 4 MBD
Brent was up $1.02, or 1.6%, at $63.45 a barrel . WTI gained $1.28, or 2.2%, to $60.75 a barrel.
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2021, February, 15, 14:00:00
OIL PRICE: ABOVE $63
Brent was up $1.02, or 1.6%, at $63.45 a barrel . WTI gained $1.28, or 2.2%, to $60.75 a barrel.
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2021, February, 15, 13:55:00
GLOBAL INDEXES UP YET
Japan’s Nikkei led the way, climbing 1.9% to reclaim the 30,000-point level for the first time in more than three decades.
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2021, February, 15, 13:10:00
U.S. RIGS UP 5 TO 397
U.S. Rig Count is up 5 from last week to 397, Canada Rig Count is up 5 from last week to 176.
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2021, February, 12, 12:20:00
OIL PRICE: ABOVE $60
Brent was down 39 cents, or 0.6% at $60.75 a barrel. WTI was down 44 cents, or 0.8% at $57.80 a barrel.
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2021, February, 12, 12:15:00
GLOBAL OIL DEMAND + 5.8 MBD
For 2021, oil demand is now anticipated to increase by 5.8 mb/d, revised down by around 0.1 mb/d from last month’s projection, to average 96.1 mb/d.
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2021, February, 12, 12:10:00
U.S. OIL INVENTORIES DOWN 6.6 MB TO 469.0 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
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2021, February, 12, 12:05:00
OIL REVENUES WILL DOWN $9 TLN
OPEC has long maintained that oil will remain a dominant energy source in the decades to come.
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2021, February, 12, 11:55:00
OIL ISN'T ENOUGH FOR $3 TRLN
To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of oil need to be added to currently producing assets.
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2021, February, 11, 14:30:00
OIL PRICE: NEAR $61 YET
Brent fell 35 cents, or 0.6%, to $61.12 a barrel. WTI slid 34 cents, or 0.6%, to $58.34 a barrel.
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2021, February, 11, 14:25:00
U.S. OIL IMPORTS WILL UP
U.S. increases in net crude oil imports in 2021 and 2022 because domestic crude oil production and inventory draws alone will not meet the needs of U.S. refineries.
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2021, February, 10, 12:00:00
OIL PRICE: NEAR $61 ANEW
Brent was down by 1 cent at $61.08. WTI dropped 8 cents to $58.28.
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2021, February, 10, 11:55:00
OIL PRICES 2021-22: $52-$56
Brent crude oil prices will average $56/b in the first quarter of 2021 and $52/b over the remainder of the year. Brent prices will average $55/b in 2022.