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2021, February, 4, 16:35:00
OIL MARKET WILL BE GOOD: 2021
The global economy is forecast to grow by 4.4 per cent in 2021, a substantial shift from -4.1 per cent last year. “With the crude oil market currently switching into backwardation, we are hopeful that 2021 will be a good year for overall demand,” Barkindo said.
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2021, February, 4, 16:30:00
U.S. OIL INVENTORIES DOWN 1.0 MB TO 475.7 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
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2021, February, 3, 13:00:00
OIL PRICE: NEAR $58
Brent were up 48 cents, or 0.8%, to $57.94 a barrel. WTI were up 48 cents, or 0.8%, to $57.94 a barrel.
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2021, February, 3, 12:20:00
SERBIA ENERGY INVESTMENT $12 BLN
The main priority for the government is the construction of medium-sized and large hydropower plants because they will provide sustainable energy during the energy transition period, she noted.
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2021, February, 2, 12:20:00
OIL PRICE: NOT BELOW $56
Brent was up 48 cents, or 0.9%, at $56.83 a barrel. WTI gained 52 cents, or 1%, to $54.07.
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2021, February, 1, 12:25:00
OIL PRICE: NOT BELOW $55
Brent were up 53 cents, or 1%, at $55.57 a barrel. WTI gained 41 cents, or 0.8%, to $52.61.
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2021, February, 1, 12:20:00
U.S. GAS PRODUCTION DOWN
The preliminary level for dry natural gas production in November 2020 was 2,757 billion cubic feet (Bcf), or 91.9 Bcf/d. This level was 4.8 Bcf/d (-5.0%) lower than the November 2019 level of 96.7 Bcf/d.
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2021, February, 1, 12:10:00
U.S. GAS MORATORIUM
Following the recent issuance of a 60-day moratorium on new drilling permits and land leases on federal land, President Joe Biden Jan. 27 signed an executive order that would suspend all new federal oil and gas leases,
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2021, February, 1, 11:55:00
BP SELLS IN OMAN $2.6 BLN
bp has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion.
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2021, February, 1, 11:45:00
U.S. RIGS UP 6 TO 384
U.S. Rig Count is up 6 from last week to 384, Canada Rig Count is up 2 from last week to 174.
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2021, January, 29, 14:35:00
OIL PRICE: BELOW $56 YET
Brent rose 23 cents, or 0.4%, to $55.76 a barrel. WTI rose 7 cents, or 0.1%, to $52.41.
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2021, January, 28, 13:20:00
OIL PRICE: BELOW $56 AGAIN
Brent fell 46 cents, or 0.8%, to $55.35 a barrel. WTI fell 36 cents, or 0.7%, to $52.49 a barrel.
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2021, January, 28, 13:10:00
OPEC: DIALOGUE, COOPERATION, RESPECT
OPEC reaffirms its faith – time and time again – of the need for dialogue, cooperation, and respect.
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2021, January, 28, 13:05:00
SAUDI ARABIA'S BRILLIANT MOVE
"The surprise cut that they have done recently is a really brilliant move that led to stabilization of the market joined by other OPEC members at the most critical time," Dmitriev, who has been leading Russia's diplomacy in Saudi Arabia alongside Deputy Prime Minister Alexander Novak, said at the Saudi Future Investment Initiative conference.
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2021, January, 28, 12:50:00
U.S. OIL INVENTORIES DOWN 9.9 MB TO 476.7 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.