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2023, February, 17, 11:15:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $77
Brent dropped 96 cents, or 1.13%, to $84.18 per barrel, WTI shed 97 cents, a 1.24% loss, to $77.52.
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2023, February, 17, 11:10:00
OPEC+ OIL DEAL CONTINUING
In October, OPEC and its partners took the unusual step of assigning fixed production targets for a full year ahead. Key officials have indicated they intend to leave the quotas unchanged throughout 2023, and the comments from Prince Abdulaziz bin Salman are the most emphatic to date.
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2023, February, 17, 10:35:00
U.S. OIL INVENTORIES UP BY 16.3 MB TO 471.4 MB
U.S. commercial crude oil inventories increased by 16.3 million barrels to 471.4 million barrels.
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2023, February, 15, 14:00:00
OIL PRICE: BRENT BELOW $85, WTI ABOVE $78
Brent slid $1.13, or 1.3%, to $84.45 a barrel, WTI dropped $1.31, or 1.7% to $77.75.
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2023, February, 15, 13:55:00
GLOBAL OIL DEMAND WILL GROW
Nonetheless, the IEA said global oil markets will likely remain in surplus in the first half of the year amid surprisingly robust output from Russia.
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2023, February, 13, 13:50:00
OIL PRICE: BRENT BELOW $86, WTI BELOW $79
Brent fell 86 cents, or 1%, to $85.53 a barrel, WTI was at $78.83 a barrel, down 89 cents, or 1.1%.
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2023, February, 10, 12:50:00
OIL PRICE: BRENT NEAR $87, WTI ABOVE $80
Brent rose $2.17, or 2.57%, to $86.67 a barrel, WTI were up $2.01, or 2.57%, at $80.07.
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2023, February, 10, 12:45:00
RUSSIAN OIL CUTTING 0.5 MBD
Moscow’s move deepens the 2 million barrel-a-day production cut announced late last year by OPEC+, which Russia leads along with Saudi Arabia.
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2023, February, 10, 12:05:00
U.S. OIL INVENTORIES UP BY 2.4 MB TO 455.1 MB
U.S. commercial crude oil inventories increased by 2.4 million barrels to 455.1 million barrels.
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2023, February, 8, 13:05:00
OIL PRICE: BRENT NEAR $85, WTI ABOVE $78
Brent rose 99 cents, or 1.2%, to $84.68 a barrel, WTI climbed 93 cents, or 1.2%, to $78.07.
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2023, February, 8, 12:45:00
OIL PRICES 2023-24: $82 - $78
spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024.
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2023, February, 6, 13:15:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $73
Brent rose 32 cents, or 0.4%, to $80.26 a barrel, WTI climbed 22 cents, or 0.3% higher, to $73.61.
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2023, February, 6, 13:10:00
OPEC+ IS CAREFUL
OPEC+ is a 23-country bloc of oil producing countries co-chaired by Saudi Arabia and Russia. It agreed in October to slash quotas by 2 million b/d from November until the end of 2023.
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2023, February, 6, 13:05:00
RUSSIA'S GAS PRODUCTION DOWN
Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat.
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2023, February, 6, 12:30:00
WORLDWIDE RIG COUNT UP 65 TO 1,899
The Worldwide Rig Count for January was 1,899, up 65 from the 1,834 counted in December 2022,and up 267, from the 1,632 counted in January 2022.