Oil
![Oil](/cache/12-20/price-922.d3ab63cd.jpg)
2020, December, 10, 12:15:00
OIL PRICE: NEAR $49 YET
Brent climbed 12 cents, or 0.3%, to $48.98 a barrel. WTIrose 14 cents, or 0.3%, to $45.66 a barrel .
![Oil](/cache/12-20/usa-343.53c5b628.jpg)
2020, December, 10, 12:10:00
U.S. OIL INVENTORIES UP 15.2 MB TO 503.2 MB
U.S. commercial crude oil inventories increased by 15.2 million barrels to 503.2 million barrels
![Oil](/cache/12-20/libya-44.30098467.jpg)
2020, December, 10, 11:55:00
LIBYA'S OIL EXPORTS UP
Libya's oil production has undergone a rapid rebound of almost 1 million b/d in the past two months
![Oil](/cache/12-20/price-920.6fd59cb7.jpg)
2020, December, 9, 11:50:00
OIL PRICE: NEAR $49
Brent rose 11 cents, or 0.2%, to $48.95 a barrel. WTI climbed 9 cents, or 0.2%, to $45.69.
![Oil](/cache/12-20/price-914.b989ff07.jpg)
2020, December, 9, 11:45:00
OIL PRICES 2021: $47 - $50
Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Brent prices will average $47/b in the first quarter of 2021 and rise to an average of $50/b by the fourth quarter.
![Oil](/cache/12-20/price-917.2d389b0f.jpg)
2020, December, 9, 11:35:00
OPEC+ PRODUCTION CUTS 100.2%
OPEC+ compliance with its production cuts stayed stable at 100.2%.
![Oil](/cache/12-20/price-913.b998ec03.jpg)
2020, December, 8, 13:10:00
OIL PRICE: BELOW $49 YET
Brent fell 51 cents, or 1.1%, to $48.28 a barrel. WTI fell 45 cents or 1%, to $45.31 a barrel.
![Oil](/cache/12-20/oil-60.be871e4d.jpg)
2020, December, 8, 13:05:00
OPEC+ OIL PRODUCTION CUTS 7.2 MBD
In April 2020, the OPEC+ decided to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period, in an attempt to reduce the global oversupply and to firm up depressed oil prices in a context of COVID-19 pandemic.
![Oil](/cache/12-20/price-911.74555a8d.jpg)
2020, December, 7, 13:30:00
OIL PRICE: NOT ABOVE $49 AGAIN
Brent fell 76 cents, or 1.5%, to $48.49 a barrel. WTI was down 82 cents, or 1.8%, at $45.44.
![Oil](/cache/12-20/russia-462.1c8e0b1f.jpg)
2020, December, 7, 13:20:00
RUSSIA OIL PRODUCTION WILL UP
"Russia's increase starting January is around 125,000 b/d, we discussed it with oil companies," Novak said during the OPEC+ press conference.
![Oil](/cache/12-20/rig-202.a828824b.jpg)
2020, December, 7, 12:25:00
WORLDWIDE RIG COUNT UP 58 TO 1,074
The Worldwide Rig Count for November was 1,074, up 58 from the 1,016 counted in October 2020
![Oil](/cache/11-20/rig-201.0ce1c867.jpg)
2020, December, 7, 12:20:00
U.S. RIGS UP 3 TO 323
U.S. Rig Count is up 3 from last week to 323 , Canada Rig Count is unchanged from last week at 102
![Oil](/cache/12-20/price-909.e3bbb2b7.jpg)
2020, December, 4, 12:40:00
OIL PRICE: ABOVE $49
Brent was up $1.04, or 2.1%, at $49.75 a barrel . WTI rose 84 cents, or 1.8% to stand at $46.48 a barrel.
![Oil](/cache/12-20/price-907.49537b49.jpg)
2020, December, 4, 12:35:00
OPEC+RUSSIA EXTENSION
Beginning in January 2021, DoC participating countries decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d.
![Oil](/cache/12-20/chevron-45.dbf5a999.jpg)
2020, December, 4, 12:05:00
CHEVRON INVESTMENT $14 BLN
Chevron Corporation announced a 2021 organic capital and exploratory spending program of $14 billion