Oil
2020, May, 15, 11:55:00
OIL PRICE: NEAR $32
Brent was up $1.21 cents, or 3.9% at $32.34 a barrel, WTI was up 92 cents, or 3.3%, at $28.48 a barrel after reaching $28.54
2020, May, 15, 11:50:00
U.S. OIL DEMAND DOWN TO 14.2 MBD
Reduced economic activity resulting from shelter-in-place restrictions due to COVID-19 drove significant near-term disruptions to energy markets in the month of April with U.S. petroleum demand falling nearly 27 percent to 14.2 million barrels per day (mb/d),
2020, May, 14, 16:30:00
OIL PRICE: NEAR $30 YET
Brent were up $1.17, or 4%, at $30.36 per barrel, WTI were $1.1, or 4.4%, higher at $26.39 per barrel.
2020, May, 14, 16:20:00
GLOBAL OIL DEMAND WILL DOWN BY 9 MBD
For 2019, world oil demand growth is kept broadly unchanged compared to last month’s assessment, estimated to have grown by 0.83 mb/d, y-o-y, to average 98.72 mb/d. In 2020, world oil demand growth is adjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d.
2020, May, 14, 16:10:00
U.S. OIL DEMAND UPDOWN
EIA expects U.S. total liquid fuels consumption will rise from an average of 15.9 million b/d in the second quarter of 2020 to 18.7 million b/d in the third quarter of 2020 and then to average 19.8 million b/d in 2021, up 8% from 2020, but lower than 2019 levels.
2020, May, 13, 12:55:00
OIL PRICE: NOT ABOVE $30
Brent dropped 56 cents, or 1.9%, to $29.42 a barrel, WTI fell 23 cents, or 0.9%, to $25.55
2020, May, 13, 12:45:00
OIL PRICES 2020-21: $34-$48
Brent crude oil prices will average $34/b in 2020, Brent prices will rise to an average of $48/b in 2021
2020, May, 12, 14:50:00
OIL PRICE: ABOVE $30
Brent advanced 85 cents, or 2.9%, to $30.48, WTI were up $1.29, or 5.3%, at $25.43.
2020, May, 12, 14:45:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION DOWN
OPEC+ producers agreed to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period,
2020, May, 12, 14:40:00
U.S. TIGHT OIL PRODUCTION WILL DOWN TO 6 MBD
If nothing else changes (unlikely), tight oil production will decline to a level of about 6 million bo/d
2020, May, 12, 14:05:00
CANADA'S OIL INDUSRTY DOWN
The high-cost Canadian oil industry is being hammered by the dual effects of Covid-19 and the fallout from unconstrained supply.
2020, May, 12, 14:00:00
SAUDI ARAMCO NET INCOME $16.7 BLN
In 2019, Saudi Aramco produced 13.2 mmboed, including 9.9 mmbpd of crude oil (including blended condensate and excluding the Kingdom of Bahrain’s share of volumes produced from Abu Sa’fah field).
2020, May, 12, 13:55:00
U.S. RIGS DOWN 34 TO 374
U.S. Rig Count is down 34 rigs from last week to 374, Canada Rig Count is down 1 rig from last week to 26
2020, May, 8, 12:00:00
OIL PRICE: NEAR $30
Brent was up by 87 cents, or 3%, at $30.33 a barrel, WTI gained $1.12, or 4.8%, to $24.67 a barrel
2020, May, 7, 11:40:00
OIL PRICE: ABOVE $29
Brent was down by 24 cents, or 0.8%, to $29.48 a barrel, WTI was down by 24 cents, or 0.8%, to $29.48 a barrel