Oil
![Oil](/cache/03-20/PRICE-223.434bd716.jpg)
2020, March, 18, 12:25:00
GLOBAL STOCKS DOWN
Euro Stoxx 50 futures fell 4.5%, boding ill for European stock markets.
![Oil](/cache/03-20/PRICE-215.5456c3c4.jpg)
2020, March, 18, 12:10:00
SAUDI ARABIA'S OIL 12 MBD
"Saudi Aramco can sustain low oil prices for a long time," Aramco CEO Amin Nasser said on an earnings call. "We are very comfortable with a $30/b price [and] can meet our dividend and shareholder expectations at $30/b and even lower."
![Oil](/cache/03-20/PRICE-217.ba83783c.jpg)
2020, March, 18, 12:05:00
IRAQ CALLS OPEC+
Saudi Arabia and Russia have signaled plans to boost production, causing oil prices to nosedive.
![Oil](/cache/03-20/PRICE-219.1d3cefbf.jpg)
2020, March, 18, 12:00:00
OMAN'S OIL UP TO 1 MBD
Oman pumped 970,500 b/d of crude and condensate in December 2019, according to its ministry of oil and gas, but will be boosting volumes to its full capacity of 1 million b/d over the next few months,
![Oil](/cache/03-20/PRICE-213.805f4c58.jpg)
2020, March, 17, 13:30:00
OIL PRICE: NEAR $30
Brent crude was 0.5% lower at $29.91 a barrel , WTI crude reversed most of its earlier 4.7% gains to stand at $29.04 a barrel.
![Oil](/cache/03-20/usa-106.32817891.jpg)
2020, March, 17, 13:20:00
U.S. PRODUCTION: OIL +18 TBD, GAS (-188) MCFD
Crude oil production from the major US onshore regions is forecast to increase 18,000 b/d month-over-month in March from 9,057 to 9,075 thousand barrels/day, gas production to decrease 188 million cubic feet/day from 85,167 to 84,979 million cubic feet/day .
![Oil](/cache/03-20/EXXON-62.3c356d99.jpg)
2020, March, 17, 13:15:00
EXXON REDUCE SPENDING
ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases,
![Oil](/cache/03-20/PRICE-211.7be82bdf.jpg)
2020, March, 16, 10:50:00
OIL PRICE: ABOVE $31
Brent crude fell $1.13 to $32.72 a barrel , WTI crude was at $31.01, down 72 cents after slipping below $30 earlier in the session
![Oil](/cache/03-20/PRICE-207.4e5d7d03.jpg)
2020, March, 16, 10:45:00
OPEC - RUSSIA: NO DEAL
In April, Russia may fully return to production levels reached before the OPEC+ deal in October 2018, Novak said.
![Oil](/cache/03-20/PRICE-205.d96185c7.jpg)
2020, March, 16, 10:35:00
U.S. STRATEGIC PETROLEUM RESERVE
Replenishing the Strategic Petroleum Reserve would enable the government to take as much as 77 million barrels off the world market.
![Oil](/cache/03-20/UAE-60.b153f532.jpg)
2020, March, 16, 10:25:00
UAE, SAUDI ARABIA INCENTIVES $40 BLN
The UAE's central bank announced a package of $27.3 billion, Saudi Arabia's central bank announced the same day a $13.3 billion package
![Oil](/cache/03-20/SAUDI-160.2b1b123d.jpg)
![Oil](/cache/03-20/RIG-160.77f9be09.jpg)
2020, March, 16, 10:00:00
U.S. RIGS DOWN 1 TO 792
U.S. Rig Count is down 1 rig from last week to 792, Canada Rig Count is down 28 rigs from last week to 175
![Oil](/cache/03-20/PRICE-203.090359fb.jpg)
2020, March, 13, 12:40:00
OIL PRICE: ABOVE $34
Brent was up $1.12, or 3.4%, at $34.33 a barrel , WTI rose $1.17 cents, or 3.7%, to $32.66 per barrel
![Oil](/cache/03-20/PRICE-201.58ddb3d6.jpg)
2020, March, 13, 12:35:00
OIL PRICES: NO EXIT
Saudi Arabia and Russia launched a war for market share, flooding global markets with crude. Oil traded in New York was trading at $30.76 a barrel in aftermarket hours on Thursday, down more than 2%.