Oil
![Oil](/cache/03-20/PRICE-156.71ba46f9.jpg)
2020, March, 4, 10:00:00
OPEC'S PROPOSAL: $60
“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.
![Oil](/cache/03-20/USA-91.50ac4ebc.jpg)
2020, March, 4, 09:55:00
U.S. OIL PRODUCTION 12.23 MBD
Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.
![Oil](/cache/03-20/IRAQ-72.c84809bf.jpg)
2020, March, 4, 09:50:00
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
Iraq's total exports, which include those of Kurdistan, reached 3.873 million b/d in February, up from 3.667 million b/d in January,
![Oil](/cache/03-20/Venezuela-84.8da48b56.jpg)
2020, March, 4, 09:45:00
VENEZUELA'S OIL EXPORTS UP 9%
Venezuela's oil exports increased to 1.046 million barrels per day (bpd) last month from 960,000 bpd in January,
![Oil](/cache/03-20/PRICE-154.8531090e.jpg)
2020, March, 2, 13:05:00
OIL PRICE: NEAR $51 ANEW
Brent was at $51.91 a barrel, up $2.24 or 4.5%, WTI hit a 14-month low of $43.32, before recovering to $46.65, up $1.89, or 4.2%.
![Oil](/cache/03-20/PRICE-150.a6bf049a.jpg)
2020, March, 2, 13:00:00
BRENT PRICE LEVEL: $ 42.4
"I want to emphasize, for the Russian budget, for our economy, current oil prices are acceptable. Let me remind you that this year, as part of our macroeconomic policy, we took a Brent crude price of $42.40/b as the base level," Putin said during a meeting on the impact of the coronavirus on the global economy and the oil market with government ministers and representative of oil and gas companies.
![Oil](/cache/03-20/PRICE-152.796fbaab.jpg)
2020, March, 2, 12:55:00
OPEC+ OIL CUTS
Despite heavy lobbying by Saudi Arabia, the 23-country coalition of OPEC and non-OPEC producers has yet to agree on any plans to rein in crude oil production further.
![Oil](/cache/03-20/oil-11.47befeb3.jpg)
2020, March, 2, 12:50:00
RUSSIA'S OIL PRODUCTION 11.29 MBD
Russian oil output stood at 11.29 million barrels per day (bpd) in February,
![Oil](/cache/03-20/ROSNEFT-154.19d489b7.jpg)
2020, March, 2, 12:30:00
ROSNEFT'S NET INCOME $11 BLN
Net income attributable to Rosneft shareholders $10.9 bln
![Oil](/cache/02-20/ROSNEFT-153.4d929f3b.jpg)
2020, March, 2, 12:25:00
ROSNEFT'S PRODUCTION 5.79 MBD
2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.79 MMBOE, WHILE AVERAGE DAILY LIQUIDS PRODUCTION WAS AT 4.67 MMBBL, THE INDICATORS REMAINED AT 2018 LEVEL
![Oil](/cache/03-20/RIG-157.a1b82e6d.jpg)
2020, March, 2, 12:05:00
U.S. RIGS DOWN 1 TO 790
U.S. Rig Count is down 1 rig from last week to 790, Canada Rig Count is down 4 rigs from last week to 240
![Oil](/cache/02-20/PRICE-148.5a03eca4.jpg)
2020, February, 28, 15:45:00
OIL PRICE: NEAR $51
Brent was down $1.74, or 3.3%, at $49.99 a barrel, WTI fell $1.89, or about 4%, to $45.20.
![Oil](/cache/02-20/PRICE-146.e3e4e551.jpg)
2020, February, 26, 10:35:00
OIL PRICE: NEAR $55
Brent rose 33 cents, or 0.6%, to $55.28 a barrel, WTI gained 41 cents, or 0.8%, to $50.31 a barrel.
![Oil](/cache/02-20/ENERGY-118.de8f49e7.jpg)
2020, February, 26, 10:30:00
GLOBAL ENERGY DEMAND +20%: 2040
Global energy demand rises by 20 percent; market demand trends differ for OECD and non-OECD
![Oil](/cache/02-20/SANCTIONS-66.89eb91d3.jpg)
2020, February, 26, 10:20:00
U.S. RUSSIA, VENEZUELA SANCTIONS FAILURE
TNK Trading International SA is scheduled to load 14.3 million barrels of Venezuelan crude in the first two months of 2020, compared with 5 million in all of 2019, according to shipping reports compiled by Bloomberg. That may offset any lost oil revenue for the Maduro administration, underscoring the difficulty of shutting Venezuela’s access to the global market.