Prices
2018, November, 14, 12:25:00
OIL PRICE: NEAR $65
REUTERS - U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. International benchmark Brent crude oil futures LCOc1 were down 9 cents at $65.38 per barrel.
2018, November, 14, 12:15:00
OIL MARKET UNCERTAINTY
CNBC - Saudi Arabia, OPEC's biggest producer and the world's top crude exporter, intends to cut shipments by 500,000 barrels a day in December, Khalid al Falih, the country's energy minister said on Sunday. Russian Energy Minister Alexander Novak said on Sunday he wasn't convinced the oil market would be oversupplied in 2019. Russia is the world's second biggest oil producer after the United States and, along with Saudi Arabia, plays an influential role in the oil alliance.
2018, November, 12, 12:30:00
OIL PRICE: NEAR $71
REUTERS - Front-month Brent crude futures LCOc1, a benchmark for global oil prices, were at $71.59 per barrel at 0749 GMT, up 2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures rose 1.6 percent to $61.15 per barrel.
2018, November, 12, 12:25:00
CONFORMITY LEVEL 104%
OPEC - In advance of the scheduled meetings in December 2018, the JMMC directed the JTC to continue closely monitoring oil market conditions and further refine the scenario analysis based on updated data, with regard to options on new 2019 production adjustments, which may require new strategies to balance the market.
2018, November, 12, 12:20:00
РОССИЙСКО-САУДОВСКИЕ ПЕРСПЕКТИВЫ
МИНЭНЕРГО РОССИИ - «Российско-саудовские отношения обладают солидными перспективами в сфере энергетики. Нами рассматриваются ряд масштабных совместных проектов, которые выведут российско-саудовское сотрудничество на принципиально новый уровень», - отметил российской министр.
2018, November, 12, 12:15:00
SAUDIS CUTS OIL
PLATTS - Saudi Arabia expects to cut its oil exports next month but emerging signs of a crude glut in the US are not an indication that the global oil market is currently oversupplied, the kingdom's energy minister Khalid al-Falih said Sunday, attributing a two-week slide in oil prices to trader overreaction.
2018, November, 12, 12:10:00
OIL PRICES WILL UP
CNBC - "In the 2020's we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production," Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday.
2018, November, 9, 15:45:00
OIL PRICE: NEAR $69
REUTERS - Brent dropped $1.52 to a low of $69.13 before recovering to around $69.60 by 1135 GMT, down 4.5 percent for the week and approaching 16 percent this quarter. U.S. light crude CLc1 fell to an eight-month low below $60 a barrel, hitting a trough of $59.28, down $1.39 and off more than 20 percent since early October. That puts the U.S. contract officially in “bear market” territory, borrowing a definition commonly used in stock markets.
2018, November, 9, 15:35:00
SAUDIS OIL RECORD: 10.67 MBD
PLATTS - Saudi Arabia pumped 10.67 million b/d in the month, its most in the 30-year history of the Platts OPEC survey, while key ally the UAE also set an all-time high at 3.17 million b/d. Libya produced its most since June 2013 at 1.10 million b/d.
2018, November, 9, 15:25:00
IRAN SANCTIONS ANEW
PLATTS - US sanctions are expected to bring Iranian crude exports down to 1.1 million b/d in November, and 850,000 b/d in the fourth quarter of 2019, down from an average of 2.686 million b/d in April and May,
2018, November, 9, 15:20:00
GLOBAL OIL INVENTORIES WILL UP
U.S. EIA - Global inventories are projected to increase and put downward pressure on crude oil prices.
2018, November, 7, 11:50:00
OIL PRICE: NEAR $72 YET
REUTERS - Front-month Brent crude oil futures LCOc1 were at $71.83 per barrel at 0750 GMT, down 30 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $61.84, down 37 cents, or 0.6 percent.
2018, November, 7, 11:30:00
IRANIAN OIL SELLING
SHANA - “The Americans have constantly said they would bring Iran’s oil sales to zero, but l have to say that we have been able to sell oil as much as we need up until today,” Jahangiri noted in remarks on Tuesday.
2018, November, 7, 11:25:00
IRAN SANCTIONS EXEMPTION
REUTERS - The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action. Treasury Secretary Steven Mnuchin said Washington aimed to bring Iranian oil exports to zero, but 180-day exemptions were granted to eight importers: China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey.
2018, November, 7, 11:20:00
TURKEY: NO IRAN SANCTIONS
REUTERS - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.
