Prices
2020, March, 13, 12:20:00
RUSSIA FOR U.S. SHALE: $570 BLN
Moscow’s decision to withdraw last week from a pact with Saudi Arabia to limit crude production, sparking an oil war that sent prices crashing 30 per cent on Monday, upending global markets.
2020, March, 12, 13:10:00
OIL PRICE: NEAR $34
Brent was trading down $1.65, or 4.6%, at $34.14 , WTI was down $1.38, or 4.2%, at $31.60
2020, March, 12, 13:05:00
OIL PRICES 2020-21: $43-$55
EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year. EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices.
2020, March, 12, 13:00:00
GLOBAL OIL DEMAND 2020: 99.73 MBD
Total global oil demand is now assumed at 99.73 mb/d in 2020, with 2H20 forecast to see higher consumption than 1H20. Considering the latest developments, downward risks currently outweigh any positive indicators and suggest further likely downward revisions in oil demand growth, should the current status persist.
2020, March, 12, 12:55:00
SAUDI ARABIA, RUSSIA TALKS
Russia has long been seeking to capitalize on its OPEC ties with investment deals, which have been slow to materialize despite official state visits by Saudi King Salman to Moscow in 2017 and Russian President Vladimir Putin to Riyadh in October.
2020, March, 12, 12:50:00
THE NEW OPEC+ AGREEMENT
Al Mazrouei said, via a series of tweets, "OPEC and OPEC+ played an important role in delivering market stability. The UAE Ministry of Energy and Industry firmly believes that a new agreement is essential to support a balanced and less volatile market."
2020, March, 12, 12:45:00
ARAMCO WILL INCREASE TO 13 MBD
Saudi Aramco received a directive from the Ministry of Energy to increase its maximum sustainable capacity (MSC) from 12 million barrels per day (MMBD) to 13 MMBD.
2020, March, 12, 12:40:00
ADNOC CAN SUPPLY 4 MBD
UAE Minister of State and ADNOC Group CEO, Dr. Sultan Ahmed Al Jaber has commented on recent market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April 2020.
2020, March, 11, 12:30:00
OIL PRICE: NEAR $37 ANEW
Brent slid $0.41, or 1.1%, to $36.81 a barrel, WTI dropped $0.42, or 1.2%, to $33.94 a barrel.
2020, March, 11, 12:25:00
СДЕЛКА ОПЕК + РОССИЯ
В 2019 году была подписана Хартия долгосрочного сотрудничества между государствами ОПЕК и не-ОПЕК.
2020, March, 11, 12:20:00
SAUDI ARABIA, RUSSIA'S OIL UP
The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday, triggering panic selling on Wall Street and other equity markets that have already been badly hit by the impact of the coronavirus outbreak.
2020, March, 11, 12:15:00
U.S. OIL DOWN
U.S. shale companies need prices at least in the low $40s to cover costs,
2020, March, 11, 12:10:00
ARAMCO WILL PROVIDE 12.3 MBD
Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day (MMBD) of crude oil in April
2020, March, 10, 13:50:00
OIL PRICE: NEAR $37
Brent were up $1.44, or around 4%, to $35.80 a barrel, after hitting a session high of $37.38 a barrel. WTI gained $1.52, or around 5%, to $32.65 a barrel, after hitting a high of $33.73.
2020, March, 10, 13:45:00
НЕФТЬ РОССИИ КОНКУРЕНТОСПОСОБНА
«Российская нефтяная отрасль обладает качественной ресурсной базой и достаточным запасом финансовой прочности, чтобы оставаться конкурентоспособной при любом прогнозируемом уровне цен, а также сохранять свою долю на рынке. При этом Правительство будет уделять особое внимание стабильному снабжению отечественного рынка нефтепродуктами и сохранению инвестиционного потенциала в секторе», – сообщил Министр энергетики.