Prices
2020, December, 11, 11:10:00
OIL & GAS NEED INVESTMENT
"Without sufficient investment, a reduced supply of oil and gas could lead to greater market volatility and higher prices, slowing the global economic recovery and jeopardizing energy security and international goals," said the IEF,
2020, December, 11, 11:05:00
THIN OIL MARKET
At the Open of todays European Session, the BRENT was trading at 49.00 price average shrugging off the build and shifting more focus towards the demand and recovery.
2020, December, 11, 11:00:00
JAPAN STOCKS DOWN
MSCI’s ex-Japan Asia-Pacific index firmed 0.3%, on track for its sixth straight week of gains, while Japan’s Nikkei eased 0.4%.
2020, December, 10, 12:15:00
OIL PRICE: NEAR $49 YET
Brent climbed 12 cents, or 0.3%, to $48.98 a barrel. WTIrose 14 cents, or 0.3%, to $45.66 a barrel .
2020, December, 10, 12:10:00
U.S. OIL INVENTORIES UP 15.2 MB TO 503.2 MB
U.S. commercial crude oil inventories increased by 15.2 million barrels to 503.2 million barrels
2020, December, 10, 11:40:00
NUCLEAR ELECTRICITY COSTS WILL DOWN
The cost of electricity from new nuclear power plants remains stable, yet electricity from the long-term operation of existing plants constitutes the least cost option for low-carbon generation.
2020, December, 9, 11:50:00
OIL PRICE: NEAR $49
Brent rose 11 cents, or 0.2%, to $48.95 a barrel. WTI climbed 9 cents, or 0.2%, to $45.69.
2020, December, 9, 11:45:00
OIL PRICES 2021: $47 - $50
Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Brent prices will average $47/b in the first quarter of 2021 and rise to an average of $50/b by the fourth quarter.
2020, December, 9, 11:35:00
OPEC+ PRODUCTION CUTS 100.2%
OPEC+ compliance with its production cuts stayed stable at 100.2%.
2020, December, 8, 13:10:00
OIL PRICE: BELOW $49 YET
Brent fell 51 cents, or 1.1%, to $48.28 a barrel. WTI fell 45 cents or 1%, to $45.31 a barrel.
2020, December, 8, 13:05:00
OPEC+ OIL PRODUCTION CUTS 7.2 MBD
In April 2020, the OPEC+ decided to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period, in an attempt to reduce the global oversupply and to firm up depressed oil prices in a context of COVID-19 pandemic.
2020, December, 7, 13:30:00
OIL PRICE: NOT ABOVE $49 AGAIN
Brent fell 76 cents, or 1.5%, to $48.49 a barrel. WTI was down 82 cents, or 1.8%, at $45.44.
2020, December, 7, 13:20:00
RUSSIA OIL PRODUCTION WILL UP
"Russia's increase starting January is around 125,000 b/d, we discussed it with oil companies," Novak said during the OPEC+ press conference.
2020, December, 7, 12:20:00
U.S. RIGS UP 3 TO 323
U.S. Rig Count is up 3 from last week to 323 , Canada Rig Count is unchanged from last week at 102