Prices
2020, April, 20, 14:20:00
AUSTRALIA'S INDEX DOWN
Australia's S&P/ASX 200 index fell 2.5% or 134.50 points to 5,353.00 at the close of trade.
2020, April, 17, 14:55:00
OIL PRICE: ABOVE $28 YET
Brent rose by 50 cents, or 1.8%, to $28.32 a barrel, WTI tumbled by $1.27, or 6.4%, to $18.60
2020, April, 17, 14:50:00
OPEC+: NECESSARY MEASURES
Saudi Arabia and Russia are strongly committed to implement the agreed target cuts over the next two years
2020, April, 17, 14:47:00
U.S. PETROLEUM DEMAND DOWN TO 19.4 MBD
U.S. petroleum demand declined to 19.4 million barrels per day (mb/d) in March, which was a 4.6% decrease from February
2020, April, 17, 14:45:00
ARAMCO WILL REDUCE DELIVERIES
Saudi Aramco will cut oil supplies in May by almost 4 million b/d,
2020, April, 16, 14:20:00
OIL PRICE: ABOVE $28 ANEW
Brent was down 19 cents, or 0.7%, at $27.50 a barrel, WTI was up 7 cents, or 0.4%, at $19.94.
2020, April, 15, 14:05:00
OIL PRICE: ABOVE $28
Brent fell $1.19, or 4%, to $28.41 a barrel, WTI slid 45 cents, or 2.2%, to $19.66.
2020, April, 15, 14:00:00
OPEC+ STABILIZE OIL MARKET
The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.
2020, April, 14, 15:05:00
OIL PRICE: ABOVE $31 AGAIN
Brent fell 8 cents, or 0.3%, to $31.66 a barrel, WTI was down 36 cents, or 1.6%, at $22.05
2020, April, 14, 14:55:00
ARAMCO'S OIL PRICES DOWN
This is Saudi Arabia's second consecutive monthly price cut after it slashed crude prices by $5-$8/b for April loading crude last month.
2020, April, 13, 11:55:00
OIL PRICE: NEAR $31 ANEW
Brent rose 16 cents, or 0.5%, to $31.64 a barrel, WTI were up 37 cents, or 1.6%, to $23.13 a barrel
2020, April, 13, 11:50:00
OPEC+ OIL CUTTING 12.5 MBD
effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day
2020, April, 13, 11:35:00
OPEC+ REDUCES OIL PRODUCTION BY 10 MBD
OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a pact to curb crude production by 10 million barrels per day (bpd) or 10% of global supplies in marathon talks on Thursday.
2020, April, 13, 11:30:00
OPEC+ U.S.: NO AGREEMENT
We will use the SPR to store as much oil as possible," US Energy Secretary Dan Brouillette said at a G20 energy summit. "This will take surplus oil off the market at a time when commercial storage is filling up and the market is oversupplied."
