Prices
![Prices](/cache/03-20/PRICE-168.4b29dd36.jpg)
2020, March, 9, 15:00:00
OIL PRICE: ABOVE $35
Brent were down 22% at $37.05 a barrel, WTI fell by more than 24%, to $33.20 a barrel,
![Prices](/cache/03-20/PRICE-166.a46f9e43.jpg)
2020, March, 9, 14:55:00
SAUDI'S OIL PRICES DOWN
A Saudi industry source said the world's biggest oil exporter is merely responding to Novak's comments that as of April 1, countries are no longer bound by their quotas. The current OPEC+ agreement to cut 1.7 million b/d winds up at the end of March.
![Prices](/cache/03-20/PRICE-164.381dfe48.jpg)
2020, March, 9, 14:50:00
OPEC RECOMMEND 1.5 MBD
OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.
![Prices](/cache/03-20/PRICE-162.2166fe75.jpg)
2020, March, 6, 12:45:00
OIL PRICE: NEAR $49
Brent crude fell 49 cents, or 0.98%, to $49.50 per barrel, WTI was down 46 cents, or 1%, at $45.44 per barrel.
![Prices](/cache/03-20/OPEC-140.815ed5fe.jpg)
2020, March, 6, 12:40:00
OPEC NEEDS REDUCTION 1.5 MBD
With oil prices tumbling, OPEC now wants to deepen its production cuts with non-OPEC allies by 1.5 million b/d for the full year 2020, instead of just the second quarter, sources said Thursday.
![Prices](/cache/03-20/PRICE-158.6ede943d.jpg)
2020, March, 4, 10:05:00
OIL PRICE: NOT ABOVE $53
Brent rose by 78 cents, or 1.50%, to $52.64 a barrel, WTI rose by 72 cents, or 1.53%, to $47.90 a barrel,
![Prices](/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.
![Prices](/cache/03-20/TURKEY-3.4237d1d0.jpg)
2020, March, 4, 09:30:00
RUSSIA, BULGARIA GAS PRICE DOWN 40%
Bulgaria imports 2.9 billion cubic meters of gas from Russia per year under a long-term contract valid through 2022.
![Prices](/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%.
![Prices](/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.
![Prices](/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.
![Prices](/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,
![Prices](/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.
![Prices](/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.
![Prices](/cache/02-20/coronavirus-2.a5679fd2.jpg)
2020, February, 26, 09:55:00
CORONAVIRUS BRIEFLY: ARAMCO
The global impact of coronavirus will only be “short term”, according to the CEO of Saudi Aramco.