Prices
![Prices](/cache/01-19/PRICE-048.cf365cdd.jpg)
2019, January, 28, 10:35:00
OIL PRICE: NEAR $61
REUTERS - U.S. crude oil futures were at $53.13 per barrel at 0543 GMT, down 56 cents, or 1 percent, from their last settlement. International Brent crude oil futures were at $61.03 a barrel, down 61 cents, or 1 percent.
![Prices](/cache/01-19/PRICE-042.06b957fd.jpg)
2019, January, 28, 10:25:00
OIL UNDER SIEGE
REUTERS - “There is no doubt - and there is a consensus coming here in various meetings in Davos - that our industry is literally under siege and the future of oil is at stake,” said Mohammed Barkindo, secretary-general of oil producer group OPEC.
![Prices](/cache/01-19/PRICE-045.464519cf.jpg)
2019, January, 28, 10:20:00
CHINA FOR VENEZUELA: $50 BLN
REUTERS - China has lent over $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.
![Prices](/cache/01-19/PRICE-039.8f709d54.jpg)
2019, January, 25, 09:20:00
OIL PRICE: NOT ABOVE $62 AGAIN
REUTERS - International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close. U.S. West Texas Intermediate (WTI) crude futures were at $53.90 per barrel, up 77 cents, or 1.5 percent.
![Prices](/cache/01-19/PRICE-036.ca2b6d64.jpg)
2019, January, 23, 11:45:00
OIL PRICE: NOT ABOVE $62
REUTERS - International Brent crude oil futures were at $61.85 per barrel at 0624 GMT, up 35 cents, or 0.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $53.26 per barrel, up 25 cents, or 0.5 percent.
![Prices](/cache/01-19/PRICE-033.fe6ccb7a.jpg)
2019, January, 21, 11:55:00
OIL PRICE: NEAR $63
REUTERS - International Brent crude oil futures LCOc1 were at $62.75 per barrel at 0747 GMT, up 5 cents, or 0.1 percent, from their last close. Brent earlier rose above $63 for the first time in 2019. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $53.87 a barrel, up 7 cents, or 0.1 percent. WTI earlier advanced above $54 a barrel for the first time this year.
![Prices](/cache/01-19/PRICE-030.809c54f3.jpg)
2019, January, 21, 11:50:00
OPEC CONFORMITY LEVEL 98%
OPEC - The JMMC calls on all participating countries of the ‘Declaration of Cooperation’ to redouble their efforts in the full and timely implementation of the supply adjustments to ensure that the oil market remains in balance in 2019.
![Prices](/cache/01-19/PRICE-024.f2a37541.jpg)
2019, January, 18, 10:55:00
OIL PRICE: NEAR $62 AGAIN
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.62 per barrel at 0339 GMT, up 55 cents, or 1.1 percent, from their last settlement. International Brent crude oil futures LCOc1 were up 54 cents, or 0.9 percent, at $61.72 per barrel.
![Prices](/cache/01-19/PRICE-027.3ee6f49e.jpg)
2019, January, 18, 10:45:00
OPEC PRODUCTION DOWN 751 TBD
REUTERS - The Organization of the Petroleum Exporting Countries said in a monthly report that its oil output fell by 751,000 barrels per day (bpd) in December to 31.58 million bpd, the biggest month-on-month drop in almost two years.
![Prices](/cache/01-19/RUSSIA-325.610f052b.jpg)
2019, January, 18, 10:40:00
RUSSIA WILL CUT FASTER
BLOOMBERG - “Of course, we will try to make the cuts faster,” Energy Minister Alexander Novak told reporters in Belgrade, Serbia. “We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on.”
![Prices](/cache/01-19/PRICE-018.af0da801.jpg)
2019, January, 16, 11:40:00
OIL PRICE: ABOVE $60
REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.
![Prices](/cache/01-19/PRICE-009.2d1e9df4.jpg)
2019, January, 16, 11:20:00
OIL MARKET BALANCE
REUTERS - “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” said Falih, addressing an oil conference in Abu Dhabi.
![Prices](/cache/01-19/PRICE-003.38d7f69d.jpg)
2019, January, 16, 11:15:00
OIL PRICE LEVEL: $70
AN - Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.
![Prices](/cache/01-19/PRICE-015.dd8c16f6.jpg)
2019, January, 16, 11:10:00
OIL PRICES 2019-20: $61-65
U.S. EIA - EIA forecasts Brent prices will average $61 per barrel (b) in 2019 and $65/b in 2020. In 2018, Brent prices averaged $71/b.
![Prices](/cache/01-19/PRICE-006.f1d9fe6e.jpg)
2019, January, 16, 11:05:00
OPEC WILL DOWN 800 TBD
SHANA - the OPEC Conference that unanimously decided on December 7 to adjust OPEC overall production by 0.8 mb/d from October 2018 levels, effective as of January 2019, for an initial period of six months.