Prices
2020, May, 12, 14:50:00
OIL PRICE: ABOVE $30
Brent advanced 85 cents, or 2.9%, to $30.48, WTI were up $1.29, or 5.3%, at $25.43.
2020, May, 12, 14:45:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION DOWN
OPEC+ producers agreed to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period,
2020, May, 12, 14:40:00
U.S. TIGHT OIL PRODUCTION WILL DOWN TO 6 MBD
If nothing else changes (unlikely), tight oil production will decline to a level of about 6 million bo/d
2020, May, 8, 12:00:00
OIL PRICE: NEAR $30
Brent was up by 87 cents, or 3%, at $30.33 a barrel, WTI gained $1.12, or 4.8%, to $24.67 a barrel
2020, May, 7, 11:40:00
OIL PRICE: ABOVE $29
Brent was down by 24 cents, or 0.8%, to $29.48 a barrel, WTI was down by 24 cents, or 0.8%, to $29.48 a barrel
2020, May, 7, 11:20:00
U.S. OIL INVENTORIES UP BY 4.6 MB TO 532.2 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil inventories are about 12% above the five year average for this time of year.
2020, May, 7, 11:10:00
U.S. GAS POWER UP
Gas power is the most economic dispatchable source of electricity in America today.
2020, May, 6, 12:25:00
OIL PRICE: ABOVE $31 ANEW
Brent was up 45 cents, or 1.5%, at $31.42 a barrel, WTI was up 45 cents, or 1.5%, at $31.42 a barrel.
2020, May, 6, 12:20:00
2020: ENERGY DEMAND WILL DOWN 6%
Energy demand will fall 6% in 2020 – seven times the decline after the 2008 global financial crisis
2020, May, 6, 12:10:00
EURO DOWN ANEW
The euro reached an eight-day low against the dollar early on Wednesday
2020, April, 30, 15:20:00
OIL PRICE: NEAR $25 ANEW
Brent was up $1.97 or 8.1%, at $26.20 a barrel, WTI climbed to $17.30 a barrel, up 14.9% or $2.24.
2020, April, 30, 15:15:00
OPEC+ RUSSIA CHANGES
Russia is advocating a shift in the OPEC+ strategy once global crude oil recovers
2020, April, 29, 12:45:00
OIL PRICE: NEAR $21 AGAIN
Brent were up 2.30%, or 47 cents, to $20.93 a barrel, WTI jumped 12.56% or $1.55 to $13.89
2020, April, 29, 12:35:00
SAUDI'S RESERVES DOWN TO $464 BLN
The Saudi Arabian Monetary Authority said on Tuesday its net foreign assets, which include securities such as U.S Treasuries and foreign deposits, fell in March to $464 billion, their lowest since 2011.
2020, April, 29, 12:30:00
GLOBAL LNG CHALLENGES
LNG output jumped by the largest increment ever, 40.9mn t, and grew by the fastest annual rate since 2010, 13pc.