Prices
2020, July, 17, 12:45:00
AFFORDABLE ENERGY
Energy is the single most important issue facing society and is the key to solving the next of its nine challenges, which he categorized as water, food, environment, poverty, terrorism and war, disease, education, democracy and, population.
2020, July, 16, 16:25:00
OIL PRICE: NOT ABOVE $44
Brent fell 29 cents, or 0.66%, to $43.50 a barrel, WTI was down 43 cents, or 1%, to $40.77 per barrel.
2020, July, 16, 16:20:00
U.S. OIL INVENTORIES DOWN BY 7.5 MB TO 531.7 MB
U.S. commercial crude oildecreased by 7.5 million barrels from the previous week to 531.7 million barrels
2020, July, 16, 16:10:00
U.S. OIL WRITE DOWNS
40 U.S. oil producers collectively wrote down $48 billion worth of assets in the first quarter of 2020.
2020, July, 15, 14:20:00
OIL PRICE: ABOVE $43 ANEW
Brent up 35 cents, or 0.8%, at $43.25 a barrel, WTI rose 38 cents, or 0.1%, to $40.67 a barrel.
2020, July, 15, 14:15:00
OIL DEMAND WILL UP
In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.
2020, July, 15, 14:10:00
OPEC+ DECISION
OPEC+ sources have said no recommendations have been made to prolong record cuts into August
2020, July, 15, 14:05:00
GOLD PRICE UNCHANGED
Spot gold was little changed at $1,808.85 per ounce by 0658 GMT. U.S. gold futures eased 0.2% to $1,808.40.
2020, July, 14, 13:25:00
OIL PRICE: ABOVE $42
Brent fell 44 cents to $42.28, WTI fell 44 cents to $42.28
2020, July, 14, 13:05:00
ENERGY MARKET: HUGE VOLATILITY
The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.
2020, July, 14, 13:05:00
OIL DEMAND IS BETTER
The key Joint Ministerial Monitoring Committee, co-chaired by Saudi Arabia and Russia, the two largest members of the coalition, will convene online July 15 and make a final recommendation.
2020, July, 14, 12:50:00
IRAQ PROMISES TO COMPLY
Iraq affirmed its commitment to the OPEC+ cuts in a call with Saudi energy minister Prince Abdulaziz bin Salman, the two ministers said in a joint statement.
2020, July, 10, 11:45:00
OIL PRICE: NOT ABOVE $42
Brent was down by 73 cents, or 1.7%, at $41.62, WTI fell 83 cents, or 2.1%, at $38.79 a barrel
2020, July, 10, 11:40:00
U.S. OIL INVENTORIES UP BY 5.7 MB TO 539.2 MB
U.S. commercial crude oil increased by 5.7 million barrels from the previous week to 539.2 million barrels.
