Prices
2020, April, 8, 12:05:00
OIL PRICE: NEAR $32
Brent was up by 21 cents, or 0.8%, at $32.08 per barrel, WTI rose 82 cents, or 3.8%, to $24.45 a barrel
2020, April, 8, 12:00:00
#OilPriceWar: NO ONE WINS
"We are encouraged by the President’s strong diplomacy with Saudi Arabia and Russia, and we are optimistic further progress will be made in the days ahead. No one wins in a price war, and the Saudis and the Russians aren’t benefiting from their decisions. We also urged the administration to avoid U.S. policies that could do more harm than good for American producers.
2020, April, 8, 11:55:00
OPEC+ U.S.: NO INDICATIONS
OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.
2020, April, 8, 11:50:00
OIL PRICES 2020-21: $30-$46
Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.
2020, April, 7, 12:15:00
OIL PRICE: ABOVE $33
Brent was up by 80 cents, or 2.4%, at $33.85 a barrel, WTI was up by 83 cents, or 3.2%, at $26.91 a barrel
2020, April, 7, 12:05:00
U.S. GAS FUTURES UP
Front-month gas futures for May delivery on the New York Mercantile Exchange rose 11.0 cents, or 6.8%, to settle at $1.731 per million British thermal units.
2020, April, 6, 15:00:00
OIL PRICE: NEAR $33
Brent was down $1.23, or 3.6%, at $32.88 a barrel, WTI was $1.01, or 3.6%, lower at $27.33 a barrel
2020, April, 6, 14:40:00
SAUDI ARABIA, RUSSIA OIL DEAL
Saudi Arabia raised its crude output to 12.3 million bpd on April 1 and said it planned to export to more than 10 million bpd starting from April.
2020, April, 6, 14:35:00
#OilPriceWar: OPEC+ DELAY TO APRIL 9
"Russia was not a supporter of ending the OPEC+ deal. President Putin and the Russian side are overall inclined towards a constructive negotiation process, there is no alternative for stabilizing the international energy market,"
2020, April, 3, 12:20:00
OIL PRICE: NEAR $31
Brent gained 3.64% to $31.03, WTI fell 0.83% to $25.11.
2020, April, 3, 12:15:00
OPEC+ DISCUSSES REDUCTION
The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day
2020, April, 3, 12:10:00
#OilPriceWar: SAUDI ARABIA CALLS OPEC+
"It's impossible to take measures to reduce OPEC+ production by 20 million b/d, this is probably half of all countries' total production," Novak said
2020, April, 3, 12:05:00
#OilPriceWar: OPEC+ NOT ENOUGH
Russian energy minister Alexander Novak said a coordinated OPEC+ production cut would not be enough to compensate for the fall in demand caused by the coronavirus pandemic, which he said could reach 20 million b/d.
2020, April, 3, 12:00:00
#OilPriceWar: RUSSIA'S OIL PRICE $20
Urals crude, Russia’s export blend, is now trading firmly below $20 a barrel, a level which could equate to a budget deficit of 2% of gross domestic product this year,
2020, April, 2, 15:05:00
OIL PRICE: NEAR $27
Brent was up 10.75%, or $2.66, to $27.40, WTI rose 10.09% or $2.05, to $22.36.