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Oil set for weekly gain with virus rebound, Libya risks
- This marks second consecutive weekly gain for oil prices as they reach their highest levels since Jan. 29
Oil prices down with rising US crude stock, coronavirus
- Low global oil demand expectations remain strong due to COVID-19
US crude oil inventories show less-than-expected rise
- Commercial crude oil stocks rose by 0.4 million barrels, compared to market estimate of 2.5 million barrels increase
Global fuel demand growth revised down amid coronavirus
- Global liquid fuels demand to average 101.7 million bpd in 2020, 378,000 bpd less than EIA's previous forecast in January
Oil prices down with rising coronavirus cases
- Death toll in China from coronavirus outbreak increases to 1,869
Coronavirus to have short-term oil market impact: BBVA
- As the outbreak is expected to lower energy consumption worldwide, several institutions revised both oil prices and demand forecasts
Oil heads for 5% weekly gain as coronavirus fears ease
- Most reported cases are going back over days and weeks, WHO says
LNG prices to recover from coronavirus lows by year end
- Spot LNG prices down more than 55% from a year ago as outbreak causes low gas demand
Coronavirus to delay global recovery, cause oil surplus
- World GDP may contract by 1% in 1Q20, which would be first quarter-to-quarter contraction since 1Q09
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US projected to become net oil exporter by 2050
- World's largest oil importer to export more crude if it produces more and oil prices increase
Global oil supply falls in Jan 2020: Int. Energy Agency
- Demand expected to fall in first quarter of 2020, marking first quarterly contraction in more than 10 years, IEA says
US crude oil stocks, production up for w/ending Feb. 7
- Crude oil output returned to record high level of 13 million barrels per day last week
US, Saudi top diplomats discuss Iran, Yemen
- Mike Pompeo, Saudi foreign minister address 'continued need to counter the Iranian regime’s destabilizing behavior'
Global oil production down in January 2020
- OPEC crude oil output shows month-on-month decrease of 509,000 barrels per day to average 28.86 million barrels a day
EIA lowers oil price forecast by $4 due to coronavirus
- Brent crude expected to average $61 a barrel in 2020, down from previous estimate of $65 per barrel
US confirms 13th virus case as Trump seeks CDC cut
- Patient diagnosed while under federal quarantine after returning form Wuhan, China, CDC says
Coronavirus may put gas market under stress: Fitch
- Chinese LNG importers may cancel up to 70% of imports in February, rating agency warns
US crude oil inventories rise higher than expectation
- Commercial crude oil stocks rose by 3.4 million barrels, compared to market estimate of 2.8 million barrels increase
Oil prices head for biggest monthly decline since May
- Crude heads for more than 13% monthly loss with coronavirus' negative impact on economic growth and global oil demand
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Turkey's energy import bill falls 7.4% in December 2019
- Country's crude oil imports increase by almost 22% in December 2019 compared to same month in 2018
Economies infected with uncertainty from coronavirus
- In short term, coronavirus could have positive impact on Turkish economy, but in long term, it carries some risks, observers say
31.01.2020
World
OPEC may bring forward March meeting due to coronavirus
- Scheduled to meet on March 5-6, group is expected to extend output cut for an additional three months
US crude oil stocks rise much higher than expectation
- Commercial crude inventories jump by 3.5 million barrels, compared to market estimate of rise of 482,000 barrels
Death toll in China’s coronavirus outbreak rises to 170
- National Health Commission confirms 7,711 cases of pneumonia caused by 2019-nCoV
Oil prices up with surprise crude inventory draw
- US crude oil stocks estimated to decline by 4.27 million barrels for week ending Jan. 24
Turkey's oil imports up 45.7% in November 2019
- Production of oil refinery products increases by 62.3% to 3.07 million tonnes in November 2019
US crude oil output set for slow growth through 2021
- Crude production to rise by 9% this year, and grow by an another 3% next year
Brent oil posts losses with rising coronavirus deaths
- Benchmark hits lowest level in nearly four months