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US crude oil inventories fall for week ending Nov. 20
- Commercial crude oil stocks decrease by 800,000 barrels against market expectation of 333,000 barrel fall
Oil prices leap higher on vaccine hopes, US transition
- Terror attack at a petroleum products distribution station in Saudi Arabia also adds to price hikes
Lukoil's profit down by 73.5% in third quarter of 2020
- Company reversed loss into profit in July-September period thanks to rise in oil prices
25.11.2020
Oil
Brent price hit 8-month high on encouraging vaccine news
- As third drug company announces effective COVID-19 vaccine, AstraZeneca says its vaccine has 70% efficacy
US: Biden names John Kerry as special climate envoy
- Kerry to be first special presidential envoy that holds seat at National Security Council
Oil prices up on rising hopes for COVID-19 vaccine
- Successful vaccine trials instil hopes for a sooner-than-expected recovery
US oil rig count falls by 5 for week ending Nov. 20
- US sees drop of 440 oil rigs from one year ago
Brent oil price up 2.65% for week ending Nov. 20
- Boosted hopes for a sooner-than-expected recovery have lion's share in general positive outlook amid successful vaccine trials
Oil price slightly down as low demand curbs price rise
-Investors have eyes on developments about COVID-19 vaccine news, developments on a possible US relief package and OPEC+ decision
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Oil prices drop as fears surge over weak oil demand
- Less-than-expected rise in US crude stocks limits further price declines
US crude oil inventories rise for week ending Nov. 13
- Commercial crude oil stocks increase by 800,000 barrels against market expectation of 1.7 million-barrel rise
Kazakhstan to produce 86 million tons of oil in 2021
- This number is expected to reach 100.7 million by 2025, according to the Minister of National Economy Dalenov
G20 needs to ramp up targets to tackle climate crisis
- COVID-19 recovery spending for coal, oil and gas risks reversing positive trends seen before pandemic
Oil prices drop with crude inventory build in US
- US crude oil inventories are forecast to rise by 4.2 million barrels for week ending Nov. 13, according to API figures
Climate caused 83% of decade's disasters: Red Cross
- Global efforts to tackle climate change failing to protect people most at risk, says International Federation of Red Cross
Oil, gas discoveries resilient in 2020 despite pandemic
- In discovery volumes, Russia’s Gazprom leads with total discovery of 1.51 billion barrels of oil equiv.: Rystad Energy
Oil prices up over vaccine hopes and OPEC+ output cuts
- Brent gains more than 3% since its previous close over positive news from second vaccine candidate
Efforts underway to secure Libya's oil fields: UN envoy
- Oil field will be guarded by protection force as pilot project for safeguarding country’s oil fields
Oil prices rise over hopes of OPEC+ output cuts
-OPEC+ current production cut of 7.7 million barrels per day is due to increase from next year
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US oil rig count rises by 10 for week ending Nov. 13
- US sees drop of 438 oil rigs from one year ago
Oil prices up for week ending Nov. 13
- However, weekly price gains come under pressure from US inventory build-up and resurgence in COVID-19 cases
13.11.2020
Oil
Russia's Rosneft reports 64 billion ruble loss in 3Q20
- Negative impact of market fluctuations due to COVID-19 was responsible for company's loss, says Rosneft
Oil prices down with rising COVID-19 cases
- Oil prices are also under pressure over 4.3 million-barrel build-up in US crude inventories
13.11.2020
Oil
US crude oil inventories rise for week ending Nov. 6
- Commercial crude oil stocks increase by 4.3 million barrels against market expectation of 913,000-barrel reduction
Global oil supply up in October with recovery in Libya
- Weak historical data and resurgence of Covid-19 leads to downward revision of near-term global demand outlook, IEA says
Oil rises on OPEC+ output cut extension hopes
- Long-awaited OPEC+ agreement extension as well as vaccine hopes are bullish for markets on Thursday
12.11.2020
Oil
Global oil production increases in October 2020
- Libya is number one in OPEC that raised monthly crude oil production
11.11.2020
Oil
Brent oil trades over $45, highest in 2 months
- Hopes over an effective vaccine treatment for COVID-19 continues to support prices
11.11.2020
Oil
Oil rises on US crude stock data, COVID-19 vaccine news
- Fall of 5.1 million barrels in US crude stockpiles supports higher oil prices on Wednesday
11.11.2020
Oil