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Tag: Brent

$40 Could Be Magic Number for Some Oil Players

The $40 per barrel level for West Texas Intermediate crude oil could trigger an uptick in activity among some oil market players, an informed market-watcher…

Brent oil passes $43/bbl on climbing equity markets, Saudi price hikes

Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained…

Oil falls on oversupply worries despite Iran sanctions

Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded…

Oil steadies boosted by Iran fears, capped by China data

Oil prices retreated below multi-year highs hit early in the day on Tuesday, supported by concerns that U.S. sanctions on Iran that are likely to…

Brent and WTI price spread narrowing

The Brent and WTI spread decreased to $ 3.8 in world market.  Report informs, in December the price spread was $ 7. Notably, there were…

Why does oil hit $71?

Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S….

Brent price exceeds $71 for first time since 2014

Price of March futures for the North Sea petroleum mix of mark Brent crude increased by 1,5% and exceeded $ 71,01/barrel. Report informs citing the…

Brent Reaches Highest Since 2015 After Forties Pipeline Shutdown

Brent crude jumped to its highest since June 2015 as a key North Sea pipeline shut down. The Forties Pipeline System, one of the most…

BP: 2017 ‘Massive’ Year for Global Upstream Projects

Senior leaders from BP’s Global Projects Organization say the company’s project performance was positive for 2017 and have high expectations for the future. Coming off…

OPEC, Russia Agree Oil Cut Extension To End Of 2018

OPEC agrees to extend oil production cuts until the end of 2018, Rigzone reports. OPEC and non-OPEC producers led by Russia agreed on Thursday to…

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