๐ข๏ธ
#OPEC+ will stick to its current plan to ease the oil output cuts from the beginning of May. The next ministerial meeting of OPEC+ countries is postponed to June 1.
#OOTT
๐ข๏ธ
#BRENT June contract was up 38 c/b (0.58%)
#WTI June contract was up 38 c/b (0.6%)
-Crude edges up on economic optimism and improved #OPEC+ forecast.
-Oil tanker crashes outside China's Qingdao port and spills oil.
-Oil production in Brazil fell 6% in the first quarter
#OOTT
๐ข๏ธ
The #OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year, but is concerned about surging COVID-19 cases in India and elsewhere.
#OOTT
๐ข๏ธ
#BRENT June contract was down 8 cents/b (0.12%)
#WTI June contract was up 2 cents/b (0.03%)
-Crude rangebound as investors monitor pandemic situation in India and Japan and await #OPEC+ meet.
-NOC lifts force majeure on Hariqa port.
-BP launches Egypt's Raven field.
#OOTT
๐ข๏ธ
#BRENT June contract was up 27 cents/b (0.41%)
#WTI June contract was up 36 cents/b (0.59%)
-Crude rises on optimism over Europe reopening.
-Iran oil exports in April are still above 2020 levels.
-OPEC urges members to lobby against U.S. NOPEC bill and outline risks.
#OOTT
๐บ๐ธ#US President Joe Biden announced today that the United States would cut its greenhouse emissions by half by 2030 as part of the country's efforts to combat climate change.
๐ฑ
#ZeroEmissions
๐ข๏ธ
#BRENT June contract was down 28 cents/b (0.42%)
#WTI May contract was down 30 cents/b (0.49%)
-๐บ๐ธOil is down again on #US inventory build.
-๐จ๐ณCNOOC's Q1 revenue jumps 21% on oil price recovery.
-๐ฎ๐ถ#Iraq aims to finalize Exxon oil sale by June.
#OOTT
๐ข๏ธ
#OPEC+ achieved a compliance level with its agreed oil production cuts of 113% in March, unchanged from levels in February.
Compliance from members of the OPEC reached 124%, while non-OPEC participants achieved compliance of 93%.
#OOTT
๐ข๏ธ
#BRENT June contract was down 49 cents/b (0.74%)
#WTI May contract was down 50 c/b (0.8%)
-The API data showed a 436,000 barrel build in #US crude inventories.
-๐#OPEC+ is heading for a technical meeting next week.
-๐ฑ๐พNOC declares force majeure at the Harika Oil Port.
#OOTT
๐ฅ
๐บ๐ธ@BP Plc will spend about $1.3 billion to build a network of pipes and other infrastructure to collect and capture natural gas produced as a byproduct from oil wells in the Permian Basin of Texas and New Mexico, the Wall Street Journal reported.
#ONGT
๐ข๏ธ
#BRENT June contract was down 20 cents/b (0.28%)
#WTI May contract was down 11 cents/b (0.17%)
-Oil steadies as rising infections spark demand concerns.
-๐บ๐ธ#US rig count is up 7 from last week at 439.
-๐ธ๐ฆ#SaudiArabia exported 5.63 million b/d in February.
#OOTT
๐ข๏ธ
๐จ๐ณ#Chinaโs daily crude oil throughput surged 19.7% in March from a year earlier, as refiners ramped up operations to meet robust fuel demand and to build up inventory before shutting down for overhaul. They processed 59.79 million tonnes of crude oil last month.
#OOTT
๐ข๏ธ
#BRENT June contract was up 4 cents/b (0.06%)
#WTI May contract was down 2 cents/b (0.03%)
-Oil rises in fifth day of gains on demand hopes.
-#Chinaโs daily crude oil throughput surged 19.7% in March.
-#Libyaโs oil revenues in March exceeded 2 billion dollars.
#OOTT