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MercoPress, en Español

Montevideo, March 20th 2019 - 17:51 UTC

Tag: Brent Crude

  • Saturday, December 1st 2018 - 09:24 UTC

    Oil prices in November slide 20%, the weakest month in more than ten years

    Brent futures fell 80 cents, to settle at US$ 58.71 a barrel, ahead of expiry. The February Brent crude futures LCOG9 lost 45 cents to settle at US$ 59.46 a barrel

    Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar. The two benchmarks, North Sea Brent LCOc1 and U.S. crude CLc1, still have had their weakest month in more than 10 years in November, losing more than 20% as global supply has outstripped demand.

  • Saturday, November 24th 2018 - 08:59 UTC

    Oil price slumps 8% to lowest in more than a year: Crude supply grows faster than demand

    Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel, OPEC is expected to start trimming output

    Oil prices slumped up to nearly 8% to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6.

  • Wednesday, October 10th 2018 - 17:04 UTC

    Oil Price Rally Boosts Electric Car Sales

    All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.

    Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.