Tag: oil price

• Tuesday, April 26th 2022 - 09:43 UTC

  Guyana's first million barrels sale from the Liza Unity production platform

  

  Guyana has sold a cargo of one million barrels of its newest crude to ExxonMobil for US$106 per barrel, which was the first share for the government from the newly operational Liza Unity production platform operated by Exxon, according to Tsvetana Paraskova from Oilprice.com.

• Monday, March 14th 2022 - 20:42 UTC

  Fuel at Argentine pumps goes up for the second time this year

  

  Argentina's state-run oil company YPF has increased its prices at pumps between 9.5% and 11.5%. It was the second rise this year. Other brands such as Shell have followed suit. The last increase had been in February.

• Friday, March 11th 2022 - 08:41 UTC

  Petrobras increases price of fuel for distributors after 57 days

  

  Brazil's Petrobras has increased the price of refined gasoline and diesel for distributors as of March 11. The average price has gone up to R$3.86 (US$ 0.77) for regular fuel and R$4.51 (US$ 0.9) for diesel.

• Saturday, February 5th 2022 - 09:42 UTC

  WTI crude surges above US$ 92 on Texas freezing weather

  

  By Tsvetana Paraskova for Oilprice.com – WTI Crude, the U.S. oil benchmark, jumped to over US$ 92 per barrel early on Friday—its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.

• Thursday, February 3rd 2022 - 09:51 UTC

  OPEC+ confirms March output increase; oil remains bullish at US$ 90 since several members can't deliver

  

  By Tsvetana Paraskova for Oilprice.com – In the shortest meeting so far in its history, OPEC+ decided on Wednesday to increase the collective production by 400,000 barrels per day (BPD) in March, keeping unchanged the plan to boost output and pushing Brent above US$ 90 per barrel again with the per-usual modest production hike.

• Thursday, October 14th 2021 - 14:58 UTC

  Putin anticipates the price of crude could reach US$ 100 a barrel

  

  The price of crude could rise to US$ 100 per barrel in coming weeks, anticipated Russian president Vladimir Putin during the Energy Week conference held in Moscow.

• Sunday, October 10th 2021 - 19:41 UTC

  US will not release strategic reserve and Brent oil climbs to US$ 83 the barrel

  

  By Julianne Geiger for Oilprice.com - The Unite States Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier Blas reported on Twitter.

• Monday, November 9th 2020 - 09:21 UTC

  Petrobras expects increased production from the pre-salt offshore basin

  

  By Tsvetana Paraskova for Oilprice.com – Because of the increased production at the prolific pre-salt offshore basin, Petrobras expects its oil and gas production this year to exceed earlier guidance, Brazil’s state oil firm said when it reported its production figures for Q3.

• Tuesday, August 11th 2020 - 09:00 UTC

  UK's oil industry close to collapse, says Premier Oil director; North Sea not profitable below US$ 60 a barrel

  

  The UK's oil industry is in “crisis” as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money.

• Monday, May 25th 2020 - 07:52 UTC

  Pierre Andurand, French 'wonder boy' who predicted the sub zero oil market collapse

  

  French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly COVID-19 outbreak could represent a rare “black swan” event that would send prices into reverse.