SINGAPORE - Oil prices rose to five-month highs on Monday, driven up by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela and healthy U.S. jobs data.
International benchmark Brent futures were at $70.69 per barrel at 0047 GMT on Monday, up 35 cents, or 0.5 percent from their last close.Brent and WTI both hit their highest levels since November last year at $70.76 and $63.48 per barrel, respectively, early on Monday. Russian oil output reached a record high of 556 million tonnes, or 11.16 million barrels per day , last year.U.S. crude exports have also risen, breaking through 3 million bpd for the first time earlier this year.
winning ....I think not.
Always amazed at Reuters' Oil news. 'Oil hits November 2018 high'. But they don't say Nov 18 high was ~$10 per barrel cheaper than Oct 18 high or ~$7 per barrel cheaper than whole 2018 average price. Chart👇
This story is conct of minstrels minstrel is can tach scoped alrdy spices but the golden name is working that
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell sees rise in Nigeria oil spills in 2018Royal Dutch Shell last year experienced a sharp rise in the number of oil spills... Dangerous. Nigeria is so miserable that in the past it is bad, in the present it is worse, and in the future it will be worst. The dictionary has no word to describe the puzzle, Nigeria. view video...
Source: Reuters - 🏆 2. / 97 Read more »
Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil prices rose to their highest level since Nov. 2018 on Monday, driven up by O... Portends higher U.S. consumer energy costs and consequently lower disposable income and ultimately a recession. Sell assets, raise cash and hunker down. Brace! Unleaded gas at $4.34 a gallon today. This is the second time I’ve had to outspend my income tax dividend. Trump’s Saudi Arabia friends are screwing us, thanks Jared.
Source: Reuters - 🏆 2. / 97 Read more »
Oil hits 2019 high on OPEC cuts, concerns over demand easeOil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanc... OPEC has become a charade controlled by non OPEC member US🙅♀️ As a Result the Chinese, Iranians, Iraqis, Libyans and Venezuelans all trade crude-oil on the black market creating a parallel market worth no less than a few trillion dollars😲 Yep it's time to go electric now.
Source: Reuters - 🏆 2. / 97 Read more »
Forces advance on Libyan capital, threatening to tip key OPEC oil producer into warGeneral Khalifa Haftar has recently sought to secure Libya's southern oil fields, and his forces are now moving west towards Tripoli. Hi, This is editography. Looking for an awesome book cover ? This link may help you. Click here : I'm guessing Iran will be more that happy to fill any lost volumes
Source: CNBC - 🏆 12. / 72 Read more »
The U.S. Oil Boom Is Sinking OPEC ImportsThanks to the U.S. shale revolution, our imports from OPEC have been sinking since 2008. And the good news is that friend Canada has filled in quite nicely. Yet gas prices have gone up 60 cents in the past 2 months. 🙈🤣
Source: Forbes - 🏆 394. / 53 Read more »
OPEC March oil output sinks on Saudi cuts, Venezuela blackoutsOPEC oil supply sank to a four-year low in March, a Reuters survey found, as top...
Source: Reuters - 🏆 2. / 97 Read more »
OPEC oil output hits four-year low on Saudi cuts, Venezuela blackoutsOPEC oil supply sank to a four-year low in March, a Reuters survey found, as top... Saudis and friends inflating oil prices once again No issue. We have Iranian Crude Oil. Imagine that: Saudis increase production for US purpose to ruin Iran and Venezuela econs. Then, we put sanctions limiting their international sales from I & V, and Saudis cut production to increase profit. Also shows US isn't in control of Faustian bargain with Saudis.
Source: Reuters - 🏆 2. / 97 Read more »
Oil ends sharply higher on signs of slower OPEC output, upbeat China dataOil rallied sharply Monday after data showed a pickup in Chinese manufacturing activity, which traders said helped ease worries about global demand...
Source: MarketWatch - 🏆 3. / 97 Read more »
The most profitable company in the world is not Apple — it's Saudi AramcoSaudi Aramco, the world's biggest oil producer, made core earnings of $224B last year - almost 3x as much as Apple - figures from the state-owned company showed Monday ahead of its debut international bond issue. That’s nice. We don’t need Saudi Arabia or their oil.
Source: NBCNews - 🏆 10. / 86 Read more »
Brent approaches $70 as oil prices rise for fourth dayOil prices rose for a fourth day on Wednesday, with support from OPEC-led supply... From my calculations Brent is going to $110 Brexit?
Source: Reuters - 🏆 2. / 97 Read more »