Page 55 - Dated Brent News Today

London — OPEC and its allies have the green light to ease back on their production cuts, after ministers April 27 endorsed previously agreed plans to boost crude oil output from May. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The alliance, which intends to pump some 2 million b/d more crude oil by July, largely from Saudi Arabia, is betting that improvements in the global economy will outweigh the surge of corona...

Singapore — Asias crude oil market started the week of April 26 on a stronger note amid signs of easing COVID-19 impact in the West, even as resurgence in Asia raised demand concerns. Market participants continue to expect OPEC+ to go ahead with its plan of rolling back production cuts in its upcoming April 28 meet. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now June ICE Brent crude futures was pegged at $66.11/b at ...

Jadestone Energy reports 2020 Full Year Results 22 Apr 2021 AIM-listed Jadestone Energy, an independent oil and gas production company and its subsidiaries, focused on the Asia Pacific region, rhas reported its audited consolidated financial statements, as at and for the financial year ended 31 December 2020, and announced its intended final dividend.  Management will host a conference call today at 9:00 a.m. UK time, details of which can be found in the release below.  Paul Blakeley, Pre...

Shifting focus of global oil demand demands a liquid, fungible benchmark for oil pricing to meet future supplies and enhance efficiency

Singapore — Spot cash premiums for June-loading barrels of Malaysian and Vietnamese crude oil have eased on the month amid demand concerns as COVID-19 cases spike in Asia, ample availability of arbitrage cargoes, and a wide Brent/Dubai EFS, market participants said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now COVID-19 resurgences in key demand centers in Asia, such as Thailand and India, raised concerns on demand ...

  London, 19 April 2021 - Energean plc (LSE: ENOG, TASE: א) is pleased to announce its audited full-year results for the year ended 31 December 2020 ("FY 2020").     "2020 was clearly a challenging year, but nevertheless a successful one for Energean. We completed our acquisition of Edison E&P, agreed to acquire the minority interest in Energean Israel Limited and made solid progress on our flagship Karish gas development.   "Strong momentum has ...

Crude oil will climb above $70; energy security could reappear on the radar Energy security concerns are bubbling beneath the surface. While OPEC+ can provide the necessary crude as demand recovers in the near term, there may be a lack of firepower from the rest of the oil producing fraternity further down the line. The recent rise in oil prices could be just what the world needs. The global physical oil benchmark Dated Brent is hovering in the low $60s/barrel, having risen more than 50 per cen...

The breakeven oil prices that Middle Eastern countries need to balance their state budgets are largely projected to fall in 2021 and 2022 on expectations of higher oil prices and economic recoveries,

OPEC+ Oil Output Cuts,  US Policy Middle East crude oil has been a mainstay of the Asian refining sector for many decades. More recently, regional producers have benefited from the demand surge in the fast-growing economies of China and India. But in a market that is increasingly globally interlinked, competing supplies from the West and Africa constantly vie for market share. Producers, refiners and traders use oil benchmarks to analyze arbitrage economics. Platts Dated Br...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Across the forward curves, the combined trading volume for ICE Dubai futures contracts -- including the Dubai first-line futures, the Dated Brent versus Dubai 1st Line futures, and the Brent 1st Line versus Dubai 1st line futures -- was 892,766 lots in March, ICE data showed April 1. One lot is equivalent to 1,000 barrels. This figure is 23.50% higher than the corresponding figure...