Page 60 - Dated Brent News Today

/PRNewswire/ -- S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets,...

The North Sea oil price that serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be set partly throug...

Global oil market balances are a blind spot for the market. Despite eye-catching depletions in stocks at key hubs like Cushing and Fujairah, storage is stubbornly high. China’s uncertain appetite for another barrel-buying bonanza and a pool of excess diesel should keep oil watchers on high alert. After the April panic which saw Dated Brent ...

Asia crude – Key market indicators this week The crude oil market was trading higher at the start of the Asian week Feb. 15, amid a strong outlook for economic recovery across the financial and commodity markets following progress in COVID-19 vaccine rollouts. April ICE Brent crude futures were pegged at $63.62/b at 10.46 am Singapore time (0246 GMT) Feb. 15, up $2.40/b from the 12.30 pm Asian close on Feb. 11. MIDDLE EAST CRUDE **Trade activity in the week ahead, post-Lunar New Year holidays...

North Sea crude sees lively start to 2021 as spot trading intensifies Spot trading of physical crude that underpins Dated Brent has started 2021 recording the highest activity seen in the last five years for the key North Sea benchmark, according to data compiled by S&P Global Platts. As the recovery of the oil market gathers pace, boosted by a gradual pickup in demand, oil companies and trading houses have adopted a more hands-on strategy but questions remain whether this pattern can be sustai...

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Iraq’s SOMO raises March OSPs, with biggest hikes for Europe-bound crude Iraq’s State Oil Marketing Organization issued its March official selling prices, with a hike in differentials for all Europe-bound grades, while those for the US and Asia saw slight increases, according to a company notice dated Feb. 10. For Asian buyers, SOMO set the March OSP for the new Basrah Medium crude at a discount of 15 cents/b to the monthly average of Platts Oman and Dubai assessments, an increase of 10 cen...

The oil market is being swept up in a commodity supercycle, with huge upside risk to a target price of $65/b, according to Jeff Currie, head of commodity research at Goldman Sachs, who added key metals such as copper are already at supercycle levels and that the story has only just begun. “I want to ...

EnQuest signs agreement to acquire equity interest in the Golden Eagle development édité le 04/02/2021 - Plus de news de "EnQuest" - Voir la fiche entreprise de "EnQuest" EnQuest PLC (together with its subsidiaries, ‘EnQuest’), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce it has signed an agreement with Suncor Energy UK Limited (Suncor) to purchase Suncor’s entire 26.69% non-opera...

VAALCO Energy has entered into a crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period from and including February 2021 through January 2022 in Gabon. These swaps will settle on a monthly basis.  The Company is hedging a portion of its production volumes, excluding volumes attributable to acquiring Sasol’s interest in the Etame field, to protect cash flows which will be used to fund the 2021/2022 drillin...