Page 62 - Dated Brent News Today

Russia’s flagship crude grade, Urals, has seen higher demand from European refiners, with prices rising accordingly, since Saudi Arabia announced a surprise additional production cut at the start of this month

Russia's flagship crude is rising in price in Europe in the wake of Saudi Arabia's surprise oil production cuts.

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UK: Hurricane Energy provides trading and operational update 14 Jan 2021 Hurricane Energy, the UK based oil and gas company, has provided a trading and operational update ahead of its results for the year ended 31 December 2020. This information is unaudited and subject to further review. Antony Maris, Chief Executive Officer of Hurricane, commented: Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net f...

Thu, 14th Jan 2021 17:47 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Helical PLC - London-based property investor - Collects 82% of all rent contracted and payable on December quarter day, with another 11% to be collected though payment plans by the March quarter day. Of the balance, rent holidays have been granted to 3.5% with the other 4.1% subject to ongoing talks with tenants. The propo...

Goldman Sachs sees Brent crude rising to $65/b by the middle of 2021, up to six months earlier than previously forecast, as a demand boost from the rollout of COVID-19 vaccines and potential delays in restarting OPEC+ production keeps the oil market tight over the coming months. Following Saudi Arabia’s surprise decision to slash another ...

European and African crude markets are heading into 2021 in pursuit of a full recovery from the historic coronavirus-induced lows of 2020. However, the same concerns that beset much of 2020 are likely to continue, with fresh lockdowns and stalling economic activity adding renewed pressure to crude oil markets in 2021. “Going forward it doesn’t ...

Bunkerworld Index: Prices rise amid firming crude, pockets of tightness for bunkers 31st December 2020 11:40 GMT The S&P Global Platts Bunkerworld Index continued to rise amid continuing optimism in the wider oil complex and mixed market dynamics in bunker markets. The BW0.5%S Index ended Dec. 30 at $418/mt, up $4/mt day on day, up $12/mt month on the week and $37/mt higher than 30 days previously. The BW380 Index, which represents value for 3.5% sulfur fuel oil, rose $2/mt on the day to $333.5...

An asymmetrical oil market searches for balance The physical oil market is responding unevenly to the recent rally in crude futures, with a healthy dose of skepticism and sanguinity. The divergent paths of some crudes and refined products has led some traders and analysts to question whether the 25% rise in oil prices over the past month can be sustained. The Platts Dated Brent benchmark rose to over a nine-month high of $51.97/b on Dec. 18, but traders expect some resistance to the recovery th...

Asia crude – Key market indicators this week The crude oil market in Asia started the week of Dec. 21 lower as crude futures fell after closing at nine-month highs Dec. 18 due to the emergence of a highly infectious strain of coronavirus in the UK, which led to fears that tougher lockdown restrictions will be placed to curb its spread. The ICE Brent February crude contract fell $1.70/b (3.25%) from the Dec. 18 settle to $50.26/b at 11:35 am Singapore time (0335 GMT) on Dec. 21. MIDDLE EAST CR...