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Brent Oil - Rystad: Low Prices To Send Oil Services Market Into Recession

12-09-2019 04:16

But if oil prices stay at around US$60 a barrel Brent Crude, the revenues would likely drop to some US$621 billion next year, putting an end to three years of revenue growth in a row, Rystad ...

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U.S. exported more oil than Saudi Arabia in June

have prompted a drop of almost 20% in benchmark Brent crude from an April high. The expansion in America’s exports in June was helped by a surge in crude-oil shipments to more than 3 million barrels a ...

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IEA says oil demand subdued on economic uncertainty

Global oil demand growth is expected to remain subdued ... which appears to have provided some support for prices. Current benchmark Brent and WTI prices at around $61 per harrel and $56 ...

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Oil Prices Mixed as OPEC Forecast Counters Inventory Data

Oil futures jumped just after the report, but quickly reversed course. WTI futures was flat at $57.40 at 11:08 AM ET (15:08 GMT), while Brent futures rose 0.45% to $62.66 “The U.S. crude draw is ...

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Oil erases gains, no movement toward deeper OPEC+ cuts

Brent crude futures LCOc1 fell 50 cents to $ ... did not tackle deepening the cut, Oman’s oil minister said. He added, however, that Nigeria and Iraq had promised to “fully comply” with ...

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