Latest Crude oil prices, News to 17/08/2020

Latest Crude oil prices, News to 17/08/2020

Opec+, led by Saudi Arabia and Russia, will convene their joint ministerial monitoring committee meeting on Wednesday.

The price of OPEC basket of thirteen crudes stood at $44.62 a barrel on Friday, 14 August 2020, compared with $45.34 the previous day, according to OPEC Secretariat calculations.

Commodity At press timeUnitsPriceChange
Crude Oil (WTI)USD/bbl42.410.00%
Crude Oil (Brent)USD/bbl45.000.00%
Bonny LightUSD/MMBtu44.050.00%
Natural GasUSD/MMBtu2.310.00%

IEA Sees 2020 Oil Demand Down 8.1 Million Bpd

The International Energy Agency expects crude oil demand this year to be 8.1 million bpd lower than it was in 2019, a downward demand forecast revision of 140,000 bpd, the authority said in its latest Oil Market Report.

How COVID-19 Completely Disrupted Car Markets

The coronavirus pandemic has already destroyed oil demand growth. It has dented oil demand. It has sent oil and gas companies under. It has stymied exploration and production the world over, and triggered countless job losses, writedowns, and more.

How the UAE-Israel peace accord can lead to greater co-operation in the energy sector

Israel has never been a major energy player. On the contrary, until the past decade, its lack of hydrocarbons had been a persistent Achilles heel, leading it to import oil from the former Soviet Union and Iraq’s Kurdistan region and to rely on coal for electricity generation. Consequently, it has become a regional renewable energy leader.

Abu Dhabi’s National Marine Dredging receives merger offer from National Petroleum Construction Company

Nigeria’s $1.5 billion World Bank loan delayed over reforms – sources – Reuters

Porsche plug-in hybrid SUV

670-horsepower machine with a 0-60 mph time of 3.6 seconds and a top speed of 183 mph

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Source / More information: Newstrack compiled by Oil and Gas Press / Segun Cole , Please email us your industry related news for publication

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