Wow There are 2 New Benchmarks of Oil Prices, WTI’s rivals!

Jakarta, CNBC Indonesia – Two of the world’s leading oil price reporting agencies, S&P Global Platts and Argus Media, separately launched the benchmark (benchmark) the new price of crude oil in the United States (US) on Friday last week (6/26/2020) to compete with futures contracts (futures) US crude is currently West Texas Intermediate (WTI). S&P […]

‘Duet’ Corona-IMF Virus Feels Worried, Oil Prices Pressure

Jakarta, CNBC Indonesia – World crude oil prices weakened this week, stopping the pace of impressive increases since late April. There is a risk of spread of the second wave of disease pandemic due to corona virus (Covid-19) and the International Monetary Fund (International Monetary Fund/IMF) which once again cut the forecast for global economic […]

Concerns about China’s economy are causing oil prices to collapse

Oil production Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Frankfurt Oil prices fell sharply on Friday due to economic concerns. The price of a barrel (159 liters) of the North Sea type Brent fell in the morning by up to six percent to below $ […]

Oil prices rise slightly

Oil production Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Frankfurt Oil prices rose slightly in Asian trade on Wednesday. In the morning, a barrel (159 liters) of North Sea Brent cost $ 34.90. That was 25 cents more than on Tuesday. The price of a […]

Oil prices continue to recover – US oil above $ 30 mark

Oil production Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Frankfurt Oil prices continued to rise in Asian trade on Friday. The previous day, they had risen due to a new demand forecast by the International Energy Agency (IEA). The price for a barrel (159 liters) […]

The price war on the oil market is entering the next round

The result is known: the oil price collapsed, the cartel called Opec-plus met for a special meeting to agree on drastic cuts in production and get the raw material price out of the cellar. The Opec plus agreement with significantly reduced production volumes has been in force since May 1st. Saudi Arabia’s Ministry of Energy […]

Oil: Oil prices continue to rise

Oil production Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Frankfurt Oil prices continued to rise in Asian trade on Friday. The day before, they had risen due to a new demand forecast by the International Energy Agency (IEA). The price of a barrel (159 liters) […]

Oil prices almost unchanged – Saudi Arabia reduces production

Oil pumps on a field at Ponca City in the US state of Oklahoma Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Frankfurt Oil prices initially barely moved on Thursday. The price for a barrel (159 liters) of the North Sea Brent was last at $ […]

Oil prices are falling slightly

Oil pumps on a field at Ponca City in the US state of Oklahoma Brent is the most important oil for Europe. The WTI variety comes from the USA. (Photo: dpa) Singapore Oil prices fell slightly on Monday. A barrel (159 liters) of the North Sea type Brent cost $ 30.68 in the morning. That […]

Oil prices continue to rise – aid from the central banks gives a boost

oil After the oil price shock of the past weeks, prices continue to recover. (Photo: Reuters) New York, Londopn Oil prices continued their recovery on Friday. After the significant rise in prices on the previous day, prices continued to increase. A barrel (159 liters) of the North Sea type Brent cost $ 27.00 in the […]