Crude Oil News in Austria
| 6/7/2016 - Contrary to the previous month, sweet/sour differentials narrowed in all markets, particularly in Asia. ... |
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6/6/2016 - Oil futures surged by more than 8% to above $40/b in April, as market sentiment turned more upbeat amid signs that a persistent global supply glut may be easing. Strong gasoline consumption in the Uni... |
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12/27/2015 - All three markets deepened their contango as crude oil oversupply continued in all regions, with the WTI market reaching super-contango amid concerns about available spare storage capacity. The build ... |
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11/1/2015 - Crude oil futures were up after two months of steep declines, despite the fact that the year-long imbalance in oil supply and demand fundamentals has not changed profoundly. Some overhung crudes found... |
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8/23/2015 - Crude oil futures on both sides of the Atlantic fell to multi-month lows, taking ICE Brent below $60/b. ICE Brent shed almost $7 to settle way below $60/b, while Nymex WTI lost a near sharp $9 to end ... |
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8/10/2015 - Although all three markets remained in contango, the Brent contango widened over June by close to 25¢, to reach $1.31/b (M1-M3). A surplus of unsold prompt loading North Sea and West African crude car... |
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7/1/2015 - The contango in the Brent, WTI and Dubai market structures narrowed over the month as demand continued to improve in all regions and the oil glut started to ease. The contango in the Brent market stru... |
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6/24/2015 - Sweet/sour differentials widened slightly on the US Gulf Cost (USGC) and in Europe, while narrowing slightly in Asia. ... |
| 5/4/2014 - ICE Brent declined by 1% m-o-m amid very weak market fundamentals. This occurred despite the continued impact of Libyan supply outages as well as the crisis in Ukraine. Brent crude fell as a seasonal ... |
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11/25/2013 - The backwardation between the ICE Brent crude futures first- and second-month
contract has eased significantly over the month, moving toward contango at the end of
October — where the cost of immedi... |
| 11/12/2013 - OECD commercial oil inventories have long served as a key indicator of the state of the world oil market, indicating
whether it is tight or well supplied. In recent years, however, shifts in oil cons... |
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9/1/2013 - Looking at crude inter-month differentials, it is evident that both WTI and Brent are in strong backwardation. Increased crude buying undoubtedly plays a significant role in keeping inter-month spread... |
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8/29/2013 - The Nymex WTI front-month ended July over 9% higher, experiencing the largest month-on-month percentage gain since November 2011. Positive US economic data - coupled with drained supplies from the US ... |
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7/27/2013 - In crude futures exchanges, Nymex WTI rose more sharply than ICE Brent in June, based on a monthly average. Nymex WTI found support from positive US economic data, reduced Canadian crude shipments due... |
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7/24/2013 - The Nymex WTI market structure continued its narrowing trend for the fourth month in a row. In fact, it flipped into a backwardation starting in the second half of June and remains at this status to d... |
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7/21/2013 - The value of the OPEC Reference Basket (ORB) improved slightly in June, inching higher after three months of consecutive declines. The ORB was supported by improving sentiment in the oil market relati... |
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7/7/2013 - Global light-sweet/heavy-sour spreads were mixed over the month of May with Brent/Urals and LLS/Mars narrowing while TPI/Dubai spread widened. Light distillates continue to be under pressure in Europe... |
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7/5/2013 - The Nymex WTI market structure continued its narrowing streak for the third month in a row, as the glut of crude oil at Cushing, Oklahoma, continued to ease. In May, the first month versus second mont... |
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6/27/2013 - International crude oil futures moved in opposite directions over the course of May. Nymex WTI front-month posted a significant expansion over the month, while ICE Brent edged down slightly. Neverthel... |
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6/4/2013 - The ICE Brent inter-month spread continued to weaken over April, flipping into contango for most of the month. Ample North Sea crude availability and high levels of regional maintenance have put the p... |
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