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Oil Daily Review October 11, 2019

Oil Daily Review for October 11, 2019

Brazil Raises Over $2 Billion From Ten Oil Majors In Exploration Rights Auction

France’s Total and Malaysia’s Petronas lead the bidders’ queue for latest Brazilian exploration rights.


Falling Demand For Electricity Has Utilities Burning The Midnight Oil

City-owned utilities want to go private while industry giants look to M&A.


USD/CAD slumps to 1.3270 area as oil recovery gathers momentum

The USD/CAD pair fluctuated in a narrow band above the 1.33 mark for the majority of the day before coming under modest bearish pressure in the last h


OPEC leaves 2020 oil-demand forecast unchanged, cuts 2019 view

The Organization of the Petroleum Exporting Countries in its monthly report on Thursday forecast world oil demand to grow by 980,000 barrels a day in 2019,…


WTI Crude Oil and Natural Gas Forecast October 11, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


Crude Oil Prices Brace for More Trade Talks and Key Drilling Data

Crude oil prices surged on Thursday amid new developments in the US-China trade war and are now eyeing more negotiations between key officials against the backdrop of key drilling data.


OPEC chief hints at deeper oil production cuts in December

A deeper production cut is among options for OPEC and its allies to consider in December, OPEC’s Secretary General Mohammad Barkindo said on Thursday,


Oil rallies over 1% in reaction to report of an explosion in an Iranian tanker

According to the latest headlines floating on the wires, as reported by ISNA, there has been an explosion in an Iranian tanker that has set the NIOC


Iranian Oil Tanker Hit By ‘Suspected’ Missile Attack Off Saudi Coast

Iran’s national oil company says vessel was 60 miles from the Saudi port city of Jeddah, but IEA report tempers market gains despite yet another flashpoint.


Oil futures surge 2% as IEA downgrades demand growth outlook

Crude-oil futures headed sharply higher Friday, even as a monthly international report indicated that weakness in the global economy will hurt demand for oil…


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