Media

Oil Price Update

Media

Oil Price Update

Oil prices jumed as virus vaccine reported spur hope


Oil prices jumed as virus vaccine reported spur hope
โดยทีมวิเคราะห์ตลาดต่างประเทศ บริษัท ปตท. จำกัด (มหาชน)

  • China's Changjiang Daily newspaper reported on Tuesday that a team of researchers led by Zejiang University Professor Li Lanjuan had found that drups Abidol and Darunavir can inhibit the virus in vitro cell experiments.
    Separately, Sky News reported that a British scientist has made a significant breakthrough in the race for a vaccine by reducing part of  the normal development time from two to three years to only 14 days.

  • An OPEC+ Joint Technical Committee extended its meeting into a third day on Wednesday and the meeting is set to continue on Thursday.  A news report quoted a source as saying that Russia prefers an extension to the current product pact and not a deeper cut in production. "If there is only an extension (to current cuts), then we will meet in March as agreed before," one of the OPEC sources was reportedly to have said.

  • During the week to January 31, commercial inventories in the U.S. built up by 3.4 mil bbls, in contrast to expectations for an increase of 2.8 mil-bbls. Crude stockpiles at the Cushing, Oklahoma, hub rose by 1.1 mil bbls.