Crude oil prices finished nearly flat with no major developments related to the coronavirus outbreak or oil supply curbs.
โดยทีมวิเคราะห์ตลาดต่างประเทศ บริษัท ปตท. จำกัด (มหาชน)
- The pace of new coronavirus infections in the Chinese province of Hubei fell for a 2nd straight day on Tuesday, but the World Health Organisation (WHO) cautioned that there is not yet enough data to know for sure whether the epidemic has slowed. On Tuesday, Hubei reported 1,693 new cases of infection, which was down from 1,807 the previous day and the lowest number in the province since February 11. However, the death toll – which is interpreted as a lagging indicator – rose to 132, from 93 the previous day. The latest figures bring the total number of cases in China to over 74,000, with about 2,000 fatalities. Outside China, there have so far been 5 deaths and about 827 cases of infection, with over half of those infections concentrated on a cruise ship quarantined at a Japanese port.
- OPEC+ oil producers will next meet in Vienna on March 6 as initially planned, a senior official of the Russian energy ministry said on Tuesday. OPEC’s members, led by Saudi Arabia, have been trying to persuade Russia to agree to deeper production cuts, as well as bringing forward their next meeting to February.
- The production of oil from major shale basins in the U.S. is expected to rise in March by about 18,000 bpd to a new record-high of 9.18 mil bpd, the U.S. EIA said on Tuesday a regular monthly report.
- Libya's internationally-recognised government has suspended negotiations hosted in Geneva by the United Nations, after military forces from the country’s eastern regions shelled the port of the capital Tripoli. The U.N. has been hosting in Geneva ceasefire talks between officers from the Tripoli-based government and a rival government based in eastern Libya. The Libyan National Army (LNA), which is led by Khalifa Haftar, has been trying to seize the capital Tripoli by force. The LNA on Tuesday shelled Tripoli’s port, which is a major gateway for food, fuel, wheat and other imports for the capital.