Analysis
2022, August, 19, 08:50:00
MUTED RUSSIA SANCTIONS
Russia's crude exports rose by 140,000 b/d on the month to average 3.36 million b/d from Aug 1-16 to remain above pre-war levels for the fifth month in a row,
2022, August, 19, 08:45:00
GAZPROM'S PRODUCTION IS 13% LESS
According to preliminary data, Gazprom produced 274.8 billion cubic meters of gas from January 1 through August 15, 2022. This is a decrease of 13.2 per cent (or 41.7 billion cubic meters) versus the same period of last year.
2022, August, 19, 08:35:00
U.S. RENEWABLES 22%
U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 and in 2021.
2022, August, 16, 14:40:49
OIL PRICE: BRENT ABOVE $94, WTI ABOVE $89
Brent fell 84 cents, or 0.9%, to $94.26 a barrel, WTI dipped 45 cents, or 0.5%, to $88.96 a barrel.
2022, August, 16, 14:35:00
OPEC OIL PRICE: $100.04
The price of OPEC basket of thirteen crudes stood at $100.04 a barrel
2022, August, 16, 14:25:00
OIL PRICE RANGE $90 - $100
On the other hand, #BRENT has been clinging within the mid $90s/bbl range and having a price ceiling within the $101.35/bbl as the Tiltpoint.
2022, August, 16, 14:20:00
EUROPEAN GAS PRICES RISE
Benchmark futures increased as much as 6.5%, after settling 6.8% higher on Monday.
2022, August, 15, 12:40:00
OIL PRICE: BRENT NEAR $96, WTI NEAR $90
Brent fell $1.14, or 1.2%, to $97.01 a barrel, WTI was at $91.03 a barrel, down $1.06, or 1.2%.
2022, August, 15, 12:35:00
OPEC OIL PRICE: $103.20
The price of OPEC basket of thirteen crudes stood at $103.20 a barrel
2022, August, 15, 12:30:00
EUROPEAN HUNGRY WINTER
When Russia invaded Ukraine in March, things went from tightness of supply to impending disaster. Russia, through a complex network of pipelines, is the principal supplier of natural gas to Europe and all petroleum products to Germany. Now it has curtailed normal flows.
2022, August, 15, 12:25:00
EUROPEAN ENERGY APOCALYPSE
Berlin is already under serious pressure after Russia cut flows through Nord Stream 1, the key connector with Europe, which is currently running at just 20 per cent capacity.
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
2022, August, 15, 12:05:00
U.S. RIGS DOWN 1 TO 763
U.S. Rig Count is down 1 from last week to 763, Canada Rig Count is down 2 from last week to 201.
2022, August, 12, 09:10:00
OIL PRICE: BRENT NEAR $99, WTI NEAR $94
Brent fell 49 cents, or 0.5%, to $99.11 a barrel, WTI fell 50 cents, or 0.5%, to $93.84 a barrel.
2022, August, 12, 09:05:00
OPEC OIL PRICE: $101.29
The price of OPEC basket of thirteen crudes stood at $101.29 a barrel