Analysis
2022, August, 1, 10:25:00
U.S. RENEWABLES RISES AGAIN
For the first five months of 2022, solar, wind, and other renewable energy sources provided 25.7% of U.S. electricity – more than either coal or nuclear power and up from 22.9% a year earlier.
2022, August, 1, 10:15:00
U.S. OIL INVENTORIES DOWN BY 4.5 MB TO 422.1 MB
U.S. commercial crude oil inventories decreased by 4.5 million barrels to 422.1 million barrels.
2022, August, 1, 10:10:00
U.S. RIGS UP 9 TO 767
U.S. Rig Count is up 9 from last week to 767, Canada Rig Count is up 9 from last week to 204.
2022, July, 26, 10:55:00
OIL PRICE: BRENT NEAR $107, WTI ABOVE $98
Brent rose $1.66, or 1.6%, to $106.81 a barrel, WTI increased $1.47, or 1.5%, to $98.17 a barrel.
2022, July, 26, 10:50:00
OPEC OIL PRICE: $107.66
The price of OPEC basket of thirteen crudes stood at $107.66 a barrel
2022, July, 26, 10:25:00
U.S. LNG EXPORTS GROWTH
Most U.S. LNG exports went to the EU and the UK during the first five months of this year, accounting for 71%, or 8.2 Bcf/d, of the total U.S. LNG exports
2022, July, 26, 10:15:00
BASELOAD/ RENEWABLES REPLACEMENT
The transition to a renewable plus storage grid would require replacement of baseload coal generation and perhaps nuclear generation as well.
2022, July, 26, 10:10:00
U.S. OIL INVENTORIES DOWN BY 0.4 MB TO 426.6 MB
U.S. commercial crude oil inventories decreased by 0.4 million barrels to 426.6 million barrels.
2022, July, 26, 10:05:00
U.S. RIGS UP 2 TO 758
U.S. Rig Count is up 2 from last week to 758, Canada Rig Count is up 4 from last week to 195.
2022, July, 21, 14:10:00
OIL PRICE: BRENT NEAR $102, WTI NEAR $95
Brent lost $5.13, or 4.8%, to $101.79 a barrel, WTI were down $5.05, or 5.06%, at $94.83.
2022, July, 21, 14:00:00
INDIA'S LPG RECORD
Steady inflows have lengthened waiting times for Very Large Gas Carriers to discharge at India's terminals,
2022, July, 21, 13:40:00
U.S. RIGS UP 4 TO 756
U.S. Rig Count is up 4 from last week to 756, Canada Rig Count is up 16 from last week to 191.
2022, July, 15, 12:05:00
OIL PRICE: BRENT NEAR $99, WTI NEAR $95
Brent rose 94 cents, or 1.0%, to $100.04 a barrel, WTI rose 63 cents, or 0.7%, to $96.41 a barrel.
2022, July, 15, 11:55:00
U.S. GAS PRICE DOUBLED
During the past 12 months (July 2021–June 2022), the monthly average Henry Hub natural gas spot price, which is a U.S. benchmark, nearly doubled
2022, July, 15, 11:50:00
CHINA'S OIL THROUGHPUT UPDOWN
As a result, China's crude throughput in June rose a further 1.9% month on month to 54.94 million mt in May, when the volume had rebounded 4.1% from a 35-month low of 51.81 million mt in April,
