Analysis
2022, July, 15, 11:25:00
U.S. OIL INVENTORIES UP BY 3.3 MB TO 427.1 MB
U.S. commercial crude oil inventories increased by 3.3 million barrels to 427.1 million barrels.
2022, July, 14, 12:35:00
OIL PRICE: BRENT BELOW $98, WTI BELOW $94
Brent were down 18 cents to $99.39 a barrel, WTI was at $95.84 a barrel, down 43 cents.
2022, July, 13, 11:50:00
OIL PRICE: BRENT NEAR $100, WTI NEAR $97
Brent was up 73 cents, or 0.7%, at $100.22 a barrel, WTI gained 68 cents, or 0.7%, to $96.52.
2022, July, 13, 11:45:00
OIL PRICES 2022-23: $104 - $94
The spot price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast the Brent price will average $104/b in 2022 and $94/b in 2023.
2022, July, 13, 11:40:00
GLOBAL OIL DEMAND 2022 - 23: 100.3 - 103.0 MBD
Total oil demand is projected to average 100.3 mb/d. For 2023, world oil demand growth is expected to reach 2.7 mb/d to average 103.0 mb/d.
2022, July, 13, 11:20:00
NORD STREAM IS STOPPED
In June 2022 Gazprom had reduced gas supplies over the Nord Stream 1 pipeline to 67 mcm/d (24.5 bcm/year).
2022, July, 13, 11:15:00
RUSSIAN DIESEL FOR EUROPE
France, Germany and Poland continued to receive term diesel cargoes from Russia, while spot diesel cargoes that would typically supply the UK are now ending up in the Amsterdam-Rotterdam-Antwerp hub instead, with a few Primorsk cargoes also finding their way to Barcelona.
2022, July, 13, 11:10:00
GLOBAL LNG TRADE UP
Global LNG export capacity has increased by 29%, or 14.0 Bcf/d, over the past five years (2017–21).
2022, July, 11, 13:40:00
OIL PRICE: BRENT NEAR $105, WTI ABOVE $102
Brent fell $1.29, or 1.2%, to $105.73 a barrel, WTI declined by $1.78, or 1.7%, to $103.01.
2022, July, 11, 13:35:00
EUROPEAN GAS PRICES DOWN
Europe’s energy industry has been plunged further into turmoil since Russia deepened its supply cuts last month.
2022, July, 11, 13:30:00
CANADA WITHOUT RUSSIA SANCTIONS
Russia's Gazprom on June 16 cut gas supplies via the Nord Stream pipeline to Germany to just 40% of capacity, citing maintenance issues with gas turbines at the key Portovaya compressor station.
2022, July, 11, 13:25:00
THE VERSATILITY OF HYDROGEN
Hydrogen is becoming a more versatile fuel, however, and is receiving interest in energy storage, as a transportation fuel, as a fuel for electricity generation, and as a fuel for heating.
2022, July, 11, 13:20:00
BLUE HYDROGEN FOR CLIMATE
Green means the hydrogen has been made using electricity and from renewable sources. But as with electric cars, the environmental footprint is determined by the power mix carbon intensity if it is connected to the grid.
2022, July, 11, 13:05:00
U.S. RIGS UP 2 TO 752
U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.
2022, July, 8, 14:50:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $103
Brent rose 35 cents, or 0.3%, to $105.00 a barrel, WTI gained 19 cents, or 0.2%, to $102.92.