Analysis
2022, October, 17, 12:15:00
U.S. RIGS DOWN 7 TO 769
U.S. Rig Count is up 7 from last week to 769, Canada Rig Count is up 1 from last week to 216.
2022, October, 17, 12:10:00
U.S. OIL INVENTORIES UP BY 9.9 MB TO 439.1 MB
U.S. commercial crude oil inventories increased by 9.9 million barrels to 439.1 million barrels.
2022, October, 13, 13:20:00
OIL PRICE: BRENT BELOW $93, WTI BELOW $88
Brent rose 49 cents, or 0.5%, to $92.94 a barrel , WTI was up 37 cents, or 0.4%, at $87.64 a barrel.
2022, October, 13, 12:55:00
GLOBAL OIL DEMAND +2.6 MBD
Global oil demand for 2022 is now expected to grow by about 2.6 mb/d.
2022, October, 13, 12:50:00
OIL PRICES 2022-23: $93 - $95
The Brent crude oil spot price averages $93 per barrel (b) in the fourth quarter of 2022 (4Q22) and $95/b in 2023.
2022, October, 12, 12:30:00
OIL PRICE: BRENT BELOW $95, WTI BELOW $90
Brent were down 2 cents, or 0.02%, to $94.27 a barrel, WTI was at $89.14 a barrel, down 21 cents, or 0.24%.
2022, October, 11, 17:45:00
OIL PRICE: BRENT ABOVE $94, WTI ABOVE $89
Brent was down $1.63, or 1.7%, to $94.56 a barrel, WTI dropped $1.82, or 2%, to $89.31.
2022, October, 11, 17:30:00
OPEC+ STABILIZE MARKETS
The OPEC+ alliance, co-chaired by Russia and Saudi Arabia, last week agreed to cut its production by 2 million barrels a day, the biggest reduction since 2020.
2022, October, 10, 12:55:00
OIL PRICE: BRENT NEAR $97, WTI NEAR $92
Brent was down 77 cents, or 0.8%, at $97.15 a barrel, WTI was at $92 a barrel, down 64 cents, or 0.7%.
2022, October, 10, 12:50:00
EUROPEAN GAS PRICES DOWN ANEW
Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1.
2022, October, 10, 12:45:00
EUROPEAN GAS PRICES LIMITS
Europe's gas price benchmark, the TTF month-ahead contract, traded Oct. 7 below Eur160/MWh, more than 50% lower than peaks seen in late August.
2022, October, 10, 12:40:00
GLOBAL CLIMATE WITHOUT CRISIS
The nations which are home to more than half of the world’s population are not treating climate change as a crisis.
2022, October, 10, 12:35:00
IRAQ OIL EXPORTS 3.3 MBD
Iraq's Ministry of Oil has announced preliminary oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August.
2022, October, 10, 12:30:00
U.S. EMPLOYMENT UP BY 263,000
Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported
2022, October, 10, 12:25:00
INDIA'S SOLAR CAPACITY 3.2 GW
By the end of fiscal year 2023, we expect cumulative residential rooftop solar capacity to reach 3,214MW, nearly a 60% year-on-year increase.
