Analysis
2022, July, 5, 12:15:00
RUSSIAN GAS FOR EUROPE DOWN
Russian pipeline exports to Europe in June via its main operational corridors -- Nord Stream, Ukraine and the TurkStream string to Europe -- totaled just 4.69 Bcm, down 41% compared with supplies of 7.93 Bcm in May,
2022, July, 5, 12:10:00
GLOBAL CHAOTIC ENERGY TRANSITION
Revolutions are messy things. Once underway, they get a life of their own. There is confusion and mistakes are made at the barricades. But once underway, they can’t be turned back; yesterday can’t be summoned rule tomorrow.
2022, July, 5, 11:55:00
STRONG OIL VOLATILITY
Last week we saw major volatility on the Oil tabs especially on the Bearish alignment,as the rangebound zones maintained within the Crude Oil WTI
2022, July, 5, 11:45:00
WORLDWIDE RIG COUNT UP 78 TO 1,706
The Worldwide Rig Count for May was 1,706, up 78 from the 1,628 counted in May 2022,and up 381 from the 1,325 counted in May 2021.
2022, July, 5, 11:40:00
U.S. RIGS DOWN 3 TO 750
U.S. Rig Count is down 3 from last week to 750, Canada Rig Count is up 12 from last week to 166.
2022, July, 4, 13:10:00
OIL PRICE: BRENT ABOVE $111, WTI ABOVE $108
Brent fell 33 cents, or 0.3%, to $111.30 a barrel, WTI slipped 40 cents, or 0.4%, to $108.03.
2022, July, 4, 13:05:00
OPEC OIL PRICE: $113.20
The price of OPEC basket of thirteen crudes stood at $113.20 a barrel
2022, June, 28, 12:10:00
OIL PRICE: BRENT NEAR $117, WTI ABOVE $111
Brent climbed $1.9, or 1.7%, to $116.99, WTI rose $1.8, or 1.6%, to $111.36 a barrel.
2022, June, 28, 12:05:00
OPEC OIL PRICE: $112.35
The price of OPEC basket of thirteen crudes stood at $112.35 a barrel
2022, June, 28, 12:00:00
RUSSIA, EUROPE GAS REDUCTION
The European Commission will next month present a plan for EU countries to coordinate their preparations for further gas shocks, as Russia has already cut or reduced supplies to 12 of the bloc's 27 member states.
2022, June, 28, 11:30:00
U.S. SOLAR POWER 25%
US Energy Information Administration reports a capacity factor of 25% for solar generation.
2022, June, 27, 11:45:49
OIL PRICE: BRENT NEAR $113, WTI ABOVE $107
Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.
2022, June, 27, 11:40:00
INDIA NEED MORE OIL
"Today, nobody is bothering who is buying what from where. We are quite happy to source from as far as we can," a leading Indian oil ministry source said.
2022, June, 27, 11:30:00
U.S. RECESSION 2022 - 23
Based on the median projection for the policy rate published at the June FOMC meeting, we expect the U.S. economy will slow in 2022-23 but narrowly avoid a recession.
2022, June, 27, 11:00:00
U.S. RIGS UP 13 TO 753
U.S. Rig Count is up 13 from last week to 753, Canada Rig Count is down 2 from last week to 154.
