Analysis
2021, July, 28, 11:05:00
OIL PRICE: NOT ABOVE $75 AGAIN
Brent rose 38 cents, or 0.5%, to $74.86 a barrel , WTI were up 42 cents, or 0.6%, at $72.07 a barrel.
2021, July, 28, 11:00:00
U.S. OIL EXPORTS UP
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.
2021, July, 28, 10:55:00
U.S. GAS PRICES UP
Tighter U.S. natural gas supply and demand balances in recent months contributed to price increases.
2021, July, 28, 10:50:00
U.S. LNG EXPORTS RECORD
U.S. LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather.
2021, July, 28, 10:45:00
U.S. OIL INVENTORIES UP 2.1 MB TO 439.7 MB
U.S. commercial crude oil inventories increased by 2.1 million barrels from the previous week to 439.7 million barrels.
2021, July, 28, 10:40:00
CHINA SUPPORTS COAL
Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions continue to withdraw from coal.
2021, July, 28, 10:25:00
PHILIPPINES ENERGY CHANGES
Filipino households pay on average $0.189 (PHP9.5) per kilowatt-hour—the highest rate in Southeast Asia by far.
2021, July, 27, 11:10:00
OIL PRICE: NOT ABOVE $75 ANEW
Brent climbed 34 cents, or 0.46%, to $74.84 a barrel , WTI rose 20 cents, or 0.28%, to $72.11 a barrel.
2021, July, 27, 10:45:00
U.S. RENEWABLES 50%
Reaching 50% renewables by the end of this decade would still remain well short of President Biden's call for 80% clean power by 2030 (assuming "clean" means "renewable" and does not include nuclear power or fossil fuels with carbon capture).
2021, July, 27, 10:20:00
U.S. RIGS UP 7 TO 491
U.S. Rig Count is up 7 from last week to 491, Canada Rig Count is down 1 from last week to 149.
2021, July, 9, 12:30:00
OIL PRICE: NOT ABOVE $75
Brent were up 60 cents, or 0.8%, at $74.72 a barrel , WTI were up 69 cents, or 1%, at $73.63.
2021, July, 9, 12:25:00
ASIA NEED MORE LNG
The spot and long-term LNG pricing dynamics have shifted dramatically from 2020 to 2021, with record lows to record highs recorded in a period of nine months.
2021, July, 9, 12:20:00
U.S. OIL INVENTORIES DOWN 6.9 MB TO 445.5 MB
U.S. commercial crude oil inventories decreased by 6.9 million barrels from the previous week to 445.5 million barrels.
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
