Analysis
2024, October, 2, 06:25:00
AUSTRALIA'S COAL EXPORTS DOWN
Amid the lower projections, the department said, "India remains the key export destination for Australian metallurgical coal along with Japan, with volumes remaining relatively stable for both."
2024, October, 1, 07:00:00
OIL PRICE: BRENT NEAR $72, WTI ABOVE $68 ANEW
Brent edged up 7 cents, or 0.1%, to $71.77 a barrel, WTI gained 8 cents, or 0.12%, to $68.25.
2024, October, 1, 06:45:00
OPEC UNCERTAINTY
Global oil demand is now expected to grow by 0.9 to 1.2 million barrels per day (mbpd) in 2024, down from previous estimates of 1 to 1.3 mbpd, as per the poll.
2024, October, 1, 06:40:00
RUSSIAN ENERGY FOR EUROPE
What many aren’t aware of is that Russia remains one of the continent’s most important energy suppliers, and the European Union’s goal to end its dependence on Russian fossil fuels by 2027 will be hard to achieve.
2024, October, 1, 06:35:00
RUSSIAN OIL: ANY PRICE
"We can live through any price," Novak told Al Arabiya News in an interview published on Monday.
2024, September, 30, 07:00:00
OIL PRICE: BRENT ABOVE $72, WTI ABOVE $68
Brent increased 51 cents, or 0.71%, to $72.49 a barrel, WTI added 43 cents, or 0.63%, to $68.61 a barrel.
2024, September, 30, 06:30:00
RUSSIAN OIL PRODUCTION 10.8 MBD
Energy ministry expected Russia to produce 540 million metric tons of oil in 2030 (10.8 million barrels per day), up from 531 million tons in 2023.
2024, September, 30, 06:25:00
SAUDIS DON'T NEED $100
The shift in thinking represents a major change of tack for Saudi Arabia, which has led other Opec+ members in repeatedly cutting output since November 2022 in an attempt to maintain high prices.
2024, September, 24, 07:00:00
OIL PRICE: BRENT ABOVE $74, WTI ABOVE $71
Brent were up 69 cents, or 0.93%, at $74.59 a barrel, WTI rose 74 cents, or 1.05%, to $71.11.
2024, September, 9, 07:00:00
OIL PRICE: BRENT NEAR $72, WTI ABOVE $68
Brent were up 99 cents, or 1.39%, at $72.05 a barrel, WTI rose $1, or 1.48%, to $68.67 a barrel.
2024, September, 9, 06:20:00
WORLDWIDE RIG COUNT UP 22 TO 1,735
The Worldwide Rig Count for August was 1,735, up 22 from the 1,713 counted in July 2024, and down 53, from the 1,788 counted in August 2023.
2024, September, 6, 07:00:00
OIL PRICE: BRENT NEAR $73, WTI ABOVE $69
Brent rose 19 cents, or 0.26%, to $72.88, WTI were up 22 cents, or 0.32%, to $69.37.
2024, September, 6, 06:20:00
GLOBAL MARKETS : TRIFLE TAWDRY
Our benchmark BRENT has slipped in further escalating talks of SPR replenishment vis a vis supply conversations amidst the Chinese Data and US PMI data.We are at the confluence of both head and tail winds friends.
2024, September, 3, 07:00:00
OIL PRICE: BRENT ABOVE $77, WTI ABOVE $73
Brent were down 37 cents, or 0.48%, to $77.15 a barrel. WTI was 28 cents up from its Friday close of $73.55.
2024, September, 3, 06:55:00
GLOBAL GAS DEMAND RISE
Global gas demand sustained its growth in 2023, increasing 59 Bcm (1.5%) from 2022. This trend is expected to continue in 2024 with a further estimated ~87 Bcm (2.1%) rise in demand.