Analysis
2024, May, 15, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI ABOVE $78
Brent were up 34 cents, or 0.4% at $82.71 a barrel, WTI rose 38 cents, or 0.5%, to $78.39 a barrel.
2024, May, 15, 06:55:00
GLOBAL OIL DEMAND +2.2 MBD
The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.
2024, May, 15, 06:30:00
COMMODITIES : RUNNING AMOK
The OECD's growth forecast for Russia has been significantly revised upward—from 1.8% to 2.6% for this year, placing it sixth globally.
2024, May, 14, 07:00:00
OIL PRICE: BRENT BELOW $84, WTI ABOVE $79
Brent inched 4 cents higher to $83.40 a barrel, WTI rose 5 cents to $79.17 a barrel.
2024, May, 14, 06:55:00
RUSSIAN OIL EXPORTS UP
Total Russian seaborne crude exports reached 3.9 million-4 million b/d in March and April, boosted by multi-month high shipments to India, and around the highest since Russia invaded Ukraine in February 2022.
2024, May, 14, 06:40:00
AUSTRALIAN COAL IS NEEDED
Australia's total coking coal exports are expected to increase by 14% from 2023 levels to 171.9 million mt in 2025,
2024, May, 14, 06:35:00
CHINA NEED GAS & COAL
Even as China has dramatically ramped up wind and solar in recent years, its power demand, including from electric vehicles, continues to outpace new supply, creating an ever greater need for fossil fuels.
2024, May, 8, 07:00:00
OIL PRICE: BRENT BELOW $83, WTI ABOVE $78
Brent fell 30 cents, or 0.36%, to $82.86 a barrel, WTI fell 25 cents, or 0.32%, to $78.13 a barrel.
2024, May, 8, 06:55:00
RUSSIAN OIL REVENUE UP TWICE
Proceeds for the Russian budget from oil-related taxes jumped to 1.053 trillion rubles ($11.5 billion) last month compared to nearly 497 billion rubles in April 2023, according to Bloomberg calculations based on Finance Ministry data. Total oil and gas revenues in April increased nearly 90% year-on-year, to 1.23 trillion rubles, according to the data.
2024, May, 7, 07:00:00
OIL PRICE: BRENT BELOW $84, WTI NEAR $79
Brent were up 23 cents, or 0.28%, at $83.56 per barrel , WTI rose 24 cents, or 0.31%, to $78.72 a barrel.
2024, May, 7, 06:35:00
GLOBAL NUCLEAR ENERGY RISKS
The nuclear energy future that is being proposed now – small, flexible reactors distributed everywhere for many uses besides electricity – will not reduce, but will add to the
national security risks that are unique to nuclear energy. On top of this, cooperation among key states essential to minimize the safety, security and proliferation risks of nuclear energy is at an all-time low.
2024, May, 7, 06:25:00
U.S. ELECTRICITY DEFICIT
For 20 years, US electrical power policy has been dominated by efforts to try to “mitigate” global warming, believed to be caused by human greenhouse gas emissions.
2024, May, 6, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI ABOVE $78
Brent climbed 28 cents, or 0.3%, to $83.24 a barrel , WTI were at $78.40 a barrel, up 29 cents, or 0.4%.
2024, May, 6, 06:15:00
WORLDWIDE RIG COUNT DOWN 67 TO 1,726
The Worldwide Rig Count for April was 1,726, down 67 from the 1,793 counted in March 2024, and down 82,from the 1,808 counted in April 2023.
2024, May, 3, 07:00:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $79
Brent rose 16 cents to $83.83 a barrel, WTI rwas up 19 cents to $79.14 per barrel.