Analysis
2022, March, 17, 16:50:00
OIL PRICES: $100 AND HIGHER
The price for WTI, the U.S. benchmark, will average $113/b in March and $112/b for the second quarter of 2022.
2022, March, 17, 16:30:00
U.S. FEDERAL FUNDS RATE 0.25 - 0.5%
The Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent and anticipates that ongoing increases in the target range will be appropriate.
2022, March, 16, 12:25:00
OIL PRICE: NEAR $102
Brent were last up $2.64, or 2.6%, at $102.55 a barrel, WTI rose $1.91, or 2%, to stand at $98.35 a barrel.
2022, March, 16, 12:15:00
GLOBAL OIL DEMAND 2022: +4.2 MBD
The 2022 forecast for global oil demand growth remains under assessment at 4.2 mb/d, with OECD forecast at 1.9 mb/d and non-OECD at 2.3 mb/d.
2022, March, 15, 15:25:00
OIL PRICE: NEAR $100 AGAIN
Brent were down $8.90, or 8.3%, to $98 a barrel, WTI was down $8.97, or 8.7%, to $94.04 a barrel.
2022, March, 15, 15:20:00
RUSSIA IS A KEY
In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.
2022, March, 14, 11:55:00
OIL PRICE: NEAR $110 ANEW
Brent were last down by $3.81 or 3.4% at $108.86 a barrel, WTI eased $3.85 or 3.5% to $105.48 a barrel.
2022, March, 14, 11:45:00
EUROPE WITHOUT RUSSIAN GAS
As it stands, Russia supplies some on average 1,600TWh of gas per year to Europe which represents 40% of Europe’s needs.
2022, March, 14, 11:35:00
THE NEW U.S. RENEWABLES 81%
Renewable facilities added 23,639 megawatts (MW) of new generating capacity last year with solar and wind providing 12,804-MW and 10,754-MW respectively.
2022, March, 14, 11:20:00
U.S. RIGS UP 13 TO 663
U.S. Rig Count is up 13 from last week to 663, Canada Rig Count is down 11 from last week to 206.
2022, March, 11, 12:40:00
OIL PRICE: NEAR $112
Brent climbed $2.48, or 2.27%, to $111.81 a barrel, WTI were up $2, or 1.89%, to $108.02 a barrel.
2022, March, 11, 12:05:00
U.S. OIL INVENTORIES DOWN BY 1.9 MB TO 411.6 MB
U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.
2022, March, 10, 11:10:00
OIL PRICE: NEAR $115 ANEW
Brent were up $2.53, or 2.28%, at $113.67 a barrel, WTI were up $1.64, or 1.51%, at $110.34 a barrel.
2022, March, 10, 11:00:00
AUSTRALIA'S COAL PRICES UP
The Newcastle 5,500 kcal/kg NAR coal with 23% ash hit a fresh record high $295/mt FOB March 9, the highest since the grade was first assessed in August 2017,
2022, March, 9, 13:50:00
OIL PRICE: ABOVE $126
Brent was up $1.68, or 1.3%, at $129.66 a barrel, WTI was up $1.60, or 1.3%, to $125.30.