Analysis
2022, March, 9, 13:30:00
OIL PRICES 2022-23: $117-$89
The Brent price will average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22). We expect the average price to fall to $89/b in 2023.
2022, March, 9, 13:10:00
U.S. RENEWABLE ELECTRICITY 21%
Combined, solar and wind grew by 15.96% and accounted for more than one-eighth (13.05%) of U.S. electrical generation (wind - 9.12%, solar - 3.93%).
2022, March, 9, 13:05:00
WORLDWIDE RIG COUNT UP 37 TO 1,669
The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.
2022, March, 9, 13:00:00
U.S. RIGS UP 0 TO 650
U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.
2022, March, 4, 12:20:00
OIL PRICE: NEAR $110
Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.
2022, March, 4, 12:05:00
U.S. COAL PRICES UP
The Northeast Asia thermal coal price assessment 5,750 NAR rose $28.23 on the session to $248.63/mt.
2022, March, 3, 14:40:00
OIL PRICE: NEAR $115
Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.
2022, March, 3, 14:05:00
U.S. OIL INVENTORIES DOWN BY 2.6 MB TO 413.4 MB
U.S. commercial crude oil inventories decreased by 2.6 million barrels from the previous week to 413.4 million barrels.
2022, March, 2, 11:45:00
OIL PRICE: ABOVE $111
Brent rose by as much as $8 and touched as high as $113.02 a barrel, before easing to $111.75, WTI were up $7.24, or 7%, to $110.67 a barrel.
2022, March, 2, 11:10:00
GERMANY ENERGY CHANGES
Germany will look into all options in response to the likely decrease or stop in Russian fossil fuel deliveries to Germany, including a longer run-time of nuclear and coal-fired power plants, even if those options are unlikely.
2022, March, 1, 12:20:00
OIL PRICE: NEAR $100
Brent advanced 1.8% to $99.7, WTI rose 1.6% to $97.28.
2022, February, 28, 13:25:00
OIL PRICE: ABOVE $102
Brent ose $4.16, or 4.3%, to $102.09, WTI was up $4.19, or 4.6%, at $95.78 a barrel.
2022, February, 28, 12:30:00
U.S. RIGS UP 5 TO 650
U.S. Rig Count is up 5 from last week to 650, Canada Rig Count is up 4 from last week to 224.
2022, February, 25, 11:50:00
OIL PRICE: ABOVE $101
Brent rose $2.81, or 2.8%, to $101.89 a barrel, WTI touched a high of $95.64 a barrel.
2022, February, 25, 11:10:00
U.S. OIL INVENTORIES UP BY 4.5 MB TO 416.0 MB
U.S. commercial crude oil inventories increased by 4.5 million barrels from the previous week to 416.0 million barrels.