Analysis
![Analysis](/cache/07-23/price-152.504b19ce.jpg)
2023, July, 14, 06:55:00
OIL PRICES 2023-24: $80 - $84
The Brent crude oil spot price will average $80 per barrel (b) in 4Q23 and $84/b in 2024.
![Analysis](/cache/07-23/price-135.cf4bac7b.jpg)
2023, July, 14, 06:50:00
RUSSIAN OIL VS SANCTIONS
According to price reporting agency Argus Media, Urals crude topped $60 a barrel on Wednesday, climbing above the cap that the Group of Seven set last year in an attempt to restrict revenue to Moscow’s war machine.
![Analysis](/cache/07-23/price-160.4221fc43.jpg)
2023, July, 14, 06:45:00
RUSSIAN ENERGY REVENUES DOWN
The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.
![Analysis](/cache/07-23/price-162.11ac9f0b.jpg)
2023, July, 14, 06:35:00
QATAR LNG RECORD
About 40% of new global LNG output will come from Qatar by 2029, said Minister of Energy Saad al-Kaabi at the LNG 2023 conference.
![Analysis](/cache/07-23/usa-70.420a4bf2.jpg)
2023, July, 14, 06:20:00
U.S. OIL INVENTORIES UP BY 5.9 MB TO 458.1 MB
U.S. commercial crude oil inventories increased by 5.9 million barrels to 458.1 million barrels.
![Analysis](/cache/07-23/rig-39.4b478677.jpg)
2023, July, 14, 06:15:00
WORLDWIDE RIG COUNT UP 17 TO 1,800
The Worldwide Rig Count for June was 1,800, up 17 from the 1,783 counted in May 2023, and up 94, from the 1,706 counted in June 2022.
![Analysis](/cache/07-23/price-163.8f640f29.jpg)
2023, July, 7, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI NEAR $72
Brent were up 20 cents, or 0.3%, at $76.72 a barrel, WTI gained 19 cents, also 0.3%, to $71.99 a barrel.
![Analysis](/cache/07-23/price-158.911eb0f5.jpg)
2023, July, 7, 06:53:00
OPEC+ STABILIZE MARKET
UAE energy minister Suhail al-Mazrouei said the voluntary OPEC+ cuts would bear fruit soon and blamed the current market malaise on the disconnect between physical and paper traders.
![Analysis](/cache/07-23/price-147.27ec5b91.jpg)
2023, July, 7, 06:45:00
ЦЕНА URALS: $52.17
Средняя цена на нефть марки Urals в январе-июне 2023 года сложилась в размере $52,17 за баррель, в январе-июне 2022 года – $84,09 за баррель.
![Analysis](/cache/07-23/russia-59.60524e45.jpg)
2023, July, 7, 06:42:00
RUSSIAN CAPITAL FLIGHT
The ruble has grown more vulnerable after a deterioration in Russia’s external finances. Unlike last year, when the government earned a record windfall after a rally in commodity prices, export proceeds have fallen sharply in 2023.
![Analysis](/cache/07-23/price-157.e563a605.jpg)
2023, July, 7, 06:40:00
ДОХОДЫ РОССИИ МИНУС 30,3 МЛРД. РУБ.
Отклонение фактически полученных нефтегазовых доходов от ожидаемого месячного объема нефтегазовых доходов по итогам июня 2023 года составило -30,347 млрд руб.
![Analysis](/cache/07-23/europe-11.4ce99ed2.jpg)
2023, July, 7, 06:35:00
EUROPEAN GREEN ENERGY CRISIS & POLICY
By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).
![Analysis](/cache/07-23/russia-53.82451fcf.jpg)
2023, July, 7, 06:30:00
RUSSIA: SENTINEL OF THE GLOBAL BREAD BASKET
Oil-entropy is still ongoing,somewhat of a tug of war developing with a mix of SPR watch outs.At least the volume on the Geopolitics has toned down a bit,maybe on the 'baguette' side of life where protests have been rocking Paris.Taiwan presidential hopeful vows to maintain peace with China.
![Analysis](/cache/07-23/russia-58.ecec60d4.jpg)
2023, July, 7, 06:25:00
ФНБ РОССИИ $145,6 МЛРД.
По состоянию на 1 июля 2023 г. объем ФНБ составил 12 670 270,1 млн рублей, что эквивалентно 145 578,2 млн долл. США,
![Analysis](/cache/07-23/usa-69.7b7d67fa.jpg)
2023, July, 7, 06:15:00
U.S. OIL INVENTORIES DOWN BY 1.5 MB TO 452.2 MB
U.S. commercial crude oil inventories decreased by 1.5 million barrels to 452.2 million barrels.