Analysis
![Analysis](/cache/06-22/price-00110.46cc7454.jpg)
2022, June, 22, 09:55:00
GERMANY'S GAS RECESSION
The EU relied on Russia for as much as 40% of its gas needs before the war - rising to 55% for Germany - leaving a huge gap to fill in an already tight global gas market.
![Analysis](/cache/06-22/price-00107.333a5389.jpg)
2022, June, 21, 15:05:19
OIL PRICE: BRENT ABOVE $115, WTI ABOVE $110
Brent rose $1.23, or 1.1%, to $115.36 a barrel, WTI rose $1.57, or 1.4%, to $111.13.
![Analysis](/cache/06-22/price-00109.6c87db19.jpg)
2022, June, 21, 15:00:00
OPEC OIL PRICE: $113.54
The price of OPEC basket of thirteen crudes stood at $113.54 a barrel
![Analysis](/cache/06-22/china-095.e1754e13.jpg)
2022, June, 21, 14:50:00
CHINA'S LPG UP
The US remained China's biggest LPG supplier, sending 648,155 mt in May, but the volume dropped by 13.8% month on month, and fell by 16.3% year on year, customs data showed.
![Analysis](/cache/06-22/korea-47.11e290a1.jpg)
2022, June, 21, 14:45:00
RUSSIAN OIL FOR S. KOREA DOWN
Although there are still some Russian crude supplies tied to quarterly and half-yearly term contracts, South Korea will eventually halt Russian oil purchases
![Analysis](/cache/06-22/norway-056.76404df3.jpg)
2022, June, 21, 14:15:00
NORWAY OIL, GAS PRODUCTION 1.831 MBD
Preliminary production figures for May 2022 show an average daily production of 1 831 000 barrels of oil, NGL and condensate.
![Analysis](/cache/06-22/price-00105.5bc7eb66.jpg)
2022, June, 20, 12:55:00
OIL PRICE: BRENT NEAR $113, WTI NEAR $110
Brent rose 42 cents, or 0.4%, to $113.54 a barrel, WTI was at $109.85 a barrel, up 29 cents, or 0.3%.
![Analysis](/cache/06-22/price-00102.32628a49.jpg)
2022, June, 20, 12:50:00
OPEC OIL PRICE: $118.97
The price of OPEC basket of thirteen crudes stood at $118.97 a barrel
![Analysis](/cache/06-22/russia-0141.337d6106.jpg)
2022, June, 20, 12:25:00
RUSSIAN OIL FOR CHINA UP
Crude imports rose 55% from a year ago to 8.42 million tons, with Russia overtaking Saudi Arabia as China’s main source of oil, according to customs data released on Monday.
![Analysis](/cache/06-22/price-0098.327125ca.jpg)
2022, June, 20, 12:20:00
EUROPEAN GAS PRICES RISE
Supply is likely to remain curbed with Gazprom PJSC’s chief Alexey Miller warning there’s no solution for now for issues with the gas turbines essential for the functioning of the pipeline.
![Analysis](/cache/06-22/price-00100.4663f8b9.jpg)
2022, June, 20, 12:00:00
U.S. NEED FINANCIAL STABILITY
Despite experiencing a series of adverse shocks—higher-than-expected inflation, the ongoing supply disruptions related to COVID-19, and Russia’s invasion of Ukraine—the financial system has been resilient, though portions of the commodities markets temporarily experienced elevated levels of stress.
![Analysis](/cache/06-22/price-0097.8cda19ec.jpg)
2022, June, 20, 11:55:00
U.S. ENERGY DEFICIT
Just when it didn’t seem things couldn’t get worse — gasoline at $5 to $8 a gallon, supply shortages in everything from baby formula to new cars — comes the devastating news that many of us will endure electricity blackouts this summer.
![Analysis](/cache/06-22/usa-0139.b7a03e02.jpg)
2022, June, 20, 11:50:00
U.S. INTERMITTENT WIND
Since the wind turbine capacity factors are in the 40-50% range, their annual potential output is typically half, or less, of the annual potential output of a conventional generator of the same rating plate capacity.
![Analysis](/cache/06-22/rig-054.71eb3834.jpg)
2022, June, 20, 11:30:00
U.S. RIGS UP 7 TO 740
U.S. Rig Count is up 7 from last week to 740, Canada Rig Count is up 15 from last week to 156.
![Analysis](/cache/06-22/price-0099.3d99971c.jpg)
2022, June, 17, 14:10:44
OIL PRICE: BRENT ABOVE $120, WTI NEAR $118
Brent was up $1.13, or 0.9%, to $120.94 a barrel, WTI gained $1.03, or 0.9%, to $118.62.