Analysis
2022, May, 30, 11:40:00
OPEC OIL PRICE: $118.84
The price of OPEC basket of thirteen crudes stood at $118.84 a barrel on Friday,
2022, May, 30, 10:55:00
U.S. RIGS DOWN 1 TO 727
U.S. Rig Count is is down 1 from last week to 727, Canada Rig Count is up 15 from last week to 103.
2022, May, 27, 12:40:00
OIL PRICE: BRENT ABOVE $118, WTI ABOVE $114
Brent was up 58 cents, or 0.5%, at $117.98 , WTI rose 27 cents, or 0.2%, at $114.36 a barrel.
2022, May, 27, 12:35:00
OPEC OIL PRICE: $116.50
The price of OPEC basket of thirteen crudes stood at $116.50 a barrel on Thursday
2022, May, 27, 12:30:00
HIGH GAS PRICES
Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis.
2022, May, 27, 12:25:00
MORE RUSSIAN OIL FOR CHINA, INDIA
A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.
2022, May, 27, 12:20:00
RUSSIAN OIL FOR CHINA UP ANEW
China has emerged as a willing buyer of Russian oil as others shun the OPEC+ producer’s energy due to the war in Ukraine.
2022, May, 27, 12:15:00
GLOBAL LNG UNCERTAINTY
Some key questions include how much gas or LNG will move from North America to Europe and how much gas demand will move in the opposite direction and when it comes to Europe,
2022, May, 27, 12:00:00
U.S. OIL INVENTORIES DOWN BY 1.0 MB TO 419.8 MB
U.S. commercial crude oil inventories decreased by 1.0 million barrels to 419.8 million barrels.
2022, May, 26, 12:40:00
OIL PRICE: BRENT ABOVE $114, WTI NEAR $111
Brent gained 47 cents, or 0.41%, to $114.50 a barrel , WTI climbed 53 cents, or 0.48%, to $110.86 a barrel.
2022, May, 26, 12:15:00
GAS IS CRITICAL FOR THE GLOBAL ENERGY SYSTEM
Gas will be critical for an achievable, affordable, sustainable, and secure decarbonization of the global energy system.
2022, May, 25, 11:45:00
OIL PRICE: BRENT ABOVE $114, WTI ABOVE $112
Brent rose 44 cents, or 0.4%, to $114.00 a barrel, WTI rose 51 cents, or 0.5%, to $110.28 a barrel.
2022, May, 25, 11:40:00
OPEC OIL PRICE: $114.96
The price of OPEC basket of thirteen crudes stood at $114.96 a barrel on Tuesday
2022, May, 25, 11:35:00
STRENGTHENING THE RUSSIAN FINANCIAL SYSTEM
The Russian economy ministry forecasts an average Urals price of $80.10/b in 2022.
2022, May, 25, 11:30:00
INDIA REDUCES OIL PRICES
India's federal government decided to cut the excise duty on petrol and diesel in an attempt to rein in high levels of inflation.
