2022-04-18 11:15:00
SUPPORT OF SAUDI ARABIA, RUSSIA
SPA - Jeddah, Apr. 16, 2022 -- His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, received a telephone call today from President Vladimir Putin of the Federal Republic of Russia.
During the telephone conversation, bilateral relations between the two countries and ways of enhancing them in all fields in a way that achieves the interests of the two countries and their friendly peoples were discussed.
For his part, HRH the Crown Prince asserted the support of the Kingdom of Saudi Arabia for efforts that would lead to a political solution to the crisis in Ukraine and achieve security and stability.
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Earlier:
2022, April, 15, 12:05:00
OIL PRICE: BRENT ABOVE $111, WTI ABOVE $106
Brent settled up $2.92, or 2.68%, at $111.70 a barrel, WTI closed $2.70 or 2.59% higher at $106.95 a barrel.
2022, April, 14, 12:20:00
OIL PRICE: BRENT NEAR $108, WTI ABOVE $103
Brent were down $1.14, or 1.1%, at $107.64 a barrel, WTI were off $1.32, or 1.3%, at $102.93 a barrel.
2022, April, 14, 12:15:00
OPEC OIL PRICE: $106.07
The price of OPEC basket of thirteen crudes stood at $106.07 a barrel on Wednesday
2022, April, 13, 13:00:00
OPEC OIL PRICE: $102.41
The price of OPEC basket of thirteen crudes stood at $102.41 a barrel on Tuesday
2022, April, 13, 12:55:00
GLOBAL OIL DEMAND 2022: +3.7 MBD
For 2022, world oil demand growth is revised down by 0.5 mb/d to stand at 3.7 mb/d, mostly reflecting the downward revision in world economic growth. Oil demand growth is forecast at 1.9 mb/d in the OECD and 1.8 mb/d in the non-OECD.
2022, April, 13, 12:50:00
OIL PRICES 2022: $108 - $102
The Brent price will average $108/b in 2Q22 and $102/b in the second half of 2022 (2H22).
2022, March, 4, 12:15:00
RUSSIA AND SAUDI ARABIA ENSURE STABILITY
During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.
