August 2023

Brent fell 16 cents, or 0.2%, to $83.20 a barrel, WTI fell 18 cents, or 0.2%, to $78.91 a barrel.

«Китай и Индия – наши стратегические партнёры в части выстраивания нового, справедливого энергорынка и торговой инфраструктуры. Россия остаётся крупнейшим поставщиком нефти в Китай и Индию, экспортируются и другие энергоносители – газ, уголь», –

Стороны обсудили возможности расширения сотрудничества в отраслях ТЭК, в том числе в нефтегазовой сфере, электро- и гидроэнергетике.

While South Africa and Russia back the addition of new members, India is wary of the group becoming a mouthpiece for China, and Brazil is worried about alienating the West.

Saudi Arabia's crude shipment to China are averaging 1.9 million b/d in August, up from 1.3 million b/d a month earlier, while Russia inflows are at 1.38 million b/d, up on month from 1.36 million b/d, according to Kpler shipping data. Imports from Saudi Arabia were at a 12-month low of 1.33 million b/d in July, while Russian shipments dropped to 1.91 million b/d in the month, the lowest since April, China General Administration of Customs data showed.

The Brent crude oil spot price averages $85 per barrel (b) in August. The Brent price averaging $86/b in the second half of 2023 (2H23).

The benefits of EVs are economical, social, and personal. EV efficiency models show the prices of gas per mile keep rising, while the price of killoWatt hours (kWh) of batter-powered motor travel remains steady.

By focusing on EV technology, load management, infrastructure support, regulatory frameworks, customer collaboration, and impactful communications, we can accelerate the transition to cleaner and more sustainable transportation systems.

Preliminary production figures for July 2023 show an average daily production of 2 036 000 barrels of oil, NGL and condensate.

Brent fell 4 cents to $86.36 a barrel, WTI were down 2 cents at $82.80 a barrel.