News
2022, December, 19, 11:35:00
U.S. RIGS DOWN 4 TO 776
U.S. Rig Count is down 4 from last week to 776, Canada Rig Count is down 3 from last week to 199.
2022, December, 16, 12:45:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $74
Brent fell 14 cents, or 0.2%, to $81.07 per barrel, WTI slipped 22 cents, or 0.3%, to $75.89.
2022, December, 16, 12:40:00
GLOBAL OIL DEMAND UP BY 2.3 MBD
The IEA predicts oil demand will rise by 2.3 million b/d in 2022 and by a further 1.7 million b/d in 2023, noting the contrast between strong gasoil and diesel use, especially in non-OECD economies, and weak petrochemical consumption in Europe and Asia.
2022, December, 16, 12:35:00
EUROPEAN GAS PRICES DOWN AGAIN
Dutch front-month gas futures, a European benchmark, were 5% lower at €128 a megawatt-hour at 8:40 a.m. in Amsterdam.
2022, December, 16, 12:15:00
OIL: LOCK, STOCK & TWO SMOKING BARRELS
OPEC is also in protection of the $80/bbl price floor and I'd suggest to get the buys in at mid 75s to low 72s on the #CL being a value trader coming into 2023.
2022, December, 16, 12:10:00
GAZPROM PRODUCTION DOWN 19.6%
According to preliminary data, Gazprom produced 394.1 billion cubic meters of gas from January 1 through December 15, 2022. This is a decrease of 19.6 per cent (or 96.3 billion cubic meters) versus the same period of last year.
2022, December, 16, 12:05:00
U.S. OIL INVENTORIES UP BY 10.2 MB TO 424.1 MB
U.S. commercial crude oil inventories increased by 10.2 million barrels to 424.1 million barrels.
2022, December, 16, 12:00:00
U.S. FEDERAL FUNDS RATE 4.25 - 4.50%
The Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent.
2022, December, 14, 13:10:00
OIL PRICE: BRENT ABOVE $80, WTI ABOVE $75
Brent dropped 17 cents, or 0.2%, to $80.51 per barrel, WTI fell 3 cents to $75.36.
2022, December, 14, 12:55:00
INDIA'S NUCLEAR WILL UP
The present installed nuclear power capacity comprises of 22 reactors with a total capacity of 6780MWe. In addition, one reactor, KAPP-3 (700MWe) has recently been connected to the grid.
2022, December, 14, 12:50:00
RUSSIAN URANIUM FOR BRAZIL
This is Rosatom’s first long-term contract with Brazil for the supply of enriched uranium products in the history opening access to the largest market for uranium products in the Latin American region.
2022, December, 14, 12:45:00
U.S. NUCLEAR FUSION REACTION
NIF scientists readily acknowledge that the facility was not designed with commercial fusion energy in mind—and many researchers doubt that laser-driven fusion will be the approach that ultimately yields fusion energy.
2022, December, 14, 12:40:00
U.S. CARBON DIOXIDE REMOVING $3.7 BLN
The programs, funded with $3.7 billion from President Biden’s Bipartisan Infrastructure Law, will help accelerate private-sector investment, spur advancements in monitoring and reporting practices for carbon management technologies, and provide grants to state and local governments to procure and use products developed from captured carbon emissions.
2022, December, 13, 14:00:00
OIL PRICE: BRENT NEAR $79, WTI NEAR $74
Brent rose $1.33, or 1.7%, to $79.32 per barrel, WTI gained $1.15, or 1.6%, to $74.32.
2022, December, 13, 13:55:00
RUSSIAN OIL TO ASIA 3 MBD
Export loadings of Russian crude averaged 3.02 million b/d in the week ending Dec. 11, little changed from the week before and in line with the November average of 3.07 million b/d