Upstream
2023, June, 16, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $70
Brent dipped 17 cents, or 0.2%, to $75.50 a barrel, WTI dropped 16 cents, also 0.2%, to $70.46 a barrel.
2023, June, 16, 06:40:00
TEXAS ENERGY AMBIGUITY
Believe it or not, the concept of reserve power is a foreign one in Texas. The bill passed with a caveat: any increase in costs could not exceed $1 billion annually.
2023, June, 16, 06:35:00
TEXAS ENERGY CREAK
The city council in Austin, Texas is on the verge of signing on to the Fossil Fuel Non-Proliferation Treaty (FFNPT), a global campaign calling on countries to phase out fossil fuel production and help communities make the transition to a renewable energy economy.
2023, June, 16, 06:25:00
U.S. OIL INVENTORIES UP BY 7.9 MB TO 467.1 MB
U.S. commercial crude oil inventories increased by 7.9 million barrels to 467.1 million barrels.
2023, June, 9, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI NEAR $71
Brent dropped 35 cents, or 0.5%, to $75.61 a barrel, WTI eased 35 cents, or 0.5%, to $70.94.
2023, June, 9, 06:55:00
ОПЕК+ РОССИЯ: 40,46 МБД
Страны-участницы договорились о корректировке уровня добычи нефти с 1 января по 31 декабря 2024 года до 40,46 млн баррелей в сутки.
2023, June, 9, 06:50:00
OPEC+ RUSSIA: 40.46 MBD
Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.
2023, June, 9, 06:40:00
OIL PRICES 2023-24: $79 - $84
The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.
2023, June, 9, 06:35:00
SAUDI ARABIA OIL PRODUCTION DOWN 1 MBD
The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.
2023, June, 9, 06:05:00
U.S. OIL INVENTORIES DOWN BY 0.5 MB TO 459.2 MB
U.S. commercial crude oil inventories decreased by 0.5 million barrels to 459.2 million barrels.
2023, June, 9, 06:00:00
WORLDWIDE RIG COUNT DOWN 25 TO 1,783
The Worldwide Rig Count for May was 1,783, down 25 from the 1,808 counted in April 2023, and up 155, from the 1,628 counted in May 2022.
2023, June, 2, 07:00:00
OIL PRICE: BRENT ABOVE $74, WTI ABOVE $70
Brent rose 34 cents, or 0.46% to $74.62 a barrel, WTI rose 30 cents, or 0.43%, to $70.40.
2023, June, 2, 06:25:00
OIL ENTROPY
Voluntary production cuts by some members of OPEC is due this coming month. Russia lifts levy on Oil & Gas firms amid G7 Price cap on Crude Oil.
2023, June, 2, 06:05:00
U.S. OIL INVENTORIES UP BY 4.5 MB TO 459.7 MB
U.S. commercial crude oil inventories increased by 4.5 million barrels to 459.7 million barrels.
2023, May, 26, 07:00:00
OIL PRICE: BRENT NEAR $76, WTI ABOVE $71
Brent fell 30 cents to $75.96 a barrel, WTI was down by 14 cents at $71.69 a barrel.