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2023, April, 28, 06:05:00
U.S. OIL INVENTORIES DOWN BY 5.1 MB TO 460.9 MB
U.S. commercial crude oil inventories decreased by 5.1 million barrels to 460.9 million barrels.
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2023, April, 21, 07:00:00
OIL PRICE: BRENT NEAR $81, WTI ABOVE $77
Brent were down by 13 cents, or 0.2%, at $80.97 a barrel, WTI slid 9 cents, or 0.1%, to $77.28 a barrel.
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2023, April, 21, 06:20:00
U.S. OIL INVENTORIES DOWN BY 4.6 MB TO 466.0 MB
U.S. commercial crude oil inventories decreased by 4.6 million barrels to 466.0 million barrels.
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2023, April, 14, 07:45:00
OIL PRICE: BRENT ABOVE $86, WTI ABOVE $82
Brent climbed 34 cents, or 0.39%, to $86.43 per barrel, WTI rose 40 cents, or 0.49%, to $82.56.
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2023, April, 14, 07:40:00
GLOBAL OIL DEMAND WILL UP BY 2.3 MBD ANEW
For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.
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2023, April, 14, 06:55:00
U.S. OIL INVENTORIES UP BY 0.6 MB TO 470.5 MB
U.S. commercial crude oil inventories increased by 0.6 million barrels to 470.5 million barrels.
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2023, April, 14, 06:50:00
WORLDWIDE RIG COUNT DOWN 43 TO 1,879
The Worldwide Rig Count for March was 1,879, down 43 from the 1,921 counted in February 2023, and up 218, from the 1,661 counted in March 2022.
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2023, April, 14, 06:40:00
U.S. OIL INVENTORIES DOWN BY 3.7 MB TO 470.0 MB
U.S. commercial crude oil inventories decreased by 3.7 million barrels to 470.0 million barrels.
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2023, April, 7, 07:40:00
OIL PRICE: BRENT NEAR $85, WTI ABOVE $80
Brent settled up 13 cents, or 0.2%, at $85.12 a barrel, WTI closed 9 cents, or 0.1%, higher at $80.70.
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2023, April, 7, 07:30:00
OPEC+: (- 3.6) MBD
This will bring the total additional voluntary production adjustments by the above-mentioned countries to 1.66 million b/d.
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2023, March, 31, 08:20:00
OIL PRICE: BRENT NEAR $79, WTI ABOVE $74
Brent were down 19 cents, or -0.24%, at $79.08 a barrel, WTI fell by 1 cent, or -0.01%, to $74.36.
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2023, March, 31, 07:30:00
INFLATION ; A MOVING TARGET
Banking crisis seems to be a regulatory issue not a monetary policy issue. Dollar may get a leg up higher soon despite the fluid situation. Natural credit tightening by banks being a factor to consider, also remembering the Core PCE Data during the week.
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2023, March, 24, 07:40:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $69
Brent slid 48 cents, or 0.6%, to $75.43 a barrel, WTI dropped 52 cents, or 0.7%, to $69.44 a barrel.
![Upstream](/cache/03-23/opec-001.f3c6caad.jpg)
2023, March, 24, 07:35:00
GLOBAL OIL DEMAND WILL UP BY 2.3 MBD
For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.
![Upstream](/cache/03-23/gazprom-3.c6789e37.jpg)
2023, March, 24, 07:10:00
GAZPROM RESERVES UP
A total of 529.2 billion cubic meters of gas were added to natural gas reserves in the course of geological exploration in 2022. This means that gas reserve addition rates have been surpassing gas production rates for as many as 18 consecutive years (with the 2022 production rates standing at 412.6 billion cubic meters of gas).