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2022, March, 11, 12:40:00
OIL PRICE: NEAR $112
Brent climbed $2.48, or 2.27%, to $111.81 a barrel, WTI were up $2, or 1.89%, to $108.02 a barrel.
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2022, March, 11, 12:05:00
U.S. OIL INVENTORIES DOWN BY 1.9 MB TO 411.6 MB
U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.
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2022, March, 10, 11:10:00
OIL PRICE: NEAR $115 ANEW
Brent were up $2.53, or 2.28%, at $113.67 a barrel, WTI were up $1.64, or 1.51%, at $110.34 a barrel.
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2022, March, 9, 13:50:00
OIL PRICE: ABOVE $126
Brent was up $1.68, or 1.3%, at $129.66 a barrel, WTI was up $1.60, or 1.3%, to $125.30.
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2022, March, 9, 13:40:00
OIL PRICE WILL UP TO $300
"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.
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2022, March, 9, 13:35:00
RUSSIAN OIL & EARNINGS UP
Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.
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2022, March, 9, 13:30:00
OIL PRICES 2022-23: $117-$89
The Brent price will average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22). We expect the average price to fall to $89/b in 2023.
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2022, March, 9, 13:15:00
U.S. RELEASE OIL 30 MB
On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.
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2022, March, 9, 13:05:00
WORLDWIDE RIG COUNT UP 37 TO 1,669
The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.
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2022, March, 9, 13:00:00
U.S. RIGS UP 0 TO 650
U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.
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2022, March, 4, 12:20:00
OIL PRICE: NEAR $110
Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.
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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.
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2022, March, 3, 14:40:00
OIL PRICE: NEAR $115
Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.
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2022, March, 3, 14:30:00
OPEC+ 0.4 MBD
Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of April 2022, as per the attached schedule.
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2022, March, 3, 14:05:00
U.S. OIL INVENTORIES DOWN BY 2.6 MB TO 413.4 MB
U.S. commercial crude oil inventories decreased by 2.6 million barrels from the previous week to 413.4 million barrels.