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2024, February, 9, 07:00:00
OIL PRICE: BRENT NEAR $82, WTI ABOVE $76
Brent slipped 1 cent to $81.62 a barrel, WTI rose 3 cents to $76.25 a barrel.
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2024, February, 9, 06:45:00
OPEC + RUSSIA COHESION
The Committee will continue to closely assess market conditions. Building on the strong cohesion between OPEC and participating non-OPEC oil-producing countries,
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2024, February, 9, 06:35:00
NO PEAK OIL DEMAND YET
In 2023, the International Energy Agency (IEA) asserted that it saw a global oil demand peak before the end of this decade and called for a halt to new oil investments. This was despite the IEA only a few years earlier highlighting that the world would still need oil for years to come and stressing the importance of investing in the sector.
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2024, February, 7, 07:00:00
OIL PRICE: BRENT NEAR $79, WTI ABOVE $73
Brent rose 16 cents, or 0.2%, to $78.75 a barrel, WTI climbed 20 cents, or 0.3%, to $73.51.
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2024, February, 2, 07:00:00
OIL PRICE: BRENT NEAR $79, WTI NEAR $74
Brent climbed 37 cents, or 0.5%, to $79.07 a barrel, WTI gained 30 cents, or 0.4%, to $74.12 a barrel.
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2024, January, 29, 07:00:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $78
Brent rose 29 cents, or 0.4%, to $83.84 a barrel, WTI gained 34 cents, or 0.4%, to $78.35 a barrel.
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2024, January, 29, 06:40:00
CHINA NEED OIL & GAS
CNOOC expects production to continue growing over the next two years, with plans to reach 2.25 million boe/d in 2026.
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2024, January, 24, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI ABOVE $74
Brent dipped 14 cents, or 0.1%, to $79.41 a barrel, WTI ticked down 11 cents, or 0.2%, to $74.26 a barrel.
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2024, January, 22, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI ABOVE $73
Brent fell 9 cents, or 0.1%, to $78.47 a barrel, WTI inched up 11 cents to $73.52 a barrel.
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2024, January, 22, 06:55:00
GLOBAL OIL DEMAND 2025: +1.8 MBD
The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
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2024, January, 18, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI BELOW $73
Brent gained 28 cents to $78.16 a barrel , WTI rose 34 cents at $72.90.
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2024, January, 11, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI BELOW $72
Brent rose 21 cents, or 0.27%, to $77.01 a barrel. WTI gained 20 cents, or 0.28%, to reach $71.57 a barrel.
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2024, January, 11, 06:30:00
WORLDWIDE RIG COUNT DOWN 55 TO 1,739
The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 2022.
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2024, January, 9, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI NEAR $71
Brent frose 18 cents, or 0.2%, to $76.30 a barrel. WTI inched up 0.1%, or 6 cents, to $70.83 a barrel.
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2023, December, 21, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI NEAR $74
Brent fell 22 cents, or 0.3%, to $79.48 a barrel. WTI was at $74 a barrel, also down 22 cents or 0.3%.