Upstream
2021, September, 22, 12:50:00
NIGERIA NEED OIL
Nigeria's quota, which covers only crude oil and not condensate, is 1.614 million b/d for September and is scheduled to rise by roughly 17,000 b/d each month,
2021, September, 21, 13:10:00
OIL PRICE: NEAR $75
Brent gained 95 cents or 1.3% to $74.87 a barrel , WTI was up 91 cents or 1.3% at $71.20.
2021, September, 21, 12:30:00
SHELL, CONOCO AGREEMENT $9.5 BLN
Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash.
2021, September, 20, 12:40:00
OIL PRICE: BELOW $75
Brent fell 61 cents, or 0.8%, to $74.73 a barrel, WTI fell 66 cents, or 0.9%, to $71.31 a barrel.
2021, September, 20, 12:05:00
U.S. RIGS UP 9 TO 512
U.S. Rig Count is up 9 from last week to 512, Canada Rig Count is up 11 from last week to 154.
2021, September, 17, 12:15:00
OIL PRICE: ABOVE $75 YET
Brent fell 35 cents, or 0.5%, to $75.32 a barrel, WTI were down 42 cents, or 0.6%, at $72.19 a barrel.
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
2021, September, 14, 12:45:00
OIL PRICE: NEAR $74
Brent was up 50 cents, or 0.7%, at $74.01 a barrel, WTI climbed 43 cents, or 0.6%, to $70.88 a barrel.
2021, September, 14, 12:40:00
WORLD OIL DEMAND GROWTH 6 MBD
World oil demand growth in 2021 remains unchanged from last month’s assessment, showing growth of 6.0 mb/d despite some offsetting revisions.
2021, September, 14, 12:35:00
TURKEY'S GAS UP
Within one year, Turkey has completed five deep-sea drillings in the Black Sea at the Sakarya field, where it has discovered more than half a trillion cubic meters of natural gas since August last year.
2021, September, 13, 12:40:00
OIL PRICE: ABOVE $73
Brent rose 67 cents, or 0.9% to $73.59 a barrel, WTI added 66 cents, or 1%, to $70.38.
2021, September, 13, 12:05:00
U.S. RIGS UP 6 TO 503
U.S. Rig Count is up 6 from last week to 503 , Canada Rig Count is down 9 from last week to 143.
2021, September, 10, 12:55:00
OIL PRICE: BELOW $73 YET
Brent rose $1.20, or 1.7%, to $72.65, WTI was at $69.19, up $1.05 or 1.5%.
2021, September, 10, 12:40:00
OIL PRICES 2021-22: $71-$66
We expect Brent prices will remain near current levels for the remainder of 2021, averaging $71/b during the fourth quarter of 2021 (4Q21). In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining to an annual average of $66/b.