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2023, December, 15, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI NEAR $72
Brent rose 40 cents to $77.01 a barrel, WTI climbed 40 cents to $71.98.
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2023, December, 6, 07:00:00
OIL PRICE: BRENT ABOVE $77, WTI ABOVE $72
Brent climbed 1 cents to $77.21 a barrel, WTI were down 4 cents at $72.28 a barrel.
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2023, December, 6, 06:50:00
OPEC+ CUTS 2.2 MBD
These additional voluntary cuts are announced by the following OPEC+ countries : Saudi Arabia (1,000 thousand b/d); Iraq (223 thousand b/d); United Arab Emirates (163 thousand b/d); Kuwait (135 thousand b/d); Kazakhstan (82 thousand b/d); Algeria (51 thousand b/d); and Oman (42 thousand b/d) starting 1st of January until the end of March 2024.
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2023, December, 6, 06:15:00
WORLDWIDE RIG COUNT UP 17 TO 1,794
The Worldwide Rig Count for November was 1,794, up 17 from the 1,777 counted in October 2023, and down 96, from the 1,890 counted in November 2022.
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2023, November, 30, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $78
Brent fell 15 cents, or 0.2%, to $82.95 a barrel, WTI rose 12 cents, or 0.2%, at $77.98 a barrel.
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2023, November, 30, 06:30:00
BRITAIN NEEDS WARMTH
Right now, 6.3 million UK households are in fuel poverty, according to National Energy Action. That’s up from 4.5 million, recorded in October 2021, when Europe’s energy crunch began, it said. Over the last three months, millions have been using appliances like ovens or going to bed early to stay warm, the study showed.
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2023, November, 27, 07:00:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $75
Brent fell 37 cents, or 0.5%, to $80.21 a barrel, WTI were at $75.18 a barrel, down 36 cents, or 0.5%.
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2023, November, 27, 06:55:00
OPEC+ ONLINE MEETING
With global oil demand set to moderate in the first quarter of 2024, the OPEC+ alliance appears set to extend its production cuts, though the duration is yet to be determined, analysts say. As well, deeper cuts could be considered, some OPEC+ officials have hinted.
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2023, November, 23, 07:00:00
OIL PRICE: BRENT NEAR $81, WTI ABOVE $76
Brent were down $1.04, or 1.3%, at $80.92 a barrel, WTI dipped 90 cents, or 1.2%, to $76.20.
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2023, November, 23, 06:50:00
RUSSIAN OIL GAS PRODUCTION DOWN
Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.
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2023, November, 23, 06:30:00
VENEZUELA'S DEBT OVERVIEW
We estimate Venezuela’s external debt stands at around US$167 billion. The majority is from the sovereign at US$107 billion, with PDVSA adding US$59 billion and ELECAR another US$1 billion. 21% is arrears due to missed interest payments.
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2023, November, 23, 06:00:00
NUCLEAR FOR SRI LANKA
Sri Lanka's 2020 production of 15.6 TWh of electricity was dominated by fossil fuels, which accounted for some 10 TWh, and hydro (5 TWh) alongside some wind and solar,
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2023, November, 22, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI NEAR $78
Brent rose 11 cents, or 0.1%, to $82.56 a barrel, WTI rose 14 cents, or 0.2%, to $77.91.
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2023, November, 22, 06:45:00
GLOBAL OIL DEMAND WILL UP BY 2.5 MBD
The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.
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2023, November, 17, 07:00:00
OIL PRICE: BRENT ABOVE $77, WTI NEAR $73
Brent were up 10 cents, or 0.1%, at $77.52 a barrel, WTI was nearly flat at $72.95.