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Upstream

Upstream
2021, October, 19, 12:55:00
OIL PRICE: NEAR $85
Brent rose 35 cents, or 0.4%, to $84.68 a barrel. WTI gained 70 cents, or 0.9%, to $83.14.
Upstream
2021, October, 18, 12:55:00
OIL PRICE: ABOVE $85
Brent were up 59 cents, or 0.7%, to $85.45 a barrel . WTI were up 59 cents, or 0.7%, to $85.45 a barrel .
Upstream
2021, October, 18, 12:00:00
U.S. RIGS UP 10 TO 543
U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.
Upstream
2021, October, 15, 09:40:00
OIL PRICE: ABOVE $84
Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.
Upstream
2021, October, 15, 09:35:00
GLOBAL OIL DEMAND WILL UP BY 5.8 MBD
World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.
Upstream
2021, October, 15, 09:20:00
U.S. OIL INVENTORIES UP BY 6.1 MB TO 427.0 MB
U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.
Upstream
2021, October, 14, 13:35:00
OIL PRICE: NEAR $84 AGAIN
Brent gained 67 cents, or 0.8%, to $83.85 a barrel. WTI climbed 62 cents, or 0.8%, to $81.06 a barrel.
Upstream
2021, October, 14, 13:05:00
MORE RUSSIAN OIL
Russia's crude production targets under the OPEC+ accord are 9.809 million b/d in October and 9.913 million b/d in November, though it has regularly pumped in excess of its quota.
Upstream
2021, October, 14, 13:00:00
OPEC + RUSSIA 400 TBD
The OPEC+ alliance has agreed to increase production by 400,000 b/d through the end of 2022, aiming to eliminate the historic cuts it implemented through the pandemic by late in the year
Upstream
2021, October, 14, 12:55:00
OIL PRICES 2021-22: $81-$72
We expect Brent prices will remain near current levels for the remainder of 2021, averaging $81/b during the fourth quarter of 2021. 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 from current levels to an annual average of $72/b.
Upstream
2021, October, 13, 12:20:00
OIL PRICE: NEAR $83 ANEW
Brent was up 1 cent at $83.66 a barrel. WTI fell 50 cents, or 0.6%, to $80.02.
Upstream
2021, October, 12, 17:05:00
OIL PRICE: NEAR $84 ANEW
Brent was up 1 cent at $83.66 a barrel. WTI fell 50 cents, or 0.6%, to $80.02.
Upstream
2021, October, 11, 12:05:00
OIL PRICE: NEAR $84
Brent was up $1.20 cents, or 1.5%, at $83.59 a barrel. WTI was up $1.46, or 1.8%, at $80.81 a barrel.
Upstream
2021, October, 11, 11:35:00
U.S. RIGS UP 5 TO 533
U.S. Rig Count is up 5 from last week to 533 , Canada Rig Count is up 2 from last week to 167.
Upstream
2021, October, 8, 10:35:00
OIL PRICE: NEAR $83
Brent jumped 93 cents, or 1.1%, to $82.88 a barrel. WTI jumped 93 cents, or 1.1%, to $82.88 a barrel.