Oil
![Oil](/cache/11-23/price-213.d9260123.jpg)
2023, November, 3, 07:00:00
OIL PRICE: BRENT NEAR $87, WTI NEAR $83
Brent rose 6 cents to $86.91 a barrel, WTI gained 12 cents, or 0.2%, to $82.58 a barrel.
![Oil](/cache/11-23/china-31.f6a529d2.jpg)
2023, November, 3, 06:55:00
RUSSIAN OIL, GAS FOR CHINA
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major political risks around a project that is overly dependent on one buyer and question whether it will justify the huge costs.
![Oil](/cache/11-23/china-30.9d015ecb.jpg)
2023, November, 3, 06:50:00
CHINA'S COAL UP ANEW
China has ramped up coal output since the 2021 power crisis in order to avoid a repeat, with this year’s annual production set to notch another record. Demand growth has also been relatively subdued amid China’s bumpy economic recovery.
![Oil](/cache/11-23/india-venezuela-flag.667c6753.jpg)
2023, November, 3, 06:45:00
INDIA NEED VENEZUELA'S OIL
India, the world's third biggest oil importer and consumer, ships over 80% of its oil needs from overseas and wants to cut its crude import bill.
![Oil](/cache/10-23/venezuela-1.3da897ad.jpg)
2023, November, 3, 06:40:00
VENEZUELA: LIFTING SANCTIONS
However, there are growing signs of a thaw in relations between the Biden administration and Caracas, with the sides holding talks to explore temporarily lifting sanctions to encourage Venezuela to hold competitive presidential elections next year.
![Oil](/cache/10-23/usa-81.171366e9.jpg)
2023, November, 3, 06:25:00
U.S. FOSSIL FUELS CHOICE
In the United States last year, according to the Energy Information Administration, natural gas accounted for 39.9 percent of electricity production; coal, 19.7 percent; nuclear, 18.2 percent; and renewables, the rest, although these are coming on fast.
![Oil](/cache/10-23/price-208.5b4750af.jpg)
2023, October, 27, 07:00:00
OIL PRICE: BRENT NEAR $89, WTI ABOVE $84
Brent rose $1.16, or 1.3%, to $89.09 a barrel. WTI climbed $1.08, also 1.3%, to $84.29 a barrel.
![Oil](/cache/10-23/oil-7.92c38e0a.jpg)
2023, October, 27, 06:55:00
GLOBAL OIL WILL STAY
Prince Abdulaziz said that the energy transition will require hydrocarbons including petrochemicals.
![Oil](/cache/10-23/price-189.8cf4c201.jpg)
2023, October, 20, 07:00:00
OIL PRICE: BRENT ABOVE $93, WTI ABOVE $90
Brent crude futures climbed 94 cents, or 1%, to $93.32 a barrel by 0307 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up $1.41, or 1.6%.
![Oil](/cache/10-23/20231020-003824.3e220ae6.jpg)
2023, October, 20, 06:20:00
OIL: A VAGRANT GEOPOLITICAL BROTH
Oil has become the gift that keeps on giving. Aggressive long liquidation leaves the markets exposed to a strong geopolitical bid as it has a direct effect on oil production and transportation in the Middle East.
![Oil](/cache/10-23/price-209.465cae43.jpg)
2023, October, 13, 07:00:00
OIL PRICE: BRENT ABOVE $86, WTI ABOVE $83
Brent rose 50 cents, or 0.6%, to $86.50 per barrel, WTI gained 64 cents, or 0.8%, to $83.55 a barrel.
![Oil](/cache/10-23/price-203.d0379f31.jpg)
2023, October, 13, 06:50:00
OIL PRICES 2023-24: $84 - $95
The Brent spot price increasing to average $95 per barrel (b) in 2024.
![Oil](/cache/10-23/price-205.16da52cc.jpg)
2023, October, 6, 07:00:00
OIL PRICE: BRENT ABOVE $84, WTI NEAR $83
Brent were up 36 cents, or 0.4%, at $84.43. WTI were up 42 cents, or 0.5%, at $82.73.
![Oil](/cache/10-23/price-197.fe42d59c.jpg)
2023, October, 6, 06:50:00
STRONG COHESION OF OPEC+
The committee reaffirmed the commitment of its member countries to the DoC which extends to the end of 2024 as agreed in the 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 4th of June 2023.
![Oil](/cache/10-23/price-202.8385e0ed.jpg)
2023, October, 6, 06:40:00
INDIA NEED OIL
Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries.