Oil
![Oil](/cache/04-23/price-122.1be08360.jpg)
2023, April, 7, 07:40:00
OIL PRICE: BRENT NEAR $85, WTI ABOVE $80
Brent settled up 13 cents, or 0.2%, at $85.12 a barrel, WTI closed 9 cents, or 0.1%, higher at $80.70.
![Oil](/cache/04-23/price-113.f3d5a67c.jpg)
2023, April, 7, 07:30:00
OPEC+: (- 3.6) MBD
This will bring the total additional voluntary production adjustments by the above-mentioned countries to 1.66 million b/d.
![Oil](/cache/04-23/russia-42.63376ac2.jpg)
2023, April, 7, 07:10:00
RUSSIAN DIESEL FOR TURKEY
Since Turkey can legitimately still import diesel-type fuel from Russia, traders can potentially bring in relatively cheap barrels to meet the country’s energy needs. At the same time, Turkey’s own production could be sold at a higher price to the EU.
![Oil](/cache/03-23/price-120.2931ea4f.jpg)
2023, March, 31, 08:20:00
OIL PRICE: BRENT NEAR $79, WTI ABOVE $74
Brent were down 19 cents, or -0.24%, at $79.08 a barrel, WTI fell by 1 cent, or -0.01%, to $74.36.
![Oil](/cache/03-23/sanctions-001.ecbce3e8.jpg)
2023, March, 31, 08:00:00
RUSSIA, EU BUSINESS & SANCTIONS
The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war.
![Oil](/cache/03-23/investment-001.2104b517.jpg)
2023, March, 31, 07:45:00
GLOBAL OIL GAS LIMITS $11 TLN
The stricter guidelines come as the outlook darkens for limiting global temperature increases to around 1.5C, with a lack of financing for greener projects a key hurdle.
![Oil](/cache/03-23/20230327-135016.325310fd.jpg)
2023, March, 31, 07:30:00
INFLATION ; A MOVING TARGET
Banking crisis seems to be a regulatory issue not a monetary policy issue. Dollar may get a leg up higher soon despite the fluid situation. Natural credit tightening by banks being a factor to consider, also remembering the Core PCE Data during the week.
![Oil](/cache/03-23/price-116.849d2658.jpg)
2023, March, 24, 07:40:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $69
Brent slid 48 cents, or 0.6%, to $75.43 a barrel, WTI dropped 52 cents, or 0.7%, to $69.44 a barrel.
![Oil](/cache/03-23/opec-001.f3c6caad.jpg)
2023, March, 24, 07:35:00
GLOBAL OIL DEMAND WILL UP BY 2.3 MBD
For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.
![Oil](/cache/03-23/norway-17.aba22aca.jpg)
2023, March, 24, 07:00:00
NORWAY OIL, GAS PRODUCTION 1.994 MBD
Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.
![Oil](/cache/03-23/usa-43.1abdb317.jpg)
2023, March, 24, 06:55:00
U.S. OIL INVENTORIES UP BY 1.1 MB TO 481.2 MB
U.S. commercial crude oil inventories increased by 1.1 million barrels to 481.2 million barrels.
![Oil](/cache/03-23/usa-42.b5e3f073.jpg)
2023, March, 24, 06:45:00
U.S. OIL INVENTORIES UP BY 1.6 MB TO 480.1 MB
U.S. commercial crude oil inventories increased by 1.6 million barrels to 480.1 million barrels.
![Oil](/cache/03-23/price-115.bb2587fc.jpg)
2023, March, 15, 07:20:00
OIL PRICE: BRENT ABOVE $78, WTI ABOVE $72
Brent climbed 93 cents, or 1.2%, to $78.38 a barrel, WTI gained 96 cents, or 1.4%, to $72.29 a barrel.
![Oil](/cache/03-23/europe-7.426c387e.jpg)
2023, March, 15, 07:10:00
EUROPEAN ENERGY CHANGES
As the EU pushes more broadly to bolster clean energy, it’s also responding to concerns that green industries could emigrate to the US and China, with the price that Europe pays for its energy a driving factor.
![Oil](/cache/03-23/rig-19.85c5b7bb.jpg)
2023, March, 15, 06:35:00
WORLDWIDE RIG COUNT UP 23 TO 1,921
The Worldwide Rig Count for February was 1,921, up 23 from the 1,899 counted in January 2023,and up 252, from the 1,669 counted in February 2022.