Oil
![Oil](/cache/02-23/russia-25.62943a07.jpg)
2023, February, 6, 13:05:00
RUSSIA'S GAS PRODUCTION DOWN
Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat.
![Oil](/cache/02-23/rig-15.149ea585.jpg)
2023, February, 6, 12:30:00
WORLDWIDE RIG COUNT UP 65 TO 1,899
The Worldwide Rig Count for January was 1,899, up 65 from the 1,834 counted in December 2022,and up 267, from the 1,632 counted in January 2022.
![Oil](/cache/02-23/price-88.7dcb491e.jpg)
2023, February, 3, 11:55:00
OIL PRICE: BRENT NEAR $82, WTI ABOVE $75
Brent fell 34 cents, or 0.4%, to $81.83 a barrel, WTI slid 37 cents, or 0.5%, to $75.51.
![Oil](/cache/02-23/price-71.3046477e.jpg)
2023, February, 3, 11:45:00
OPEC+ WITHOUT CHANGES
JMMC reaffirmed their commitment to the DoC which extends to the end of 2023 as agreed in the 33rd OPEC and non-OPEC Ministerial Meeting (ONOMM) on 5th of October 2022,
![Oil](/cache/02-23/energy-10.73ccf563.jpg)
2023, February, 3, 11:15:00
BP: THE TRANSITION TO A LOW-CARBON WORLD
The transition to a low-carbon world requires a range of other energy sources and technologies, including low-carbon hydrogen, modern bioenergy, and carbon capture, use and storage.
![Oil](/cache/02-23/usa-26.46abe1a1.jpg)
2023, February, 3, 10:50:00
U.S. OIL INVENTORIES UP BY 4.1 MB TO 452.7 MB
U.S. commercial crude oil inventories increased by 4.1 million barrels to 452.7 million barrels.
![Oil](/cache/02-23/price-82.5fdc71c6.jpg)
2023, February, 1, 12:30:00
OIL PRICE: BRENT BELOW $86, WTI NEAR $79
Brent gained 8 cents, or 0.1%, to $85.54 a barrel, WTI rose 20 cents, or 0.2%, to $79.07 a barrel.
![Oil](/cache/02-23/russia-saudi-flag.bcdaa059.jpg)
2023, February, 1, 12:25:00
GLOBAL OIL MARKET STABILITY
Further development of bilateral cooperation in the political, trade, economic and energy sectors, as well as cooperation within the OPEC Plus group to provide the stability of global oil market were discussed.
![Oil](/cache/02-23/russia-algeria-flag.dd9d7194.jpg)
2023, February, 1, 12:20:00
RUSSIA, ALGERIA COOPERATION
They reaffirmed their readiness to continue working together on the global energy market, including within the OPEC Plus and the Gas Exporting Countries Forum.
![Oil](/cache/01-23/price-81.401a4b93.jpg)
2023, January, 30, 11:45:00
OIL PRICE: BRENT NEAR $86, WTI NEAR $79
Brent fell 74 cents, or 0.8%, to $85.92 a barrel , WTI was at $79.07 a barrel, down 61 cents, or 0.8%.
![Oil](/cache/01-23/20230129-214547-1.94569eb7.jpg)
2023, January, 30, 11:35:00
CHOPPY OIL
Start of a new week at the months end has been very rangebound in terms of the price action on the Oil tabs. Previous week has been swings on the #BRENT & #WTI with an average of 3%(+/-) on the Bearish bias majorly as we approach the Globex Open.Asia session will shed light on the weekly movement.
![Oil](/cache/01-23/price-78.67824990.jpg)
2023, January, 27, 10:15:00
OIL PRICE: BRENT BELOW $88, WTI ABOVE $81
Brent gained 30 cents, or 0.34%, to $87.77 a barrel, WTI rose 34 cents to $81.35 per barrel.
![Oil](/cache/01-23/usa-22.87553f4a.jpg)
2023, January, 27, 09:45:00
U.S. OIL INVENTORIES UP BY 0.5 MB TO 448.5 MB
U.S. commercial crude oil inventories increased by 0.5 million barrels to 448.5 million barrels.
![Oil](/cache/01-23/price-76.57099e0d.jpg)
2023, January, 25, 10:45:00
OIL PRICE: BRENT BELOW $87, WTI ABOVE $80
Brent rose 22 cents, or 0.3%, to $86.35 per barrel, WTI climbed 13 cents, or 0.2%, to $80.26 per barrel.
![Oil](/cache/01-23/usa-17.2398753c.jpg)
2023, January, 25, 10:25:00
U.S. ENERGY WILL UP
According to the latest issue of FERC's monthly "Energy Infrastructure Update" (with data through November 30, 2022), "high probability" additions by solar to U.S. generating capacity between December 2022 and November 2025 will total 72,809 megawatts (MW).