Oil
![Oil](/cache/01-23/price-77.f9e854b5.jpg)
2023, January, 23, 12:40:53
OIL PRICE: BRENT BELOW $88, WTI BELOW $82
Brent was down 11 cents, or 0.1%, to $87.52, WTI fell 8 cents, or 0.1%, to $81.56 a barrel.
![Oil](/cache/01-23/norway-7.8ad3ebc4.jpg)
2023, January, 23, 12:05:00
NORWAY OIL, GAS PRODUCTION 1.983 MBD
Preliminary production figures for December 2022 show an average daily production of 1 983 000 barrels of oil, NGL and condensate.
![Oil](/cache/01-23/price-73.8706808f.jpg)
2023, January, 20, 11:45:00
OIL PRICE: BRENT NEAR $87, WTI BELOW $81
Brent gained 26 cents, or 0.3%, to $86.42 a barrel, WTI advanced 43 cents to $80.76 per barrel.
![Oil](/cache/01-23/europe-3.51ec6c9a.jpg)
2023, January, 20, 11:35:00
RUSSIAN DIESEL FOR EUROPE
As a result, Russian diesel makes up 27% of Europe's total 1.69 million b/d of imports in the period, the data showed.
![Oil](/cache/01-23/usa-15.6f5df47a.jpg)
2023, January, 20, 10:45:00
U.S. OIL INVENTORIES UP BY 8.4 MB TO 448.0 MB
U.S. commercial crude oil inventories increased by 8.4 million barrels to 448.0 million barrels.
![Oil](/cache/01-23/price-70.c998b258.jpg)
2023, January, 18, 12:20:00
OIL PRICE: BRENT BELOW $87, WTI BELOW $81
Brent climbed 76 cents, or 0.88%, to $86.68 a barrel, WTI went up 85 cents, or 1.06%, to $81.03.
![Oil](/cache/01-23/china-9.efe05e3b.jpg)
2023, January, 18, 12:00:00
CHINA'S OIL THROUGHPUT DOWN
The lower throughput came as China's GDP expanded 3% in 2022, NBS data showed, lower than the government's annual target of about 5.5%.
![Oil](/cache/01-23/price-68.02378f0c.jpg)
2023, January, 16, 13:05:00
OIL PRICE: BRENT BELOW $85, WTI NEAR $80
Brent fell 62 cents, or 0.7%, to $84.66 a barrel, WTI was down 51 cents, or 0.6%, at $79.35 a barrel.
![Oil](/cache/01-23/price-59.436d881f.jpg)
2023, January, 16, 13:00:00
GLOBAL OIL MARKET IS STABLE
The OPEC+ Joint Ministerial Monitoring Committee, on which Mazrouei sits, is co-chaired by Saudi energy minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak.
![Oil](/cache/01-23/oil-4.55a04aa8.jpg)
2023, January, 16, 12:55:00
RUSSIAN OIL FOR CHINA, INDIA
With India becoming the largest buyer of Russian crude in late 2022 and China posting close to double-digit growth in Russian inflows over January-November, refiners in South Korea, Japan and Thailand are finding it easier to procure term and spot crude supplies from Middle Eastern producers,
![Oil](/cache/01-23/china-7.9bbe9fbc.jpg)
2023, January, 16, 12:45:00
CHINA OIL, GAS, COAL IMPORTS DOWN
China's natural gas imports also fell, by 9.9% to 109.25 Mt in 2022 (121.26 Mt in 2021). LNG imports dropped by 19% to 64.13 Mt in 2022 (79.3 Mt in 2021). Similarly, China’s coal imports fell 9.2% to 293.2 Mt in 2022 (335 Mt in 2021).
![Oil](/cache/01-23/price-63.ed08ca5d.jpg)
2023, January, 13, 10:55:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $78
Brent had fallen 33 cents, or 0.4%, to $83.70 a barrel, WTI slipped 20 cents, or 0.3%, to $78.19.
![Oil](/cache/01-23/china-6.2f87e616.jpg)
2023, January, 13, 10:50:00
CHINA OIL DEMAND WILL UP TO 16 MBD
That would take consumption to an all-time high of about 16 million barrels a day, the survey showed.
![Oil](/cache/01-23/price-65.2296595e.jpg)
2023, January, 11, 11:45:00
OIL PRICE: BRENT NEAR $80, WTI NEAR $75
WTI slipped by 54 cents, or 0.72%, to $74.58 a barrel, Brent fell by 50 cents, or 0.62%, to $79.60.
![Oil](/cache/01-23/price-58.76ca3af5.jpg)
2023, January, 11, 11:40:00
OIL PRICES 2023-24: $83 - $78
The Brent crude oil price will average $83 per barrel (b) in 2023, down 18% from 2022, and continue to fall to $78/b in 2024 as global oil inventories build, putting downward pressure on crude oil prices.