Oil
![Oil](/cache/01-23/price-60.90e35bdc.jpg)
2023, January, 9, 12:40:00
OIL PRICE: BRENT BELOW $81, WTI BELOW $76
Brent were up $1.49, or 1.9%, at $80.06 a barrel, WTI rose $1.43, or 1.9%, to $75.20.
![Oil](/cache/01-23/rig-9.dc496e4c.jpg)
2023, January, 9, 12:05:00
WORLDWIDE RIG COUNT DOWN 56 TO 1,834
The Worldwide Rig Count for December was 1,834, down 56 from the 1,890 counted in November 2022,and up 271, from the 1,563 counted in December 2021.
![Oil](/cache/01-23/price-56.3e0a73f7.jpg)
2023, January, 5, 16:35:00
OIL PRICE: BRENT ABOVE $79, WTI ABOVE $74
Brent was up $1.63, or 2.1%, to $79.47 a barrel, WTI gained $1.41, or 1.9%, to $74.25.
![Oil](/cache/01-23/russia-12.a84bb1c7.jpg)
2023, January, 5, 16:30:00
RUSSIAN OIL EXPORTS DOWN
Russia said Dec. 28 it will ban crude supplies to countries that observe the G7's $60/b price cap from Feb. 1 for five months. The retaliatory move, which applies at all stages of supply to the final buyer, had been widely flagged by Russia and expected by the global oil market.
![Oil](/cache/12-22/price-55.37345bb3.jpg)
2022, December, 27, 12:55:00
OIL PRICE: BRENT NEAR $84, WTI NEAR $80
Brent was up 22 cents, or 0.3%, at $84.14 a barrel, WTI gained 7 cents to $79.63.
![Oil](/cache/12-22/rig-7.d33b28a5.jpg)
2022, December, 27, 12:35:00
U.S. RIGS UP 3 TO 779
U.S. Rig Count is up 3 from last week to 779, Canada Rig Count is down 103 from last week to 96
![Oil](/cache/12-22/price-53.502ad42d.jpg)
2022, December, 21, 12:25:00
OIL PRICE: BRENT NEAR $80, WTI BELOW $77
Brent rose 8 cents, or 0.1%, to $80.07 per barrel, WTI fell 1 cent to $76.22.
![Oil](/cache/12-22/russia-10.2411218a.jpg)
2022, December, 21, 11:55:00
RUSSIA, IRAN WITHOUT SANCTIONS $25 BLN
Russia and Iran, under tremendous pressure from sanctions, are turning toward each other—and they’re both looking eastward, too.
![Oil](/cache/12-22/price-49.72cb41ed.jpg)
2022, December, 19, 12:10:00
OIL PRICE: BRENT BELOW $80, WTI BELOW $75
Brent gained 42 cents, or 0.5%, to $79.46 a barrel, WTI was at $74.67, up 38 cents, or 0.5%.
![Oil](/cache/12-22/price-41.9fa7d21d.jpg)
2022, December, 19, 11:55:00
EUROPEAN GAS MARKET: DISTORTED
Russia's war against Ukraine that started in February has exacerbated gas prices. But the excesses of the TTF had already been detected before, with rises of more than 700% in 2021.
![Oil](/cache/12-22/rig-6.6d4a4e3a.jpg)
2022, December, 19, 11:35:00
U.S. RIGS DOWN 4 TO 776
U.S. Rig Count is down 4 from last week to 776, Canada Rig Count is down 3 from last week to 199.
![Oil](/cache/12-22/price-46.80e50b91.jpg)
2022, December, 16, 12:45:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $74
Brent fell 14 cents, or 0.2%, to $81.07 per barrel, WTI slipped 22 cents, or 0.3%, to $75.89.
![Oil](/cache/12-22/oil-1.f0675465.jpg)
2022, December, 16, 12:40:00
GLOBAL OIL DEMAND UP BY 2.3 MBD
The IEA predicts oil demand will rise by 2.3 million b/d in 2022 and by a further 1.7 million b/d in 2023, noting the contrast between strong gasoil and diesel use, especially in non-OECD economies, and weak petrochemical consumption in Europe and Asia.
![Oil](/cache/12-22/20221214-211905.accfaea2.jpg)
2022, December, 16, 12:15:00
OIL: LOCK, STOCK & TWO SMOKING BARRELS
OPEC is also in protection of the $80/bbl price floor and I'd suggest to get the buys in at mid 75s to low 72s on the #CL being a value trader coming into 2023.
![Oil](/cache/12-22/usa-11.705c5d10.jpg)
2022, December, 16, 12:05:00
U.S. OIL INVENTORIES UP BY 10.2 MB TO 424.1 MB
U.S. commercial crude oil inventories increased by 10.2 million barrels to 424.1 million barrels.