Oil
![Oil](/cache/09-22/gas-057.c656e787.jpg)
2022, September, 15, 16:30:00
EUROPEAN GAS PRICES RISE
Benchmark futures jumped as much as 12%. The European Commission’s radical intervention plan includes raising 140 billion euros ($140 billion) for consumers from energy companies’ earnings, as also mandatory curb on peak power demand and boosting liquidity.
![Oil](/cache/09-22/europe-046.6c5ac69b.jpg)
2022, September, 15, 16:25:00
EUROPEAN ENERGY CRISIS €140 BLN
The plan is expected to raise €140bn, including €117bn from the temporary revenue cap on inframarginal electricity producers and €25bn from the temporary solidarity contribution based on taxable surplus profits made in the fiscal year 2022 on energy undertakings in the oil, gas, coal and refinery sectors
![Oil](/cache/09-22/gas-056.c373a80b.jpg)
2022, September, 15, 16:20:00
GERMANY WITHOUT RUSSIAN GAS
The risks of shortages drove gas prices higher for a third day. The European Commission this week unveiled radical intervention plan including raising 140 billion euros ($140 billion) for consumers from energy companies’ earnings, mandatory curb on peak power demand and boosting liquidity.
![Oil](/cache/09-22/price-00245.f46b519a.jpg)
2022, September, 14, 13:20:00
OIL PRICE: BRENT NEAR $94, WTI NEAR $88
Brent rose 8 cents, or 0.09%, to $93.25 a barrel, WTI was at $87.35 a barrel, up 4 cents, or 0.05%.
![Oil](/cache/09-22/price-00243.65fa5cce.jpg)
2022, September, 14, 13:15:00
GLOBAL OIL DEMAND +3.1 MBD
World oil demand growth in 2022 remained unchanged from the previous month’s assessment at a healthy level of 3.1 mb/d. For 2023, the forecast for world oil demand growth also remained unchanged from the previous month’s assessment to 2.7 mb/d.
![Oil](/cache/09-22/digit-0013.5fbf7b4d.jpg)
2022, September, 14, 13:00:00
OIL GAS DIGITAL TRANSFORMATION
Digital transformation in oil and gas is more of a transformation problem than it is a digital one. Many executives are hesitant to invest heavily in digital transformation but continue to be hampered by the cost of poor quality.
![Oil](/cache/09-22/renewable-042.720845e2.jpg)
2022, September, 14, 12:55:00
GLOBAL RENEWABLES FROM CHINA
The developed nations of Europe and the UK have played into the hands of Russia by closing coal and nuclear generation facilities and becoming dependent on renewables and Russian natural gas, rather than developing their own natural gas reserves.
![Oil](/cache/09-22/rig-0011.21831b2a.jpg)
2022, September, 14, 12:40:00
U.S. RIGS DOWN 1 TO 759
U.S. Rig Count is down 1 from last week to 759, Canada Rig Count is down 3 from last week to 205.
![Oil](/cache/09-22/price-00239.76bcff42.jpg)
2022, September, 9, 14:30:00
OIL PRICE: BRENT ABOVE $90, WTI ABOVE $84
Brent rose $1.24, or 1.4%, to $90.39 a barrel, WTI climbed $1.05, or 1.3%, to $84.59.
![Oil](/cache/09-22/price-00233.3c4cd2d7.jpg)
2022, September, 9, 14:15:00
OIL PRICES 2022-23: $98 - $97
The Brent crude oil spot price averages $98 per barrel (b) in the fourth quarter of 2022 (4Q22) and $97/b in 2023.
![Oil](/cache/09-22/usa-0167.824e2bf1.jpg)
2022, September, 9, 14:05:00
U.S. OIL INVENTORIES UP BY 8.8 MB TO 427.2 MB
U.S. commercial crude oil inventories increased by 8.8 million barrels to 427.2 million barrels.
![Oil](/cache/09-22/price-00238.db04448e.jpg)
2022, September, 6, 14:15:00
OIL PRICE: BRENT NEAR $93, WTI NEAR $87
Brent was down $2.33, or 2.4%, to $93.41, WTI trading to $87.02, up 15 cents from Friday's close.
![Oil](/cache/09-22/price-00228.74c227e0.jpg)
2022, September, 6, 14:10:00
OPEC+ PRODUCTION DOWN 0.1 MBD
Revert to the production level of August 2022 for OPEC and non-OPEC Participating Countries for the month of October 2022 as per the attached table, noting that the upward adjustment of 0.1 mb/d to the production level was only intended for the month of September 2022.
![Oil](/cache/09-22/price-00229.c47d0211.jpg)
2022, September, 6, 13:50:00
EUROPEAN ENERGY INFLATION
Benchmark energy futures fell after jumping on Monday, with Dutch front-month gas losing as much as 13% and German year-ahead power falling 11%.
![Oil](/cache/09-22/price-00231.a5d74f10.jpg)
2022, September, 5, 14:45:00
OIL PRICE: BRENT ABOVE $95, WTI ABOVE $87
Brent advanced by $2.45, or 2.6%, to $95.47 a barrel, WTI was up $2.13, or 2.5%, at $89.