Oil
![Oil](/cache/07-22/price-00147.922ae76d.jpg)
2022, July, 14, 12:35:00
OIL PRICE: BRENT BELOW $98, WTI BELOW $94
Brent were down 18 cents to $99.39 a barrel, WTI was at $95.84 a barrel, down 43 cents.
![Oil](/cache/07-22/price-00146.2c910de1.jpg)
2022, July, 13, 11:50:00
OIL PRICE: BRENT NEAR $100, WTI NEAR $97
Brent was up 73 cents, or 0.7%, at $100.22 a barrel, WTI gained 68 cents, or 0.7%, to $96.52.
![Oil](/cache/07-22/price-00140.d9dd3183.jpg)
2022, July, 13, 11:45:00
OIL PRICES 2022-23: $104 - $94
The spot price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast the Brent price will average $104/b in 2022 and $94/b in 2023.
![Oil](/cache/07-22/oil-026.a8404fd7.jpg)
2022, July, 13, 11:40:00
GLOBAL OIL DEMAND 2022 - 23: 100.3 - 103.0 MBD
Total oil demand is projected to average 100.3 mb/d. For 2023, world oil demand growth is expected to reach 2.7 mb/d to average 103.0 mb/d.
![Oil](/cache/07-22/russia-turkey-flag.54e53e2e.jpg)
2022, July, 13, 11:35:00
RUSSIA,TURKEY COOPERATION
They focused on tasks to further promote economic cooperation, including measures to improve the contractual legal framework, boost trade and use national currencies in transactions, as well as to ensure uninterrupted supplies of Russian energy.
![Oil](/cache/07-22/russia-kazakhstan-flag.be4e14f7.jpg)
2022, July, 13, 11:30:00
RUSSIA,KAZAKHSTAN COOPERATION
They reaffirmed their mutual resolve to further strengthen the strategic partnership and alliance between the two countries, and to consistently implement concrete trade, economic and energy projects.
![Oil](/cache/07-22/europe-033.33eaad52.jpg)
2022, July, 13, 11:15:00
RUSSIAN DIESEL FOR EUROPE
France, Germany and Poland continued to receive term diesel cargoes from Russia, while spot diesel cargoes that would typically supply the UK are now ending up in the Amsterdam-Rotterdam-Antwerp hub instead, with a few Primorsk cargoes also finding their way to Barcelona.
![Oil](/cache/07-22/price-00142.321f7461.jpg)
2022, July, 11, 13:40:00
OIL PRICE: BRENT NEAR $105, WTI ABOVE $102
Brent fell $1.29, or 1.2%, to $105.73 a barrel, WTI declined by $1.78, or 1.7%, to $103.01.
![Oil](/cache/07-22/rig-058.44a98432.jpg)
2022, July, 11, 13:05:00
U.S. RIGS UP 2 TO 752
U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.
![Oil](/cache/07-22/price-00141.ab651f46.jpg)
2022, July, 8, 14:50:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $103
Brent rose 35 cents, or 0.3%, to $105.00 a barrel, WTI gained 19 cents, or 0.2%, to $102.92.
![Oil](/cache/07-22/russia-0151.b8d48200.jpg)
2022, July, 8, 14:40:00
OPEC+ PRODUCTION UP BY 390 TBD
Combined, OPEC+ crude production rose to a three-month high of 42.09 million b/d of June,
![Oil](/cache/07-22/india-062.67bad368.png)
2022, July, 8, 14:30:00
RUSSIAN OIL FOR INDIA UP
In May, India imported 819,000 barrels per day (bpd), from 277,000 bpd in April and 33,000 bpd a year ago. Russia is now the second biggest supplier to India, replacing Saudi Arabia, while Iraq continues to be the largest.
![Oil](/cache/07-22/price-00138.bbf1cfbd.jpg)
2022, July, 7, 11:00:00
OIL PRICE: BRENT NEAR $101, WTI NEAR $99
Brent rose 16 cents, or 0.2%, to $100.85 a barrel, WTI climbed 18 cents, or 0.2%, to $98.71 a barrel.
![Oil](/cache/07-22/india-061.949dcb32.jpg)
2022, July, 7, 10:50:00
INDIA NEED OIL INVESTMENT
The oil ministry said June 29 that India would allow operators to sell locally-produced crude in the domestic market without restrictions from Oct. 1, but restrictions on exporting locally-produced crude would remain.
![Oil](/cache/07-22/barkindo.4fd8ca64.jpg)
2022, July, 7, 10:35:00
THE PASSING OF THE OPEC SECRETARY GENERAL
Mohammad Sanusi Barkindo: an OPEC icon, a dear friend to many