Oil
![Oil](/cache/07-22/sanctions-013.9f3fd517.jpg)
2022, July, 7, 10:30:00
U.S., IRAN SANCTIONS ANEW
The sanctions freeze assets of companies based in Iran, Vietnam, Singapore, the UAE and Hong Kong.
![Oil](/cache/07-22/europe-031.a8aea279.jpg)
2022, July, 7, 10:25:00
FRANCE'S ENERGY SUPPORT €5 BLN
The European Commission has approved a €5bn French scheme to support energy-intensive companies that have been particularly hit by the recent increase in energy prices.
![Oil](/cache/07-22/price-00136.759f2a4b.jpg)
2022, July, 6, 11:25:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $101
Brent rose as much as $3.08, or 2.9%, to $105.85 a barrel, WTI climbed to a session high of $102.14 a barrel.
![Oil](/cache/07-22/russia-0150.ad25d2b9.jpg)
2022, July, 6, 11:15:00
RUSSIA GOT $24 BLN
China spent $18.9 billion on Russian oil, gas and coal in the three months to the end of May, almost double the amount a year earlier, latest customs data show. Meanwhile, India shelled out $5.1 billion in the same period, more than five times the value of a year ago.
![Oil](/cache/07-22/price-00133.e597bebb.jpg)
2022, July, 5, 12:35:00
OIL PRICE: BRENT NEAR $113, WTI ABOVE $109
Brent fell by 60 cents, or 0.5%, to $112.89 a barrel, WTI climbed $1.13, or 1.1%, to $109.58 a barrel.
![Oil](/cache/07-22/russia-india-flag.c7e38573.jpg)
2022, July, 5, 12:30:00
RUSSIA, INDIA: RELIABLE PARTNERS
Many of our companies, including energy companies, are operating in Indonesia. There is interest in developing the national nuclear power industry.
![Oil](/cache/07-22/commodities-001.742a4fd6.jpg)
2022, July, 5, 11:55:00
STRONG OIL VOLATILITY
Last week we saw major volatility on the Oil tabs especially on the Bearish alignment,as the rangebound zones maintained within the Crude Oil WTI
![Oil](/cache/07-22/rig-057.fa84f431.jpg)
2022, July, 5, 11:45:00
WORLDWIDE RIG COUNT UP 78 TO 1,706
The Worldwide Rig Count for May was 1,706, up 78 from the 1,628 counted in May 2022,and up 381 from the 1,325 counted in May 2021.
![Oil](/cache/07-22/rig-056.c21769c7.jpg)
2022, July, 5, 11:40:00
U.S. RIGS DOWN 3 TO 750
U.S. Rig Count is down 3 from last week to 750, Canada Rig Count is up 12 from last week to 166.
![Oil](/cache/07-22/price-00131.b595aad5.jpg)
2022, July, 4, 13:10:00
OIL PRICE: BRENT ABOVE $111, WTI ABOVE $108
Brent fell 33 cents, or 0.3%, to $111.30 a barrel, WTI slipped 40 cents, or 0.4%, to $108.03.
![Oil](/cache/07-22/price-00127.d6b25fd1.jpg)
2022, July, 4, 13:05:00
OPEC OIL PRICE: $113.20
The price of OPEC basket of thirteen crudes stood at $113.20 a barrel
![Oil](/cache/07-22/price-00125.94b5b9a8.jpg)
2022, July, 4, 12:55:00
OPEC + RUSSIA + 648 TBD
Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th and 29th OPEC and non-OPEC Ministerial Meetings and the decision to adjust upward the monthly overall production for the month of August 2022 by 0.648 mb/d.
![Oil](/cache/07-22/iran-018.8ad5c0f5.jpg)
2022, July, 4, 12:35:00
IRANIAN OIL RISES
Iran could increase production to levels before the sanctions, he said, without giving an estimate of current output.
![Oil](/cache/06-22/price-00126.7617f0ae.jpg)
2022, June, 28, 12:10:00
OIL PRICE: BRENT NEAR $117, WTI ABOVE $111
Brent climbed $1.9, or 1.7%, to $116.99, WTI rose $1.8, or 1.6%, to $111.36 a barrel.
![Oil](/cache/06-22/price-00124.8dc3dde9.jpg)
2022, June, 28, 12:05:00
OPEC OIL PRICE: $112.35
The price of OPEC basket of thirteen crudes stood at $112.35 a barrel