Oil
![Oil](/cache/05-22/europe-021.0ec0a6a6.jpg)
2022, May, 19, 13:50:00
EUROPEAN ENERGY SUICIDE
Saying no to Russian energy means that Europe will systemically and for the long term become the world’s most costly region for energy resources.
![Oil](/cache/05-22/price-0488.ad2d87cb.jpg)
2022, May, 19, 13:40:00
RUSSIAN OIL PRODUCTION UPDOWN
After a fall of 1 million b/d in April, Russian oil production has risen by 200,000-300,000 b/d in May and will continue to increase next month
![Oil](/cache/05-22/usa-0128.2156beeb.jpg)
2022, May, 19, 13:15:00
U.S. OIL INVENTORIES DOWN BY 3.4 MB TO 420.8 MB
U.S. commercial crude oil inventories decreased by 3.4 million barrels to 420.8 million barrels.
![Oil](/cache/05-22/price-0495.d07a1dfe.jpg)
2022, May, 18, 12:15:00
OIL PRICE: BRENT ABOVE $113, WTI ABOVE $114
Brent was up 23 cents, or 0.2%, at $112.16 a barrel, WTI climbed 71 cents, or 0.6%, to $113.11 a barrel.
![Oil](/cache/05-22/price-0497.334db778.jpg)
2022, May, 18, 12:10:00
OPEC OIL PRICE: $117.20
The price of OPEC basket of thirteen crudes stood at $117.20 a barrel on Tuesday
![Oil](/cache/05-22/india-043.c4a74a3f.jpg)
2022, May, 18, 12:05:00
INDIA'S OIL DEMAND UPDOWN
India's oil demand is expected to grow by 245,000 b/d year on year in 2022, revised up by about 20,000 b/d from an earlier outlook, due to better-than-expected demand trends.
![Oil](/cache/05-22/price-0492.9e4152a9.jpg)
2022, May, 17, 13:55:00
OIL PRICE: BRENT ABOVE $115, WTI ABOVE $114
Brent rose as high as $115.14, WTI slid 26 cents, or 0.2%, to $113.94.
![Oil](/cache/05-22/price-0493.571ecf40.jpg)
2022, May, 17, 13:50:00
OPEC OIL PRICE: $113.07
The price of OPEC basket of thirteen crudes stood at $113.07 a barrel on Monday
![Oil](/cache/05-22/price-0471.154b3555.jpg)
2022, May, 17, 13:25:00
ENERGY MARKET REVIEW APRIL 2022
Due to the ongoing geopolitical crisis, the EU member states have set up a purchasing platform for gas, LNG and hydrogen. In this way, one wants to become more independent of Russian energy imports and react against the strong price fluctuations of natural gas.
![Oil](/cache/05-22/price-0479.06e67292.jpg)
2022, May, 16, 12:20:00
OIL PRICE: BRENT NEAR $110, WTI NEAR $109
Brent were down $1.42, or 1.3%, at $110.13 a barrel, WTI were $1.10, or 1.0%, lower at $109.39 a barrel.
![Oil](/cache/05-22/price-0481.63018c14.jpg)
2022, May, 16, 12:15:00
OPEC OIL PRICE: $112.37
The price of OPEC basket of thirteen crudes stood at $112.37 a barrel on Friday
![Oil](/cache/05-22/europe-018.0a8b29b0.jpg)
2022, May, 16, 12:10:00
EUROPEAN ENERGY STORM
The energy package due this week may include measures to address the increasing household costs and energy poverty.
![Oil](/cache/05-22/europe-020.3787726d.jpg)
2022, May, 16, 12:05:00
GERMANY AGAINST RUSSIAN OIL
Russia’s share of German crude consumption has already declined to 12% from about 35% before the war in Ukraine, according to the Economy Ministry in Berlin.
![Oil](/cache/05-22/china-084.e6a2db7f.jpg)
2022, May, 16, 12:00:00
CHINA'S OIL DOWN TO 12.7 MBD
The crude throughput was the lowest since March 2020 when it was at 11.81 million b/d, following lockdowns after the initial COVID-19 wave.
![Oil](/cache/05-22/rig-048.1b9e4809.jpg)
2022, May, 16, 11:30:00
U.S. RIGS UP 9 TO 714
U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.