Oil
![Oil](/cache/11-21/gecf-opec.5bb8359e.jpg)
2021, November, 1, 13:45:00
OPEC-GECF SUSTAINABLE ENERGY
“Together, OPEC and GECF can count on their respective competencies to ensure that the global economy heals after the devastation of coronavirus and that a reliable and secure energy supply serves humanity like never before,”
![Oil](/cache/11-21/saudi-008.ef1c9009.jpg)
2021, November, 1, 13:25:00
SAUDI ARAMCO NET INCOME $30.4 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its third quarter financial results, recording a 158% year-on-year (YoY) increase in net income to $30.4 billion and declaring a dividend of $18.8 billion to be paid in the fourth quarter.
![Oil](/cache/11-21/shell-004.b6b68da3.jpg)
2021, November, 1, 13:20:00
SHELL LOSS $400 MLN
Third quarter 2021 income attributable to Royal Dutch Shell plc shareholders was a loss of $0.4 billion, which included non-cash charges of $5.2 billion due to the fair value accounting of commodity derivatives and post-tax impairment charges of $0.3 billion, partly offset by net gains on sale of assets of $0.3 billion.
![Oil](/cache/11-21/rig-016.500da780.jpg)
2021, November, 1, 13:15:00
U.S. RIGS UP 2 TO 544
U.S. Rig Count is up 2 from last week to 544, Canada Rig Count is up 2 from last week to 166.
![Oil](/cache/10-21/price-0293.bc1cfedb.jpg)
2021, October, 29, 14:30:00
OIL PRICE: NOT BELOW $84
Brent rose 21 cents, or 0.3%, to $84.53 a barrel, WTI added 10 cents, or 0.1%, to $82.91.
![Oil](/cache/10-21/price-0281.46584908.jpg)
2021, October, 29, 14:25:00
OPEC+ 400 TBD AGAIN
Ministers from the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies - colectively known as OPEC+ - meet on Nov. 4 to decide output policy.
![Oil](/cache/10-21/saudi-005.22d240e0.jpg)
2021, October, 29, 13:35:00
SAUDI ARABIA'S HYDROGEN PROJECT $7.2 BLN
The Jazan IGCC project will convert vacuum residue to be produced in the adjacent Jazan refinery (400,000 bbl/d) into synthesis gas (syngas).
![Oil](/cache/10-21/usa-026.e5b00507.jpg)
2021, October, 29, 13:30:00
U.S. OIL INVENTORIES UP BY 4.3 MB TO 430.8 MB
U.S. commercial crude oil inventories increased by 4.3 million barrels from the previous week to 430.8 million barrels.
![Oil](/cache/10-21/price-0287.d8e89459.jpg)
2021, October, 28, 14:10:00
OIL PRICE: NOT BELOW $83
Brent dropped $1.07, or 1.3%, to $83.51 a barrel, WTI was down $1.20, or 1.5%, at $81.46.
![Oil](/cache/10-21/price-0281.46584908.jpg)
2021, October, 28, 14:00:00
OPEC+ OIL DELIVERIES +400 TBD
OPEC+ has been sticking to its script of bringing on 400,000 b/d of crude to the market each month, with the Saudi energy minister suggesting panic buying is causing much of the market tightness.
![Oil](/cache/10-21/price-0279.4dbbe8f7.jpg)
2021, October, 27, 13:10:00
OIL PRICE: NOT ABOVE $86 ANEW
Brent fell $1.13 cents, or 1.3%, to $85.27 a barrel, WTI were down $1.44, or 1.7%, to $83.21 per barrel.
![Oil](/cache/10-21/price-0273.10fda07c.jpg)
2021, October, 26, 13:30:00
OIL PRICE: NOT ABOVE $86
Brent was down 55 cents, or 0.6%, at $85.44 a barrel, WTI dropped 56 cents, or 0.7%, to $83.20.
![Oil](/cache/10-21/price-0267.8865f854.jpg)
2021, October, 25, 12:30:00
OIL PRICE: ABOVE $86
Brent increased 56 cents, or 0.7%, to $86.09 a barrel, WTI rose 62 cents, or 0.7%, to $84.38 a barrel.
![Oil](/cache/10-21/rig-015.2a913d0d.jpg)
2021, October, 25, 12:00:00
U.S. RIGS DOWN 1 TO 542
U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.
![Oil](/cache/10-21/price-0261.f09fc9c5.jpg)
2021, October, 22, 11:30:00
OIL PRICE: NOT ABOVE $85 ANEW
Brent dropped 50 cents, or 0.6%, to $84.11 a barrel. WTI fell 49 cents, or 0.6%, to $82.01 a barrel.