Oil
![Oil](/cache/10-21/india-013.d897da63.jpg)
2021, October, 22, 11:25:00
IMPORTANT OIL FOR INDIA
Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,
![Oil](/cache/10-21/usa-024.91fcbaa0.jpg)
2021, October, 22, 11:00:00
U.S. OIL INVENTORIES DOWN BY 0.4 MB TO 426.5 MB
U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 426.5 million barrels.
![Oil](/cache/10-21/price-0255.dcab3a69.jpg)
2021, October, 21, 15:35:00
OIL PRICE: NEAR $85 ANEW
Brent rose as high as $86.10 and was down 92 cents, or 1.1%, to $84.90. WTI fell 74 cents, or 0.9%, to $82.68.
![Oil](/cache/10-21/india-012.e8df0909.jpg)
2021, October, 21, 15:30:00
INDIA, OPEC OIL DEAL
India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.
![Oil](/cache/10-21/norway-017.ee06b568.jpg)
2021, October, 21, 15:00:00
NORWAY OIL, GAS PRODUCTION 2.022 MBD
Preliminary production figures for September 2021 show an average daily production of 2 022 000 barrels of oil, NGL and condensate.
![Oil](/cache/10-2017/price-0249.e0f592ef.jpg)
2021, October, 20, 11:50:00
OIL PRICE: BELOW $85
Brent dropped 64 cents, or 0.8%, to $84.44 a barrel. WTI fell 56 cents to $82.40 a barrel.
![Oil](/cache/10-21/iraq-003.97e5d1eb.jpg)
2021, October, 20, 11:30:00
IRAQ OIL IS NEEDED
Iraq's State Oil Marketing Organization, or SOMO, cut November official selling price differentials by 40-50 cents/b across its Asia-bound Basrah crude grades.
![Oil](/cache/10-21/price-0162.77396ceb.jpg)
2021, October, 19, 12:55:00
OIL PRICE: NEAR $85
Brent rose 35 cents, or 0.4%, to $84.68 a barrel. WTI gained 70 cents, or 0.9%, to $83.14.
![Oil](/cache/10-21/price-0242.d5299aa6.jpg)
2021, October, 19, 12:35:00
GLOBAL ENERGY PRICES UP
Several factors are fuelling this price surge in energy commodities – primary among them is energy demand having rebounded as economies get back to business and consumers return to pre-pandemic levels of economic activity.
![Oil](/cache/10-21/price-0232.33005f2c.jpg)
2021, October, 18, 12:55:00
OIL PRICE: ABOVE $85
Brent were up 59 cents, or 0.7%, to $85.45 a barrel . WTI were up 59 cents, or 0.7%, to $85.45 a barrel .
![Oil](/cache/10-21/rig-014.08a5c1a2.jpg)
2021, October, 18, 12:00:00
U.S. RIGS UP 10 TO 543
U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.
![Oil](/cache/10-21/price-0220.51c7d79d.jpg)
2021, October, 15, 09:40:00
OIL PRICE: ABOVE $84
Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.
![Oil](/cache/10-21/oil-006.af2ea700.jpg)
2021, October, 15, 09:35:00
GLOBAL OIL DEMAND WILL UP BY 5.8 MBD
World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.
![Oil](/cache/10-21/usa-022.28956345.jpg)
2021, October, 15, 09:20:00
U.S. OIL INVENTORIES UP BY 6.1 MB TO 427.0 MB
U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.
![Oil](/cache/10-21/price-0247.cecd7203.jpg)
2021, October, 14, 13:35:00
OIL PRICE: NEAR $84 AGAIN
Brent gained 67 cents, or 0.8%, to $83.85 a barrel. WTI climbed 62 cents, or 0.8%, to $81.06 a barrel.