Oil
![Oil](/cache/11-23/price-19.63b303c7.jpg)
2023, November, 27, 07:00:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $75
Brent fell 37 cents, or 0.5%, to $80.21 a barrel, WTI were at $75.18 a barrel, down 36 cents, or 0.5%.
![Oil](/cache/11-23/price-15.7ccbfc32.jpg)
2023, November, 27, 06:55:00
OPEC+ ONLINE MEETING
With global oil demand set to moderate in the first quarter of 2024, the OPEC+ alliance appears set to extend its production cuts, though the duration is yet to be determined, analysts say. As well, deeper cuts could be considered, some OPEC+ officials have hinted.
![Oil](/cache/11-23/price-12.e20d7b8e.jpg)
2023, November, 23, 07:00:00
OIL PRICE: BRENT NEAR $81, WTI ABOVE $76
Brent were down $1.04, or 1.3%, at $80.92 a barrel, WTI dipped 90 cents, or 1.2%, to $76.20.
![Oil](/cache/11-23/russia-2.d5589d06.jpg)
2023, November, 23, 06:50:00
RUSSIAN OIL GAS PRODUCTION DOWN
Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.
![Oil](/cache/11-23/china-1.24f74ba8.jpg)
2023, November, 23, 06:45:00
NON-OIL NON-DOLLAR
China, which has been promoting the yuan’s use in transactions with major energy and commodity exporters, is Saudi Arabia’s biggest trade partner.
![Oil](/cache/11-23/venezuela-1.966bacf5.jpg)
2023, November, 23, 06:30:00
VENEZUELA'S DEBT OVERVIEW
We estimate Venezuela’s external debt stands at around US$167 billion. The majority is from the sovereign at US$107 billion, with PDVSA adding US$59 billion and ELECAR another US$1 billion. 21% is arrears due to missed interest payments.
![Oil](/cache/11-23/nuclear-1.5cdc7678.jpg)
2023, November, 23, 06:00:00
NUCLEAR FOR SRI LANKA
Sri Lanka's 2020 production of 15.6 TWh of electricity was dominated by fossil fuels, which accounted for some 10 TWh, and hydro (5 TWh) alongside some wind and solar,
![Oil](/cache/11-23/price-11.23fc3f94.jpg)
2023, November, 22, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI NEAR $78
Brent rose 11 cents, or 0.1%, to $82.56 a barrel, WTI rose 14 cents, or 0.2%, to $77.91.
![Oil](/cache/11-23/price-7.7c5e6de5.jpg)
2023, November, 22, 06:55:00
RUSSIAN OIL PRICE COMFORT
Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna.
![Oil](/cache/11-23/price-2.6a9f5144.jpg)
2023, November, 22, 06:50:00
RUSSIAN, EUROPE OIL CAP
The European Commission hopes to introduce a "requirement for attestations to also include itemized ancillary costs, such as insurance and freight," on top of a declaration on the price paid for the Russian oil.
![Oil](/cache/11-23/price-6.d63fb2eb.jpg)
2023, November, 22, 06:45:00
GLOBAL OIL DEMAND WILL UP BY 2.5 MBD
The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.
![Oil](/cache/11-23/price-5.78b90032.jpg)
2023, November, 17, 07:00:00
OIL PRICE: BRENT ABOVE $77, WTI NEAR $73
Brent were up 10 cents, or 0.1%, at $77.52 a barrel, WTI was nearly flat at $72.95.
![Oil](/cache/11-23/india-1.12116fb2.jpg)
2023, November, 17, 06:55:00
INDIA'S OIL DIVERSIFICATION
Oil ministry officials said India diversified its sources to import crude from as many as 39 nations and hoped the return of OPEC member Venezuela would add to the country's list of steady suppliers.
![Oil](/cache/11-23/price-1.90320961.jpg)
2023, November, 17, 06:50:00
OIL PRICES 2023-24: $90 - $93
The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.
![Oil](/cache/11-23/oil-1.9f988b07.jpg)
2023, November, 17, 06:30:00
GLOBAL OIL DEMAND WILL UP
Global oil demand is now projected to rise by 2.4 million b/d in 2023 to 102 million b/d, but growth will decelerate to 930,000 b/d in 2024,