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Oil

Oil
2024, February, 2, 06:55:00
INDIA NEED OIL REFINING
India’s refining capacity is projected to increase by 56 million tons by 2028, Junior Oil Minister Rameswar Teli said last month, without elaborating. That equates to an overall capacity boost of 22%, or 1.12 million barrels a day.
Oil
2024, February, 2, 06:50:00
INDIA NEED MORE COAL
India recorded a peak electricity demand of 243 gigawatts last year, exceeding the power ministry’s projections of 229 gigawatts and prompting the ministry to push for more coal power. Maximum demand is expected to jump to 366 gigawatts by 2032.
Oil
2024, January, 29, 07:00:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $78
Brent rose 29 cents, or 0.4%, to $83.84 a barrel, WTI gained 34 cents, or 0.4%, to $78.35 a barrel.
Oil
2024, January, 29, 06:40:00
CHINA NEED OIL & GAS
CNOOC expects production to continue growing over the next two years, with plans to reach 2.25 million boe/d in 2026.
Oil
2024, January, 24, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI ABOVE $74
Brent dipped 14 cents, or 0.1%, to $79.41 a barrel, WTI ticked down 11 cents, or 0.2%, to $74.26 a barrel.
Oil
2024, January, 24, 06:50:00
RUSSIAN OIL EXPORTS CONTINUING
Naphtha and fuel oil are loaded onto Clearocean Apollon Clyde Noble tankers at the nearby Ust-Luga Oil terminal.
Oil
2024, January, 24, 06:40:00
U.S., RUSSIA OIL SANCTIONS
In the last few months of 2023, the US ramped up enforcement of the price cap and imposed multiple rounds of sanctions on entities and ships that carried Russian crude oil above the price cap.
Oil
2024, January, 22, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI ABOVE $73
Brent fell 9 cents, or 0.1%, to $78.47 a barrel, WTI inched up 11 cents to $73.52 a barrel.
Oil
2024, January, 22, 06:55:00
GLOBAL OIL DEMAND 2025: +1.8 MBD
The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
Oil
2024, January, 22, 06:50:00
PHILIPPINES NEED OIL
Beijing’s agenda in the South China Sea may also be spurred by energy interests
Oil
2024, January, 18, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI BELOW $73
Brent gained 28 cents to $78.16 a barrel , WTI rose 34 cents at $72.90.
Oil
2024, January, 11, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI BELOW $72
Brent rose 21 cents, or 0.27%, to $77.01 a barrel. WTI gained 20 cents, or 0.28%, to reach $71.57 a barrel.
Oil
2024, January, 11, 06:30:00
WORLDWIDE RIG COUNT DOWN 55 TO 1,739
The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 2022.
Oil
2024, January, 9, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI NEAR $71
Brent frose 18 cents, or 0.2%, to $76.30 a barrel. WTI inched up 0.1%, or 6 cents, to $70.83 a barrel.
Oil
2024, January, 9, 06:55:00
U.S., RUSSIAN OIL SANCTIONS
The US Treasury Department announced the steps Wednesday, including sanctions on Bellatrix Energy Ltd., a Hong Kong-based firm among the shadowy traders that emerged to help Russia keep its oil exports flowing.