Oil
2022, August, 12, 08:55:00
OIL PRICES 2022-23: $105 - $95
The spot price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast the Brent price will average $104/b in 2022 and $94/b in 2023.
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
2022, August, 12, 08:10:00
U.S. OIL INVENTORIES UP BY 5.5 MB TO 432.0 MB
U.S. commercial crude oil inventories increased by 5.5 million barrels to 432.0 million barrels.
2022, August, 9, 14:40:00
OIL PRICE: BRENT NEAR $98, WTI NEAR $92
Brent fell $1.34, or 1.4%, to $95.31 a barrel, WTI dropped $1.25, or 1.4%, to $89.51.
2022, August, 9, 14:30:00
WITHOUT RUSSIAN SANCTIONS
Much of the world isn’t ready to follow US and European efforts to isolate President Vladimir Putin’s Russia.
2022, August, 8, 12:50:00
OIL PRICE: BRENT ABOVE $94, WTI ABOVE $88
Brent were down 51 cents, or 0.5%, at $94.41 a barrel, WTI was at $88.58 a barrel, down 43 cents, or 0.5%.
2022, August, 8, 12:45:00
OPEC OIL PRICE: $100.01
The price of OPEC basket of thirteen crudes stood at $100.01 a barrel
2022, August, 8, 12:35:00
CHINA OIL IMPORTS UPDOWN
China's crude stocks stood at an 11-month high of 945 million barrels in May, accounting for 63% of the country's crude storage capacity
2022, August, 8, 12:30:00
JAPAN NEED RUSSIAN OIL GAS
"Sakhalin-1 is a valuable non-Middle East source for Japan, which depends on the Middle East for 90% of its crude oil imports," said Haguida, the minister for economy, trade and industry.
2022, August, 8, 12:25:00
OIL NEED INVESTMENT $12 TLN
Al-Ghais noted that oil investments have not yet returned to pre-pandemic levels. He said it is difficult to forecast oil markets due to the current global economic conditions.
2022, August, 8, 12:20:00
U.S. OIL GAS PLAN 2022
10 in 2022: Ten Policies to Unleash American Energy and Fuel Recovery
2022, August, 8, 12:10:00
SAUDI, CHINA COOPERATION
The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.
2022, August, 8, 11:50:00
WORLDWIDE RIG COUNT UP 69 TO 1,775
The Worldwide Rig Count for July was 1,775, up 69 from the 1,706 counted in June 2022,and up 395 from the 1,380 counted in July 2021.
2022, August, 8, 11:45:00
U.S. RIGS DOWN 3 TO 764
U.S. Rig Count is down 3 from last week to 764, Canada Rig Count is down 1 from last week to 203.
2022, August, 4, 11:00:00
OIL PRICE: BRENT ABOVE $96, WTI ABOVE $90
Brent rose 10 cents, or 0.1%, at $96.88 a barrel, WTI was up 21 cents, a 0.2% gain, at $90.87.
