Oil
2022, August, 15, 12:25:00
EUROPEAN ENERGY APOCALYPSE
Berlin is already under serious pressure after Russia cut flows through Nord Stream 1, the key connector with Europe, which is currently running at just 20 per cent capacity.
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
2022, August, 15, 12:05:00
U.S. RIGS DOWN 1 TO 763
U.S. Rig Count is down 1 from last week to 763, Canada Rig Count is down 2 from last week to 201.
2022, August, 12, 09:10:00
OIL PRICE: BRENT NEAR $99, WTI NEAR $94
Brent fell 49 cents, or 0.5%, to $99.11 a barrel, WTI fell 50 cents, or 0.5%, to $93.84 a barrel.
2022, August, 12, 09:05:00
OPEC OIL PRICE: $101.29
The price of OPEC basket of thirteen crudes stood at $101.29 a barrel
2022, August, 12, 09:00:00
GLOBAL OIL DEMAND 2022 - 23: 100.0 - 102.7 MBD
For 2023, the forecast for world oil demand growth remains unchanged at 2.7 mb/d, with total oil demand averaging 102.7 mb/d.
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.
