Oil
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.
2022, August, 4, 10:55:00
OPEC OIL PRICE: $104.86
The price of OPEC basket of thirteen crudes stood at $104.86 a barrel
2022, August, 4, 10:50:00
OPEC + RUSSIA + 100 TBD
Adjust upward the production level for OPEC and non-OPEC Participating Countries by 0.1 mb/d for the month of September 2022
2022, August, 4, 10:45:00
RUSSIAN OIL WITHOUT LIMITS
While the U.S. and European Union have already moved to ban imports of Russian oil into their ports, officials are now scrambling to curb Russia’s revenue from its oil sales globally and also avoid soaring energy prices during a time of high inflation.
2022, August, 4, 10:40:00
EUROPE WILL PAY MORE
Energy consumer prices are rising at an annual rate of nearly 40 per cent in the eurozone and 57 per cent in the UK, reflecting the surge in wholesale gas and oil prices after Russia’s invasion of Ukraine. That is drastically eating into households’ disposable income.
2022, August, 4, 10:35:00
GERMAN ENERGY IS EXPENSIVE
The incentive to reduce gas consumption is huge after Putin reduced supplies to Germany via the Nord Steam 1 pipeline. The Dutch TTF gas contract, a European benchmark, is trading above 205 euros ($209) per megawatt hour, 10 times its average in the decade through 2020 and equivalent to about $350 per barrel of oil.
2022, August, 4, 10:30:00
EUROPE NEED OIL GAS INVESTMENT
TotalEnergies said it would boost spending on short-cycle projects this year to help ease Europe's growing energy supply crunch. It expects its full-year capital spending to hit $16 billion in 2022 as it hopes to increase its sources of European natural gas and produce more LNG in the coming months.
2022, August, 4, 10:15:00
U.S. OIL INVENTORIES UP BY 4.5 MB TO 426.6 MB
U.S. commercial crude oil inventories increased by 4.5 million barrels to 426.6 million barrels.
2022, August, 3, 12:45:00
OIL PRICE: BRENT ABOVE $99, WTI ABOVE $93
Brent were down $1.34, or 1.3%, at $99.20 a barrel, WTI fell $1.28, or 1.4%, to $93.14 a barrel.
2022, August, 3, 12:40:00
OPEC OIL PRICE: $106.80
The price of OPEC basket of thirteen crudes stood at $106.80 a barrel