Prices
2022, July, 15, 11:55:00
U.S. GAS PRICE DOUBLED
During the past 12 months (July 2021–June 2022), the monthly average Henry Hub natural gas spot price, which is a U.S. benchmark, nearly doubled
2022, July, 15, 11:25:00
U.S. OIL INVENTORIES UP BY 3.3 MB TO 427.1 MB
U.S. commercial crude oil inventories increased by 3.3 million barrels to 427.1 million barrels.
2022, July, 14, 12:35:00
OIL PRICE: BRENT BELOW $98, WTI BELOW $94
Brent were down 18 cents to $99.39 a barrel, WTI was at $95.84 a barrel, down 43 cents.
2022, July, 13, 11:50:00
OIL PRICE: BRENT NEAR $100, WTI NEAR $97
Brent was up 73 cents, or 0.7%, at $100.22 a barrel, WTI gained 68 cents, or 0.7%, to $96.52.
2022, July, 13, 11:45:00
OIL PRICES 2022-23: $104 - $94
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, July, 13, 11:40:00
GLOBAL OIL DEMAND 2022 - 23: 100.3 - 103.0 MBD
Total oil demand is projected to average 100.3 mb/d. For 2023, world oil demand growth is expected to reach 2.7 mb/d to average 103.0 mb/d.
2022, July, 11, 13:40:00
OIL PRICE: BRENT NEAR $105, WTI ABOVE $102
Brent fell $1.29, or 1.2%, to $105.73 a barrel, WTI declined by $1.78, or 1.7%, to $103.01.
2022, July, 11, 13:35:00
EUROPEAN GAS PRICES DOWN
Europe’s energy industry has been plunged further into turmoil since Russia deepened its supply cuts last month.
2022, July, 11, 13:30:00
CANADA WITHOUT RUSSIA SANCTIONS
Russia's Gazprom on June 16 cut gas supplies via the Nord Stream pipeline to Germany to just 40% of capacity, citing maintenance issues with gas turbines at the key Portovaya compressor station.
2022, July, 11, 13:05:00
U.S. RIGS UP 2 TO 752
U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.
2022, July, 8, 14:50:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $103
Brent rose 35 cents, or 0.3%, to $105.00 a barrel, WTI gained 19 cents, or 0.2%, to $102.92.
2022, July, 8, 14:45:00
EUROPEAN GAS PRICES UPDOWN
Dutch front-month gas, the European benchmark, fell as much as 10%, and was 6.4% lower at 171.49 euros per megawatt-hour at 9:49 a.m. in Amsterdam. The contract has doubled over the past month. The UK equivalent declined 6.2%, but was also heading for a weekly gain.
2022, July, 8, 14:40:00
OPEC+ PRODUCTION UP BY 390 TBD
Combined, OPEC+ crude production rose to a three-month high of 42.09 million b/d of June,
2022, July, 8, 14:25:00
BRITAIN'S ENERGY CRISIS
The UK's gas storage capacity is tiny when compared with most of Europe. The UK has just 0.9 Bcm of gas storage relative to around 80 Bcm of annual consumption, compared with Europe which has roughly 105 Bcm of gas storage, equal to 22% of annual utilization, according to industry body Offshore Energy UK.
2022, July, 7, 11:00:00
OIL PRICE: BRENT NEAR $101, WTI NEAR $99
Brent rose 16 cents, or 0.2%, to $100.85 a barrel, WTI climbed 18 cents, or 0.2%, to $98.71 a barrel.