Prices
2022, May, 31, 13:40:00
OIL PRICE: BRENT NEAR $124, WTI NEAR $119
Brent rose $2.31, or 1.9%, to $123.98 a barrel, WTI crude was trading at $119.34 a barrel.
2022, May, 31, 13:35:00
OPEC OIL PRICE: $120.01
The price of OPEC basket of thirteen crudes stood at $120.01 a barrel on Monday
2022, May, 31, 13:05:00
EUROPE BANS RUSSIAN OIL
"The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned," Michel said in a tweet after a summit meeting.
2022, May, 30, 11:45:00
OIL PRICE: BRENT NEAR $120, WTI NEAR $115
Brent was up 47 cents, or 0.4%, at $119.90 a barrel, WTI jumped 72 cents, or 0.6%, to $115.79 a barrel.
2022, May, 30, 11:40:00
OPEC OIL PRICE: $118.84
The price of OPEC basket of thirteen crudes stood at $118.84 a barrel on Friday,
2022, May, 30, 10:55:00
U.S. RIGS DOWN 1 TO 727
U.S. Rig Count is is down 1 from last week to 727, Canada Rig Count is up 15 from last week to 103.
2022, May, 27, 12:40:00
OIL PRICE: BRENT ABOVE $118, WTI ABOVE $114
Brent was up 58 cents, or 0.5%, at $117.98 , WTI rose 27 cents, or 0.2%, at $114.36 a barrel.
2022, May, 27, 12:35:00
OPEC OIL PRICE: $116.50
The price of OPEC basket of thirteen crudes stood at $116.50 a barrel on Thursday
2022, May, 27, 12:30:00
HIGH GAS PRICES
Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis.
2022, May, 27, 12:25:00
MORE RUSSIAN OIL FOR CHINA, INDIA
A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.
2022, May, 27, 12:20:00
RUSSIAN OIL FOR CHINA UP ANEW
China has emerged as a willing buyer of Russian oil as others shun the OPEC+ producer’s energy due to the war in Ukraine.
2022, May, 27, 12:15:00
GLOBAL LNG UNCERTAINTY
Some key questions include how much gas or LNG will move from North America to Europe and how much gas demand will move in the opposite direction and when it comes to Europe,
2022, May, 27, 12:00:00
U.S. OIL INVENTORIES DOWN BY 1.0 MB TO 419.8 MB
U.S. commercial crude oil inventories decreased by 1.0 million barrels to 419.8 million barrels.
2022, May, 26, 12:40:00
OIL PRICE: BRENT ABOVE $114, WTI NEAR $111
Brent gained 47 cents, or 0.41%, to $114.50 a barrel , WTI climbed 53 cents, or 0.48%, to $110.86 a barrel.
2022, May, 25, 11:45:00
OIL PRICE: BRENT ABOVE $114, WTI ABOVE $112
Brent rose 44 cents, or 0.4%, to $114.00 a barrel, WTI rose 51 cents, or 0.5%, to $110.28 a barrel.
