Prices
2022, May, 16, 12:15:00
OPEC OIL PRICE: $112.37
The price of OPEC basket of thirteen crudes stood at $112.37 a barrel on Friday
2022, May, 16, 11:30:00
U.S. RIGS UP 9 TO 714
U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.
2022, May, 13, 11:50:00
OIL PRICE: BRENT ABOVE $108, WTI ABOVE $106
Brent were up $1.68, or 1.6%, at $109.13 a barrel, WTI climbed $1.40, or 1.3%, to $107.53 a barrel.
2022, May, 13, 11:45:00
OPEC OIL PRICE: $109.02
The price of OPEC basket of thirteen crudes stood at $109.02 a barrel on Wednesday
2022, May, 13, 11:40:00
GLOBAL OIL DEMAND 2022: +3.4 MBD
World oil demand growth in 2022 is expected to increase by 3.4 mb/d y-o-y, representing a downward revision of 0.3 mb/d from last month’s report, with 1.8 mb/d in the OECD and 1.6 mb/d in the non-OECD.
2022, May, 13, 11:05:00
U.S. OIL INVENTORIES UP BY 8.5 MB TO 424.2 MB
U.S. commercial crude oil inventories increased by 8.5 million barrels to 424.2 million barrels.
2022, May, 12, 14:15:00
OIL PRICE: BRENT ABOVE $105, WTI ABOVE $103
Brent down $2.26, or 2.1%, to $105.25 a barrel, WTI fell $2.45, or 2.3%, to $103.26 a barrel.
2022, May, 11, 11:30:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $102
Brent was up $2.35, or 2.41%, to $104.84 a barrel, WTI climbed $2.2, or 2.24%, to $101.97 a barrel.
2022, May, 11, 11:25:00
OPEC OIL PRICE: $108.18
The price of OPEC basket of thirteen crudes stood at $108.18 a barrel on Tuesday,
2022, May, 11, 11:20:00
OIL PRICES 2022-23: $107 - $97
The Brent price will average $107/b in 2Q22 and $103/b in the second half of 2022, the average price to fall to $97/b in 2023.
2022, May, 11, 11:10:00
EUROPEAN GAS PRICES UPDOWN
Russia supplied about 40% of the European Union’s gas demand last year, and about a third of that transited Ukraine, making it a linchpin in the continent’s energy security.
2022, May, 11, 10:50:00
GLOBAL MARKETS MINIMUMS
There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.
2022, May, 11, 10:30:00
WORLDWIDE RIG COUNT DOWN 58 TO 1,603
The Worldwide Rig Count for April was 1,603, down 58 from the 1,661 counted in March 2022,and up 414 from the 1,189 counted in April 2021.
2022, May, 11, 10:25:00
U.S. RIGS UP 7 TO 705
U.S. Rig Count is up 7 from last week to 705 , Canada Rig Count is down 4 from last week to 91.
2022, May, 6, 11:30:00
OIL PRICE: BRENT BELOW $112, WTI BELOW $109
Brent rose 88 cents, or 0.8%, to $111.78 a barrel, WTI climbed 84 cents, or 0.8%, to $109.10 a barrel.
