Prices
2021, November, 18, 13:35:00
OIL PRICE: NEAR $80
Brent was down 83 cents, or 1%, to $79.87 a barrel, WTI were down $1.13, or 1.4%, at $77.23 a barrel.
2021, November, 17, 13:55:00
OIL PRICE: ABOVE $81
Brent dropped 50 cents, or 0.6%, to $81.93, WTI fell 57 cents, or 0.7%, to $80.19 a barrel.
2021, November, 16, 14:55:00
OIL PRICE: ABOVE $82 YET
Brent was 52 cents, or 0.6%, higher at $82.57 a barrel, WTI climbed 42 cents, or 0.5%, to $81.30 a barrel.
2021, November, 15, 12:00:00
OIL PRICE: NEAR $82 YET
Brent fell 63 cents, or 0.8%, to $81.54 a barrel, WTI lost 55 cents, or 0.7%, to $80.24 a barrel.
2021, November, 15, 11:20:00
U.S. RIGS UP 6 TO 556
U.S. Rig Count is up 6 from last week to 556, Canada Rig Count is up 8 from last week to 168.
2021, November, 12, 12:40:00
OIL PRICE: NEAR $82 ANEW
Brent gained 70 cents, or 0.85%, to $83.34 a barrel , WTI rose 79 cents, or 1%, to $82.13.
2021, November, 12, 12:35:00
GLOBAL OIL DEMAND 2021: + 5.7 MBD
World oil demand growth in 2021 is revised lower by around 0.16 mb/d, compared to last month’s assessment, to stand at 5.7 mb/d.
2021, November, 12, 12:10:00
U.S. OIL INVENTORIES UP BY 1.0 MB TO 435.1 MB
U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 435.1 million barrels.
2021, November, 11, 15:15:00
OIL PRICE: NEAR $82
Brent gained 70 cents, or 0.85%, to $83.34 a barrel , WTI rose 79 cents, or 1%, to $82.13.
2021, November, 10, 12:25:00
OIL PRICE: NEAR $85 ANEW
Brent were at $85.22 a barrel, WTI rose 16 cents, or 0.2%, to $84.31 a barrel.
2021, November, 10, 12:20:00
OIL PRICES 2021-22: $82-$72
We expect Brent prices will remain near current levels for the rest of 2021, averaging $82/b in the fourth quarter of 2021. In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining from current levels to an annual average of $72/b.
2021, November, 9, 17:25:00
OIL PRICE: NOT ABOVE $84
Brent rose 31 cents, or 0.4%, to $83.74 a barrel, WTI advanced 36 cents, or 0.4%, to $82.29
2021, November, 9, 17:20:00
GLOBAL OIL DEMAND GROWTH
This year, demand for petroleum, both in the United States and globally, has largely returned to the pre-pandemic levels in 2019. Demand has grown faster than supply, reducing inventories and contributing to higher prices for crude oil and petroleum products.
2021, November, 9, 17:15:00
GLOBAL GAS DEMAND GROWTH
"About 50% of the incremental global natural gas demand will come from Asia by 2035, with China and India as the main engines to boost the development of the LNG market," Luo said.
2021, November, 9, 17:05:00
U.S. LNG INCREASE
Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).