Prices
2023, June, 16, 06:25:00
U.S. OIL INVENTORIES UP BY 7.9 MB TO 467.1 MB
U.S. commercial crude oil inventories increased by 7.9 million barrels to 467.1 million barrels.
2023, June, 9, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI NEAR $71
Brent dropped 35 cents, or 0.5%, to $75.61 a barrel, WTI eased 35 cents, or 0.5%, to $70.94.
2023, June, 9, 06:50:00
OPEC+ RUSSIA: 40.46 MBD
Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.
2023, June, 9, 06:40:00
OIL PRICES 2023-24: $79 - $84
The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.
2023, June, 9, 06:35:00
SAUDI ARABIA OIL PRODUCTION DOWN 1 MBD
The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.
2023, June, 9, 06:10:00
U.S. WILL BUY 3 MB
The Department of Energy (DOE) announced today that it will purchase up to 3 million barrels of oil for the Strategic Petroleum Reserve (SPR)
2023, June, 9, 06:05:00
U.S. OIL INVENTORIES DOWN BY 0.5 MB TO 459.2 MB
U.S. commercial crude oil inventories decreased by 0.5 million barrels to 459.2 million barrels.
2023, June, 2, 07:00:00
OIL PRICE: BRENT ABOVE $74, WTI ABOVE $70
Brent rose 34 cents, or 0.46% to $74.62 a barrel, WTI rose 30 cents, or 0.43%, to $70.40.
2023, June, 2, 06:25:00
OIL ENTROPY
Voluntary production cuts by some members of OPEC is due this coming month. Russia lifts levy on Oil & Gas firms amid G7 Price cap on Crude Oil.
2023, June, 2, 06:05:00
U.S. OIL INVENTORIES UP BY 4.5 MB TO 459.7 MB
U.S. commercial crude oil inventories increased by 4.5 million barrels to 459.7 million barrels.
2023, May, 26, 07:00:00
OIL PRICE: BRENT NEAR $76, WTI ABOVE $71
Brent fell 30 cents to $75.96 a barrel, WTI was down by 14 cents at $71.69 a barrel.
2023, May, 26, 06:55:00
OPEC+ RUSSIA: NO CHANGES
Earlier this year Russia introduced a voluntary cut of 500,000 b/d from March after EU sanctions on imports of most Russian oil and G7 price caps came into force.
2023, May, 26, 06:20:00
U.S. OIL INVENTORIES DOWN BY 12.5 MB TO 455.2 MB
U.S. commercial crude oil inventories decreased by 12.5 million barrels to 455.2 million barrels.
2023, May, 19, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI ABOVE $72
Brent rose 59 cents, or 0.8%, to $76.45 a barrel, WTI climbed 48 cents, or 0.7%, to $72.34.
2023, May, 19, 06:15:00
U.S. OIL INVENTORIES UP BY 5.0 MB TO 467.6 MB
U.S. commercial crude oil inventories increased by 5.0 million barrels to 467.6 million barrels.
