Prices
2023, November, 23, 06:00:00
NUCLEAR FOR SRI LANKA
Sri Lanka's 2020 production of 15.6 TWh of electricity was dominated by fossil fuels, which accounted for some 10 TWh, and hydro (5 TWh) alongside some wind and solar,
2023, November, 22, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI NEAR $78
Brent rose 11 cents, or 0.1%, to $82.56 a barrel, WTI rose 14 cents, or 0.2%, to $77.91.
2023, November, 22, 06:55:00
RUSSIAN OIL PRICE COMFORT
Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna.
2023, November, 22, 06:50:00
RUSSIAN, EUROPE OIL CAP
The European Commission hopes to introduce a "requirement for attestations to also include itemized ancillary costs, such as insurance and freight," on top of a declaration on the price paid for the Russian oil.
2023, November, 22, 06:45:00
GLOBAL OIL DEMAND WILL UP BY 2.5 MBD
The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.
2023, November, 17, 07:00:00
OIL PRICE: BRENT ABOVE $77, WTI NEAR $73
Brent were up 10 cents, or 0.1%, at $77.52 a barrel, WTI was nearly flat at $72.95.
2023, November, 17, 06:55:00
INDIA'S OIL DIVERSIFICATION
Oil ministry officials said India diversified its sources to import crude from as many as 39 nations and hoped the return of OPEC member Venezuela would add to the country's list of steady suppliers.
2023, November, 17, 06:50:00
OIL PRICES 2023-24: $90 - $93
The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.
2023, November, 17, 06:30:00
GLOBAL OIL DEMAND WILL UP
Global oil demand is now projected to rise by 2.4 million b/d in 2023 to 102 million b/d, but growth will decelerate to 930,000 b/d in 2024,
2023, November, 3, 07:00:00
OIL PRICE: BRENT NEAR $87, WTI NEAR $83
Brent rose 6 cents to $86.91 a barrel, WTI gained 12 cents, or 0.2%, to $82.58 a barrel.
2023, November, 3, 06:50:00
CHINA'S COAL UP ANEW
China has ramped up coal output since the 2021 power crisis in order to avoid a repeat, with this year’s annual production set to notch another record. Demand growth has also been relatively subdued amid China’s bumpy economic recovery.
2023, November, 3, 06:40:00
VENEZUELA: LIFTING SANCTIONS
However, there are growing signs of a thaw in relations between the Biden administration and Caracas, with the sides holding talks to explore temporarily lifting sanctions to encourage Venezuela to hold competitive presidential elections next year.
2023, October, 27, 07:00:00
OIL PRICE: BRENT NEAR $89, WTI ABOVE $84
Brent rose $1.16, or 1.3%, to $89.09 a barrel. WTI climbed $1.08, also 1.3%, to $84.29 a barrel.
2023, October, 27, 06:55:00
GLOBAL OIL WILL STAY
Prince Abdulaziz said that the energy transition will require hydrocarbons including petrochemicals.
2023, October, 20, 07:00:00
OIL PRICE: BRENT ABOVE $93, WTI ABOVE $90
Brent crude futures climbed 94 cents, or 1%, to $93.32 a barrel by 0307 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up $1.41, or 1.6%.