Our forecast Henry Hub natural gas spot price: Nov. 2024 average: ~$2.10/MMBtu Rest of winter average: ~$3.00/MMBtu

Brent edged up 7 cents to $73.48 a barrel, WTI was at $70.11 a barrel, up 9 cents.

Её участники договорились продлить дополнительные добровольные ограничения по добыче нефти на 1,65 млн баррелей в сутки до конца декабря 2026 года. Кроме того, эти восемь стран продлят дополнительные добровольные ограничения на 2,2 млн баррелей нефти в сутки до конца марта 2025 года.

The meeting was conducted to reinforce the precautionary efforts of OPEC+ countries, aiming to support the stability and balance of oil markets. The aforementioned countries decided, in addition to the latest decisions from the 38th ONOMM, to extend the additional voluntary adjustments of 1.65 million barrels per day that were announced in April 2023, until the end of December 2026.

Europe was not yet out of an energy crisis that began with Russia's invasion of Ukraine in 2022.

India's rising Russian imports have come at the expense of rival Middle Eastern producers. The Reliance-Rosneft deal would represent another challenge for competitors, including Saudi Arabia.

An integrated approach to drive sustainable development goals opens new pathways in green hydrogen applications in industries, utilities and transport sector.

Brent fell 6 cents, or 0.1%, to $72.03 per barrel, WTI lost 1 cent to $68.29 per barrel.

The demand for electricity is rising rapidly. Onshoring of manufacturing, EVs (both private and commercial) and, most importantly, data centers, serving the demand for AI, are all staking their claim to more electricity.

While distributed energy resources do not outright negate the need for expensive grid upgrades, introducing greater load management opportunities decreases the frequency of necessary upgrades, buying time for utilities to strategize their budgets.

Brent rose 29 cents, or 0.4%, to $73.20 a barrel, WTI were at $69.2 a barrel, up 26 cents, or 0.38%.

Энергетический диалог между Россией и ОПЕК является одним из ключевых диалогов, проводимых организацией с многочисленными странами – производителями и странами – потребителями нефти, а также международными организациями с целью получения информации, изучения новых тенденций и проблем отрасли.

The Meeting constitutes an important milestone in the energy dialogue. It emphasized the strategic importance of cooperation between OPEC and the Russian Federation, including through the frameworks of the ‘Declaration of Cooperation’ and the ‘Charter of Cooperation’.

Обсуждение вопросов российско-казахстанского сотрудничества в сфере энергетики продолжится на следующей неделе в Астане в ходе встречи на высшем уровне.

The investment bank still sees Brent averaging $76 per barrel in 2025, but edged down its 2026 forecast to $71 per barrel on a 0.9 mb/d surplus.