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Average Brazilian natural gas network prices have continued to increase this year, maintaining their differential to the North Sea Dated crude benchmark, amid higher Brent crude prices and the Brazilian real's depreciation to the US dollar.
The average price of Russian oil brand Urals amounted to $70.33 per barrel over the period of July 15 - Audust 14, while the Brent benchmark was trading at $84.23 per barrel, bringing the Russian oil's discount to $13.9 per barrel, the Russian Finance Ministry said on Tuesday.
While the number of Omicron cases is surging worldwide, oil demand defied expectations in 4Q21, rising by 1.1 mb/d to 99 mb/d. In 1Q22, demand is set for a seasonal decline, exacerbated by more teleworking and less air travel. We have raised our global demand estimates by 200 kb/d for 2021 and 2022 – resulting ...
Highlights • The ongoing energy crisis has prompted a switch to oil that could boost demand by 500 kb/d compared with normal conditions. This contributed to an upward revision to our 2021 and 2022 forecast, by 170 kb/d and 210 kb/d respectively. Global oil demand is now forecast to rise by 5.5 mb/d in 2021 ...
IEA Sees Oil Market Turmoil on the Back of OPEC’s Rift The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights • Following two consecutive months of decline, global oil demand surged by an estimated 3.2 mb/d to 96.8 mb/d in June. Robust global economic growth, rising vaccination rates and easing social distancin...