US API last night released partial US oil inventory data indicating a draw of 6.2 m b in US crude stocks last week. If the IEA is correct in its recent Oil Market Report with respect to the global oil market balance in Q3-23 then we should start to see US oil inventories draw lower in Q3-23 as a consequence of such a large global deficit. Today’s data could be the start of that trend.
Bjarne Schieldrop, Chief analyst commodities, SEB The US API last night reported partial inventory data for the US for last week. Läs mer på Råvarumarknaden
Last week’s oil price action distorted by rolling of the November contract last week. The December Brent crude oil contract rose $4.8/b, or 5% last week. Much of that gain was due to the roll-yield as the November contra…
A brief sigh of relief yesterday as oil infra at Kharg wasn’t damaged. But higher today. Brent crude dabbled around a bit yesterday in relief that oil infrastructure at Iran’s Kharg island wasn’t damaged. It traded brief…
The EU hands out thousands of Blue Cards to highly-skilled third country nationals each year, according to the latest figures. But which nationalities receive the most and which EU country gives out the most?
Lower this morning as Rodriguez opens for US cooperation. Brent crude is down 1.4% to USD 69.95/b this morning. The acting president in Venezuela, Delcy Rodriguez, has struck a much more conciliatory tone and offered to…
When it starts to move lower it moves rather quickly. Gaza, China, IEA. Brent crude is down 2.1% today to $62/b after having traded as high as $66.58/b last Thursday and above $70/b in late September. The sell-off follow…
Best price since early August. Brent crude gained 1.2% yesterday to settle at USD 67.67/b, the highest close since early August and the second day of gains. Prices traded to an intraday low of USD 66.74/b before closing…
Domen närmar sig i Lundin Oil-målet, Sveriges längsta rättegång. Nu riktar åklagaren omfattande kritik mot de rekordhöga advokatnotor på drygt 800 miljoner kronor, som försvaret lämnat in.Ian Lundin och Alex Schneiter, s…
Sweden has begun to issue voting cards ahead of the September 13th election, with voters with a digital mailbox for the first time receiving theirs digitally.
Brent M1 moving below the 200 dma of $78.7/b. Brent crude continued its move lower yesterday with a decline of 3.3% to $77.9/b. This morning it is adding another drop of 1.4% to $76.8/b. Israel bombing Lebanon during the…
Trump gives diplomacy another chance after oil spiked on Friday. The Brent Jan-27 contract rose 1.6% last week. It traded in a range of $109.02 – 114.29/b and closed the week at $113.43/b while. The Brent Dec-26 contract…
Under Allhelgonahelgen nådde Forsmarks kärnkraftverk den historiska milstolpen 1000 terawattimmar (TWh) producerad el. Det motsvarar hela Sveriges totala elbehov under drygt sju år.
”Forsmark är Sveriges största elpro…
Under oktober har skillnaden mellan vad svenska elkunder betalat för sin el varierat kraftigt beroende av var i landet man bor och vilken kraftproduktion som finns i området. Vattenkraftspotentialen i norr ligger på norm…
Ksi Lisims LNG, en kommande exportterminal nordvästra Kanada, har slutfört ett avtal om leverans av naturgas till det tyska energibolaget Securing Energy for Europe (SEFE).
Enligt ett bindande köp- och försäljningsavt…
A slight pause after a rally to a high of $117.45/b last Friday. But market is on edge. The Brent Dec-26 contract has paused a little over the past two days with a price this morning of around $116.5/b. That is a strong…
Naturgas är den energiråvara som driver stora delen av världens samhällen och företag. Det är en stor råvara för elproduktion, inte minst i takt med att sol- och vindenergi har byggts ut. Det är också en energiråvara som…
Brent higher last week and today as fresh attacks by Iran and the Houthis shattered a sense of temporary normality exports from the Persian Gulf. Brent crude traded in a range of $97.06 – 105.92/b and closed the week at…
EU-kommissionen har utsett Viscariagruvan i Kiruna, som planeras öppna 2028, till ett strategiskt projekt enligt Critical Raw Materials Act (CRMA). Beslutet bekräftar gruvans betydelse för Europas försörjning av koppar.…
Miljöpartiet i England och Wales slutar vara motståndare till kärnkraft, detta efter en omröstning bland medlemmar. Det är en kraftig omsvängning för partiet. Man är inte entusiastiska anhängare av kärnkraft nu, men man…
Last week’s oil price action distorted by rolling of the November contract last week. The December Brent crude oil contract rose $4.8/b, or 5% last week. Much of that gain was due to the roll-yield as the November contra…
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