Energy Events for 12/02/22 - 12/05/22
The focus is on the OPEC+ meeting and the entry into force of bans related to the import of Russian oil.
December 2, 2022:
21:00 GMT+3 – U.S. Baker Hughes Oil Rig Count. Forecast: –. Previous value: 627
December 4, 2022:
OPEC+ meeting and decision on oil production volumes
December 5, 2022:
Entry into force of the ban on the import of Russian oil from the European Union
Entry into force of restrictions on Russian oil prices by the G7 and the European Union
Demand for gold surged to an 11-year high last year. This is due to large-scale purchases on the back of high activity by retail investors and a slowdown of ETF outflows.
1 FebruaryThe White House expressed a negative assessment of the record profit of Exxon Mobile in 2022. The company earned $56 billion, and it’s a maximum for both itself and the whole oil industry of Western countries.
1 FebruaryThe US Interior Department’s Bureau of Land Management supports an accelerated plan of oil production. It includes 3 new wells across the Willow site in the Petroleum Reserve-Alaska, instead of having 5 wells predetermined earlier.
1 FebruaryOn February 2, the focus is on natural gas reserves in the United States. On February 3, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.
2 FebruaryJapan was buying aluminum at a surcharge. Shipments from January to March were at $85-86 per ton, which is 13-14% less than in the previous quarter. Resources report weak demand and strong reserves of aluminum.
1 February