Latest Crude oil, Gas Price and News

London, August 22, 2024, (Oilandgaspress) –– The global oil market continues to face several issues that will lead to lower oil prices. The market is struggling to sustain upward price momentum as issues such as weak demand, oversupply concerns continue to hamper the market.

Oil and Gas BlendsUnitsOil Price US$/bblChange
Crude Oil (WTI)USD/bbl$72.28Down
Crude Oil (Brent)USD/bbl$76.49Down
Bonny Light 22/08/24USD/bbl$80.63Down
DubaiUSD/bbl$76.12Down
Natural GasUSD/MMBtu$2.11Down
Murban CrudeUSD/bbl$76.08Down
OPEC basket 21/08/24USD/bbl$77.03Down
At press time 22 August 2024

ADAC Opel Electric Rally Cup “powered by GSe” and the Opel Corsa Rally Electric. How the rapid electric car combines locally emissions-free rallying with show character is demonstrated on rally special stages, and now also at Gamescom in Cologne, Germany. At the world’s largest trade fair for computer and video games as well as consumer electronics, the Opel Corsa Rally Electric is an extraordinary eye-catcher. It can be admired in a special “Gamescom look” at the ADAC stand B031 in Hall 10.1.

Coloured entirely in yellow, black and white, the Corsa Rally Electric is once again a unique show car. Bright yellow wheels and brake calipers increase the wow effect and make the fully electric rally car an absolute eye-catcher. The creatives at #blackfishdesign are responsible for the unmistakable design.

The “Gamescom Special Edition” demonstrates what is possible: progressive design paired with production technology and state-of-the-art motorsport components. The Corsa Rally Electric thus continues Opel’s pioneering achievements. With the ADAC Opel Electric Rally Cup “powered by GSe”, the manufacturer and the automobile club have launched the world’s first electric one-make rally cup and successfully established it in the rally scene. The international cup is currently in its fourth season and inspires fans and spectators as much as the participants.

Anyone who wants to experience the “Gamescom Opel Corsa Rally Electric” live can do so until Sunday, August 25. The trade fair is open to visitors daily until 8 p.m.Source,


Baker Hughes Rig Count: U.S. -2 to 586 Canada unchanged at 217

U.S. Rig Count is down 2 from last week to 586 with oil rigs down 2 to 483, gas rigs up 1 to 98 and miscellaneous rigs down 1 to 5.
Canada Rig Count is unchanged from last week at 217, with oil rigs up 4 to 151, gas rigs down 3 to 66 and miscellaneous rig down 1.

International Rig Count is down 23 rigs to 934

The Worldwide Rig Count for July was 1,713, up 7 from the 1,707 counted in June 2024, and down 106, from the 1,819 counted in July 2023.

RegionPeriodRig CountChange
U.S.A16 August 2024586-2
Canada16 August 2024217
InternationalJuly 2024934.-23
Baker Hughes

For the fifth year in a row, Hyundai is being recognized as the top mass-market brand in the J.D. Power 2024 U.S. Tech Experience Index (TXI) StudySM.

The study focuses on evaluating users’ experience with advanced vehicle technologies over a model’s first 90 days of ownership. It assesses how much owners enjoy their vehicles’ technologies and how many problems they have while operating them.
The 2024 Santa Fe also earned the J.D. Power Mass Market Infotainment and Connectivity award for its phone-based Digital Key. This recognition highlights the added convenience and peace of mind the technology offers users. Beyond this user-friendly feature, the Santa Fe reflects Hyundai’s dedication to advancing vehicle innovations and ensuring customer satisfaction.
“We appreciate this recognition for cutting-edge tech because we work hard to put the customer at the center and work to make sure the tech viscerally connects,” says Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. “It is important that the tech is innovative and enhances safety and provides a driving experience that is safer, smoother, and more satisfying.” Read full article

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