Renewable Vision · every morning at 6:00 Riyadh
Daily Energy Report · Saudi Arabia and the Gulf
3 November 2026 · Issued 05:50 RiyadhLive · updated 23:10
Brent fell to $104.77 per barrel, Network News reports
Brent closed at $104.77 per barrel, its lowest in 30 sessions, according to Network News. Saudi production rose to 6.24 mb/d in August, the lowest in 12 months per JODI data. Kuwait’s oil‑tech tender price fell to 485.6 million dinars, Alraimedia reports, indicating possible regional price pressure.
Latest price: Brent crude $104 per barrel, OilPrice.com reported. OilPrice.com · 3 Nov 18:35
Sources: JODI (Joint Organisations Data Initiative), Renewable Vision, Offshore Energy, PV Tech.
The scorecard
The last trading session, the Kingdom’s latest official figures, and the day’s activityMarkets at the last session’s close
- ▼ −15.5% vs 27 Oct
- ▼ −10.3% month to date
- ▲ +69.5% year to date
- ▸ Lowest close in 30 sessions
- ▸ 3 falls in a row
- ▼ −6.7% vs 27 Oct
- ▼ −0.7% month to date
- ▲ +68.5% year to date
- ▸ 3 falls in a row
The Kingdom: latest official figures
The Kingdom’s figures against their targets are for RV Plus members. Get RV Plus
Today in the news
- 1stories
- 4deals and contracts
- 0tenders and awards
- 0project moves
Green is up and red is down: direction only.
The morning brief
Three points ready for the morning meeting- Brent fell to $104.77 (Network News), Saudi output slipped to 6.24 mb/d (JODI), and Kuwait’s tender hit a low of 485.6 million dinars (Alraimedia).
Analysis
For the morning call: what happened and why it mattersBrent closed at 104.00 $/bbl on 3 Nov (OilPrice.com), −15.5% against 27 Oct and +69.5% year to date. Lowest close in 30 sessions. 3 falls in a row.
The full morning-call analysis, on the Kingdom, projects and what it means for energy businesses, is for RV Plus members. Get RV Plus
Number of the day
$104.00
Brent moved −15.5% to $104.00 a barrel (3 November 2026).
Source: Renewable Vision, Daily Energy Report, 3 November 2026 (OilPrice.com).
The day in one picture
Renewable Vision's reading of today's news in numbers, ready to sharePage two: the Kingdom's official figures, the markets at the last session and our track record, for RV Plus members. Get RV Plus
Page three: projects and tenders across the Gulf in numbers, for RV Plus members. Get RV Plus
Top energy news
From the last 24 hours- Gas and LNGWider market· ▲ Upward
Shell Lifts First Cargo from Plaquemines LNG
Shell shipped the first cargo from Plaquemines LNG after commercial operations began, according to Offshore Energy.
Start‑up boosts gas demand
Offshore Energy · 16:02
The full report is for RV Plus members
- All of the last 24 hours' energy news, and the table of today's deals and contracts
- The Kingdom's tenders, awards and projects, its crude balance and official figures
- Today's prices published in the last day, each with its source and time
- The Brent outlook from Renewable Vision's proprietary model, with its track record
- The PDF and an Excel file of every table, every morning
- Every past issue, and email alerts when Brent moves 3% or new official figures arrive
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Sources, method and editorial rules
The Kingdom: Saudi Arabia's monthly crude figures as reported to the Joint Organisations Data Initiative (JODI), and Renewable Vision's power balance, solar outlook and project ledger, built from the Principal Buyer's and SWPC's registers and the renewables tracker. Prices: EIA spot prices via FRED (published a few working days behind the market); EIA weekly crude stocks; IMF monthly averages for Dubai, European gas and Asian LNG. Headlines: EIA, OilPrice.com, Rigzone and the publishers the site follows; each event links to its source. The 3-2-1 crack is two barrels of New York Harbor gasoline and one of heating oil against three of WTI, from the same EIA series.
Editorial rules: Renewable Vision is an energy platform. The dialogue reports facts with their sources and carries no political or security news; where developments move the markets, it refers to them in market terms only. Saudi news is taken only from official sources and Saudi and Gulf media, reported as published and never interpreted or price-scored. Headlines listed in their publishers' own words come from official sources only.
Information, not investment advice. The outlook is a statistical range, not a recommendation to buy or sell.