Renewable Vision · every morning at 6:00 Riyadh
Daily Energy Report · Saudi Arabia and the Gulf
4 November 2026 · Issued 05:50 RiyadhLive · updated 23:10
Brent crude fell to $103.6 a barrel – lowest in 30 sessions according to Sharjah24
Brent crude fell to $103.6 a barrel according to Sharjah24, the lowest price in 30 sessions. Meanwhile, Saudi production slipped to 6.24 million b/d in August, the lowest in 12 months per JODI data. Large gas supply contracts in Qatar and the UAE totaling 30 TWh through 2031 were also reported.
Latest price: WTI was at $88.92 a barrel on 4 November 2026, The Economic Times reported. The Economic Times · 4 Nov 20:49
Sources: JODI (Joint Organisations Data Initiative), Renewable Vision, Asharq Al-Awsat, Attaqa, Natural Gas Intelligence, Khaleej Times, Rigzone, AGBI.
The scorecard
The last trading session, the Kingdom’s latest official figures, and the day’s activityMarkets at the last session’s close
- ▼ −8.0% vs 3 Nov
- ▼ −18.0% month to date
- ▲ +60.6% year to date
- ▸ Lowest close in 30 sessions
- ▸ 3 falls in a row
- ▼ −10.8% vs 3 Nov
- ▼ −17.3% month to date
- ▲ +55.3% year to date
- ▸ 3 falls in a row
- ▲ +3.5% vs 2 Nov
- ▲ +8.7% month to date
- ▼ −34.3% year to date
- ▸ Within its 30-session range, 2.42–3.30
The Kingdom: latest official figures
The Kingdom’s figures against their targets are for RV Plus members. Get RV Plus
Today in the news
- 7stories
- 1deals 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 $103.6 a barrel per Sharjah24, the lowest in 30 sessions, with three consecutive declines.
- Markets will watch US oil inventory data and OPEC+ updates, as well as any new energy deals or projects announced in Saudi Arabia and the Gulf today.
Analysis
For the morning call: what happened and why it mattersBrent slipped to $103.6 a barrel after three consecutive declines, while the API reported a sharp US crude inventory drop of over 5 million barrels. US natural gas prices also fell, indicating weak weather‑driven demand.
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
$98.52
Brent moved −20.0% to $98.52 a barrel (4 November 2026).
Source: Renewable Vision, Daily Energy Report, 4 November 2026 (www.tokenpost.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- OilHigh relevance for the Kingdom
Aramco starts East‑West pipeline expansion
Aramco Saudi Arabia announced the start of engineering work on the East‑West pipeline expansion, per Al‑Sharq Al‑Awsat.
Boosts internal oil transport capacity
Asharq Al-Awsat · 02:41 - Gas and LNGHigh relevance for the Kingdom· ▲ Upward
Qatar and UAE lead October gas deals
Energy platform reported that Qatar Energy and ADNOC UAE sealed large natural gas deals in October 2026, according to the platform.
Expands gas supply in the Gulf region
Attaqa · 00:00 - Gas and LNGHigh relevance for the Kingdom· ▲ Upward
ADNOC reaches LNG supply deal with TotalEnergies
ADNOC announced a five‑year LNG supply agreement with TotalEnergies, per Natural Gas Intelligence.
Adds LNG supply to ADNOC's portfolio
Natural Gas Intelligence · 22:49
4 more stories in the full report. Get RV Plus
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.