Renewable Vision · every morning at 6:00 Riyadh
Daily Energy Report · Saudi Arabia and the Gulf
7 November 2026 · Issued 05:50 RiyadhLive · updated 23:10
Brent fell to $99 per barrel on 7 Nov 2026, the lowest in 30 sessions, per EnergyNow.com.
Brent dropped to $99 per barrel on 7 Nov 2026, the lowest close in 30 sessions, per EnergyNow.com. Saudi official production was 6.24 m b/d in August 2026 per JODI, the lowest in 12 months. Exports were 4.45 m b/d in August, representing 71.3% of production, also per JODI.
Latest price: Brent was below $99 a barrel on 7 November 2026, EnergyNow.com reported. EnergyNow.com · 7 Nov 01:03
Sources: JODI (Joint Organisations Data Initiative), Renewable Vision, Attaqa, Natural Gas Intelligence, Offshore Energy, OilPrice.com, Energy-Storage.news, Power Technology, 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
- ▼ −7.5% vs 3 Nov
- ▼ −17.6% month to date
- ▲ +61.4% year to date
- ▸ Lowest close in 30 sessions
- ▸ 3 falls in a row
- ▼ −9.7% vs 3 Nov
- ▼ −16.3% month to date
- ▲ +57.2% 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
- 5stories
- 5deals and contracts
- 2tenders 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 $99/bbl today, the lowest close in 30 sessions per EnergyNow.com, while Saudi production was 6.24 m b/d in August, the lowest in 12 months (JODI).
Analysis
For the morning call: what happened and why it mattersBrent closed at 99.00 $/bbl on 7 Nov (EnergyNow.com), −7.5% against 3 Nov and +61.4% 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
$99.00
Brent moved −7.5% to $99.00 a barrel (7 November 2026).
Source: Renewable Vision, Daily Energy Report, 7 November 2026 (EnergyNow.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 LNGRelevant for the Kingdom· ▼ Downward
Algeria gas production nears 10 bcfd
A report noted that Algeria’s average gas output could reach about 10 bcf/d in 2026, backed by government efforts, expected to help stabilize regional gas supplies.
Higher output supports regional gas supply and eases price pressure.
Attaqa · 03:30 - Gas and LNGRelevant for the Kingdom· ▲ Upward
Morocco gas imports hit second‑highest level in 2026
Morocco’s gas imports rose to 978 GWh/h in October 2026, up 5.6% from September, according to the US‑based energy platform, marking the second‑highest level of the year.
Higher imports reflect demand growth and add pressure on the regional market.
Attaqa · 02:30 - Gas and LNGHigh relevance for the Kingdom· ▲ Upward
ADNOC to sell 4 Mt/y of LNG to Gujarat Energy (India)
ADNOC’s investment arm XRG announced a sale of 4 Mt/y of LNG to Gujarat Energy (India) starting in 2028, per Natural Gas Intelligence.
The contract boosts Gulf LNG exports to India.
Natural Gas Intelligence · 22:23
2 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.