Analysis
2024, February, 2, 06:40:00
EUROPEAN LNG UP TO 10.7 MT
The US was the supplier of 56% of the total, with some 14% coming from Russia and 10% from Algeria. Notably, around 7% was also originating from Qatar and 4% from Nigeria.
2024, February, 2, 06:30:00
GLOBAL CLIMATE NONSENSE
In the real world, climate has changed numerous times, often dramatically, sometimes catastrophically, and always naturally. Multiple ice ages and interglacial periods, Roman and Medieval warm periods, a Little Ice Age, major floods, droughts and dust bowls all actually happened – long before fossil fuels.
2024, January, 29, 07:00:00
OIL PRICE: BRENT NEAR $84, WTI ABOVE $78
Brent rose 29 cents, or 0.4%, to $83.84 a barrel, WTI gained 34 cents, or 0.4%, to $78.35 a barrel.
2024, January, 29, 06:25:00
GLOBAL NUCLEAR RECORD
While global growth in electricity demand eased slightly to 2.2% in 2023 due to falling electricity consumption in advanced economies, it is projected to accelerate to an average of 3.4% from 2024 through to 2026.
2024, January, 24, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI ABOVE $74
Brent dipped 14 cents, or 0.1%, to $79.41 a barrel, WTI ticked down 11 cents, or 0.2%, to $74.26 a barrel.
2024, January, 24, 06:50:00
RUSSIAN OIL EXPORTS CONTINUING
Naphtha and fuel oil are loaded onto Clearocean Apollon Clyde Noble tankers at the nearby Ust-Luga Oil terminal.
2024, January, 24, 06:45:00
RUSSIAN LNG PRICES RISING
The Sakhalin-2 LNG export plant is the closest to North Asia, home to the world’s top buyers. The facility supplied nearly 10% of Japan’s LNG needs last year, and hasn’t been targeted by Western sanctions due in part to the need to ensure energy security.
2024, January, 24, 06:40:00
U.S., RUSSIA OIL SANCTIONS
In the last few months of 2023, the US ramped up enforcement of the price cap and imposed multiple rounds of sanctions on entities and ships that carried Russian crude oil above the price cap.
2024, January, 24, 06:35:00
EUROPEAN GAS PRICES DOWN
Europe is benefiting from record renewables power installations last year, together with massive gas stockpiling and a relatively mild winter — some cold snaps aside.
2024, January, 22, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI ABOVE $73
Brent fell 9 cents, or 0.1%, to $78.47 a barrel, WTI inched up 11 cents to $73.52 a barrel.
2024, January, 22, 06:55:00
GLOBAL OIL DEMAND 2025: +1.8 MBD
The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
2024, January, 18, 07:00:00
OIL PRICE: BRENT ABOVE $78, WTI BELOW $73
Brent gained 28 cents to $78.16 a barrel , WTI rose 34 cents at $72.90.
2024, January, 18, 06:55:00
RUSSIA'S SLOW LNG
Russia has delivered the first drop of liquefied natural gas (LNG) from its heavily sanctioned flagship project, Arctic LNG-2.
2024, January, 18, 06:30:00
A LOOK AT RECOVERY ESTIMATES FOR VENEZUELA
On October 18, the US Treasury suspended certain sanctions measures on nVenezuela’s oil and gas sector operations.
2024, January, 11, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI BELOW $72
Brent rose 21 cents, or 0.27%, to $77.01 a barrel. WTI gained 20 cents, or 0.28%, to reach $71.57 a barrel.