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2017, October, 16, 12:05:00
CHINA'S SOLAR ENERGY UP 50%
China installed 38.28 gigawatts of solar power from January to August, up 49.5 percent from the end of last year, according to the China Electricity Council.
2017, October, 16, 11:55:00
U.S. ECONOMY UP
Economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen. The terrible hurricanes that hit Texas, Florida, Puerto Rico, and our neighbors in the Caribbean caused tremendous damage and upended many lives, and our hearts go out to those affected. While the effects of the hurricanes on the U.S. economy are quite noticeable in the short term, history suggests that the longer-term effects will be modest and that aggregate economic activity will recover quickly.
2017, October, 16, 11:50:00
SAUDI ARAMCO IPO
Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
2017, October, 16, 11:45:00
SAUDI'S BANKS ARE BETTER
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
2017, October, 16, 11:40:00
OPEC EXPECTATION
The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.
2017, October, 16, 11:35:00
JAPAN LNG INVESTMENT
The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.
2017, October, 16, 11:30:00
U.S. RIGS DOWN 8 TO 928
U.S. Rig Count is up 389 rigs from last year's count of 539, with oil rigs up 311, gas rigs up 80, and miscellaneous rigs down 2 to 2.
Canada Rig Count is up 47 rigs from last year's count of 165, with oil rigs up 22 and gas rigs up 25.
2017, October, 14, 18:38:00
U.S. NUCLEAR POWER HELPS
REUTERS - “If we lose our supply chain, if we lose our intellectual chain of supply of bright scientists because we basically pushed the nuclear industry back, then we’re going to lose our role as a leader when it comes to nuclear energy in the world,” Perry said.
2017, October, 13, 13:05:00
OIL PRICE: ABOVE $57 YET
U.S. West Texas Intermediate (WTI) crude was at $51.01 per barrel at 0647 GMT, up 41 cents, or 0.8 percent, from its last settlement. Brent was at $56.58, up 33 cents, or 0.6 percent.
2017, October, 13, 13:00:00
PRICES: OIL $52-54; GAS $3.03-3.19
EIA forecasts Brent spot prices to average $52/b in 2017 and $54/b in 2018, which is $1/b higher in 2017 and $2/b higher in 2018 compared with last month's forecast. West Texas Intermediate (WTI) average crude oil prices are forecast to be $3.50/b lower than Brent prices in 2018.