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2021, January, 15, 11:55:00
OPEC+ STABILIZATION
The OPEC+ alliance, led by Saudi Arabia and Russia, decided in December after days of heated negotiations to ease their stringent quotas by a collective 500,000 b/d for January, instead of the originally scheduled 2 million b/d tapering.
2021, January, 15, 11:50:00
LNG PRICES UP ANEW
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000%.
2021, January, 15, 11:45:00
U.S. OIL GAS PRODUCTION UPDOWN
U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices.
2021, January, 15, 11:40:00
U.S. GAS PRODUCTION UPDOWN
U.S. marketed gas production for 2021 will fall 2% and average 96.2 billion cubic feet per day (Bcf/d).
2021, January, 15, 11:35:00
U.S. OIL INVENTORIES DOWN 3.2 MB TO 482.2 MB
U.S. commercial crude oil inventories decreased by 3.2 million barrels to 482.2 million barrels.
2021, January, 15, 11:25:00
INDIA'S INDEXES DOWN
The blue-chip NSE Nifty 50 index fell 0.5% to 14,529 and the benchmark S&P BSE Sensex was down 0.4% at 49,600.11 by 0411 GMT.
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.
2021, January, 15, 11:15:00
GRID DIGITALIZATION: BENEFITS AND CHALLENGES IN 2021
The modern grid, also known as the smart grid, is interconnected and automated, with many technologies involved, including artificial intelligence (AI), edge computing, and the Internet of Things (IoT).
2021, January, 14, 14:25:00
OIL PRICE: BELOW $56
Brent fell 36 cents to $55.70 a barrel. WTI dropped 26 cents to $52.65.
2021, January, 14, 14:20:00
CHINA OIL IMPORTS UP TO 10.86 MBD
China total oil imports over 2020 were up 7% year on year at 10.86 million b/d