All publications by tag «»
2023, July, 21, 07:00:00
OIL PRICE: BRENT ABOVE $80, WTI NEAR $76
Brent rose 63 cents to $80.27 a barrel, WTI climbed 62 cents to $76.27 a barrel.
2023, July, 21, 06:55:00
EUROPEAN GAS PRICES UP
Benchmark futures settled 3.9% higher after another session of sharp price moves. Searing temperatures in parts of the region and global competition for liquefied natural gas continue to provide upward pressure — even as flows from Norway, Europe’s top supplier, return to levels last seen in April.
2023, July, 21, 06:50:00
GLOBAL CLIMATE WANT MONEY
BNEF estimates that the global annual green investments would need to almost triple to $6.9 trillion by 2030 to have any hope of getting to net zero by 2050.
2023, July, 21, 06:45:00
BAD WIND & SOLAR STRATEGY
Wind employs twice as many people as coal power generation. However, coal still produces 19.5% of our electricity while wind only accounts for 10.2%.
2023, July, 21, 06:40:00
GLOBAL ELECTRICITY MODERNIZATION
Historically, power cuts and outages were deemed a problem only for the developing world, however, we’re now seeing more of these issues in the so-called developed world, primarily driven by a lack of electricity infrastructure spend over many years.
2023, July, 21, 06:30:00
U.S. OIL INVENTORIES UP BY 0.7 MB TO 457.4 MB
U.S. commercial crude oil inventories decreased by 0.7 million barrels to 457.4 million barrels.
2023, July, 14, 07:00:00
OIL PRICE: BRENT ABOVE $81, WTI NEAR $77
Brent had added 5 cents, or 0.1%, to $81.41 per barrel, WTI rose 9 cents, or 0.1%, to $76.98.
2023, July, 14, 06:55:00
OIL PRICES 2023-24: $80 - $84
The Brent crude oil spot price will average $80 per barrel (b) in 4Q23 and $84/b in 2024.
2023, July, 14, 06:50:00
RUSSIAN OIL VS SANCTIONS
According to price reporting agency Argus Media, Urals crude topped $60 a barrel on Wednesday, climbing above the cap that the Group of Seven set last year in an attempt to restrict revenue to Moscow’s war machine.
2023, July, 14, 06:45:00
RUSSIAN ENERGY REVENUES DOWN
The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.