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2020, June, 16, 14:10:00
EUROPE'S SHARES UPDOWN
The pan-European STOXX 600 index rose 2.2%, recovering from a slump in the past few sessions that was fuelled by grim forecasts of an economic rebound from the COVID-19 pandemic and a resurgence in infections in the United States and Beijing.
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2020, June, 16, 14:05:00
GLOBAL UPSRTEAM INVESTMENTS DOWN
Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.
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2020, June, 16, 14:00:00
GLOBAL ELECTRICITY CONSUMPTION UP
Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption),
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2020, June, 16, 13:55:00
U.S. PRODUCTION: OIL (-93) TBD, GAS (-693) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 93,000 b/d month-over-month in June from 7,725 to 7,632 thousand barrels/day, gas production to decrease 693 million cubic feet/day from 81,254 to 80,561 million cubic feet/day .
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2020, June, 16, 13:50:00
GERMANY'S ENERGY CLIMATE PLAN
Germany intends to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990, to cut primary energy consumption by 30% by 2030 compared to 2008 and to increase the share of renewables in gross final energy consumption to 30% by 2030.
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2020, June, 16, 13:45:00
INDONESIA'S COAL DOWN
Indonesia is expected to produce 550 Mt of coal (down from 582 Mt in 2019),
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2020, June, 16, 13:40:00
RENEWABLE ENERGY PURCHASES
Buying renewable energy certificates (RECs) give companies a way to offset their carbon footprint while providing a market for renewable energy and allows the renewable developer to have a long-term REC revenue stream to justify the investment anywhere in the US and at different pricing options.
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2020, June, 16, 13:35:00
SOUTH AFRICA'S NUCLEAR CONSULTATIONS
South African Nuclear Power Programme may comprise a blend of baseload power combining both conventional PWR and SMR technologies to a total of 2500 MW
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2020, June, 16, 13:30:00
ARAMCO, SABIC ACQUISITION $69 BLN
Aramco had been looking to restructure the deal after SABIC’s market value fell more than 40% due to an oil price slump.
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2020, June, 16, 13:25:00
BP WRITE-OFFS $17 BLN
BP actions will lead to non-cash impairment charges and write-offs in the second quarter, estimated to be in an aggregate range of $13 billion to $17.5 billion post-tax.