Advances in nuclear technology have made possible a largely autonomous, fully inherently safe reactor which can be safely moved.

In the last three months of 2020, 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.

U.S. Rig Count is up 9 from last week at 411, Canada Rig Count is down 24 from last week to 92

Brent was up $1.01, or 1.6%, to $64.29 a barrel. WTI rose $1.02, or 1.7%, to $61.02 a barrel.

At the same time, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.

U.S. commercial crude oil inventories increased by 2.4 million barrels to 500.8 million barrels.

US crude imports by India stood at 12.69 million mt in 2020, up nearly 29% from a year earlier, helping the country move up to fifth position from sixth in 2019,

Saudi Arabia exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.

Preliminary production figures for January 2021 show an average daily production of 2 137 000 barrels of oil, NGL and condensate.

Modelling Princeton conducted on the path to a net-zero future showed not much, if any, increase in gas-fired generation capacity starting now, with small increases in some areas to manage reliability needs from rapid coal retirements offset by retirements of older gas plants in other areas.