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2021, March, 10, 12:30:00
OIL PRICE: NEAR $67
Brent dropped 63 cents, or 0.9%, to $66.89 a barrel. WTI was at $63.47 a barrel, down 54 cents, or 0.8%.
2021, March, 10, 12:25:00
OIL PRICES 2021-22: $58-$59
Brent crude oil prices in the forecast average $58/b in the second half of 2021. Brent prices will average $59/b in 2022.
2021, March, 10, 12:20:00
U.S. OIL PRODUCTION DOWN 8%
U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019.
2021, March, 10, 12:15:00
CHINA'S NUCLEAR COAL
China announced its aim to increase its nuclear power capacity by 40% from 50 GW in 2020 to 70 GW in 2025. However, the 2021-2025 plan isn't expected to slow down the construction of new coal-fired power plants.
2021, March, 10, 12:10:00
NUCLEAR POWER COMPETITIVENESS
Fukushima has certainly left its mark on the nuclear industry. When the Tohoku earthquake and tsunami occurred on March 11, 2011, there were 54 nuclear reactors in Japan.
2021, March, 10, 12:05:00
CHINA INDEXES UPDOWN
The blue-chip CSI300 index ended 0.66% higher, led by a 2.63% jump in its healthcare sub-index and a 1.94% gain in the consumer staples sector.
2021, March, 10, 12:00:00
U.S. INTERNATIONAL TRADE DEFICIT UP TO $68.2 BLN
the goods and services deficit was $68.2 billion in January, up $1.2 billion from $67.0 billion in December,
2021, March, 10, 11:55:00
AUSTRALIA'S LNG WILL UP
Australia exported a record 78.2 Mt of LNG in 2020, up from 77.5 Mt in 2019.
2021, March, 10, 11:50:00
PHILIPPINES LNG TERMINAL
The project (likely a floating storage and regasification unit, FSRU) should be commissioned by mid-2022.
2021, March, 10, 11:45:00
BANGLADESH LPG TERMINAL
The $150 million project at a deepsea port on Matarbari island, in the Bay of Bengal, is expected to be ready by 2025 and will commence operations soon after,
