Analysis
2024, May, 22, 06:55:00
RUSSIAN GAZPROM WITHOUT EUROPE
Gazprom, which holds about 16% of global gas reserves and employs 492,200 people, was once one of Russia's most powerful corporate empires - so powerful it was known as "a state within the state".
2024, May, 17, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI ABOVE $79
Brent climbed 21 cents, or 0.25%, to $83.48 a barrel, WTI rose 7 cents, or 0.09%, to $79.30 a barrel.
2024, May, 17, 06:55:00
US FOSSIL FUEL FINANCE
the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.
2024, May, 17, 06:50:00
GERMAN INDUSTRIAL PRODUCTION DOWN
Production decreased 0.4% in March, led by drops in consumer and intermediate goods, and energy, the statistics office said Wednesday.
2024, May, 16, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $79
Brent rose 35 cents, or 0.4%, to $83.10 a barrel, WTI gained 40 cents, or 0.5%, to $79.03.
2024, May, 16, 06:55:00
RUSSIAN OIL REVENUE DOWN
The country exported a total of 7.3 million barrels a day last month, down 6.4% from March, the Paris-based agency said in its monthly report published Wednesday. That’s Russia’s lowest oil exports in five months, the IEA estimates show.
2024, May, 16, 06:50:00
INDIA NEED GAS
The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.
2024, May, 15, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI ABOVE $78
Brent were up 34 cents, or 0.4% at $82.71 a barrel, WTI rose 38 cents, or 0.5%, to $78.39 a barrel.
2024, May, 15, 06:55:00
GLOBAL OIL DEMAND +2.2 MBD
The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.
2024, May, 15, 06:30:00
COMMODITIES : RUNNING AMOK
The OECD's growth forecast for Russia has been significantly revised upward—from 1.8% to 2.6% for this year, placing it sixth globally.
2024, May, 14, 07:00:00
OIL PRICE: BRENT BELOW $84, WTI ABOVE $79
Brent inched 4 cents higher to $83.40 a barrel, WTI rose 5 cents to $79.17 a barrel.
2024, May, 14, 06:55:00
RUSSIAN OIL EXPORTS UP
Total Russian seaborne crude exports reached 3.9 million-4 million b/d in March and April, boosted by multi-month high shipments to India, and around the highest since Russia invaded Ukraine in February 2022.
2024, May, 14, 06:40:00
AUSTRALIAN COAL IS NEEDED
Australia's total coking coal exports are expected to increase by 14% from 2023 levels to 171.9 million mt in 2025,
2024, May, 14, 06:35:00
CHINA NEED GAS & COAL
Even as China has dramatically ramped up wind and solar in recent years, its power demand, including from electric vehicles, continues to outpace new supply, creating an ever greater need for fossil fuels.
2024, May, 8, 07:00:00
OIL PRICE: BRENT BELOW $83, WTI ABOVE $78
Brent fell 30 cents, or 0.36%, to $82.86 a barrel, WTI fell 25 cents, or 0.32%, to $78.13 a barrel.
