Analysis
2021, April, 1, 12:05:00
U.S. OIL INVENTORIES DOWN 0.9 MB TO 501.8 MB
U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.
2021, March, 31, 11:55:00
OIL PRICE: ABOVE $64 ANEW
Brent rose 32 cents, or 0.5%, to $64.46 a barrel. WTI climbed 26 cents, or 0.4%, to $60.81 a barrel.
2021, March, 31, 11:50:00
OPEC PROTECTS OIL PRICE
OPEC+ will discuss whether to revive part of the 1.2 million barrels a day of output it’s committed to returning to the market in installments this year. At the same time, the Saudis will review the status of an additional 1 million barrel-a-day cut they have been making since February to accelerate the process of clearing the lingering oil glut.
2021, March, 31, 11:45:00
INDIA'S INDEXES DOWN ANEW
The blue-chip NSE Nifty 50 index fell 0.9% to 14,713 and the benchmark S&P BSE Sensex dropped 1% to 49,631, as of 0511 GMT.
2021, March, 31, 11:40:00
AUSTRALIA'S LNG EXPORTS WILL DOWN
Australian liquefied natural gas (LNG) export earnings are forecast to fall from $48 billion in 2019-20 to $33 billion in 2020-21 due to weaker global prices and demand.
2021, March, 30, 12:45:00
OIL PRICE: NEAR $65
Brent was down 21 cents, or 0.3%, at $65.19 a barrel. WTI was up 19 cents, or 0.3%, at $61.75 a barrel.
2021, March, 30, 12:40:00
OIL NEEDS A SOLUTION
Faltering oil prices in recent days after a weeks-long surge to around $70/b have many analysts forecasting that the OPEC+ group of producers may largely roll over their quotas for at least another month.
2021, March, 30, 12:35:00
GLOBAL INDEXES UP ANEW
European stocks opened higher with the regional STOXX 600 index up 0.5%. Britain’s FTSE 100 rose 0.6%, Germany’s DAX and Italy’s FTSE MIB rose 0.5% each, and France’s CAC 40 rose 1%.
2021, March, 30, 12:25:00
NUCLEAR FOR CLIMATE
"The analyses did not reveal any science-based evidence that nuclear energy does more harm to human health or to the environment than other electricity production technologies already included in the Taxonomy as activities supporting climate change mitigation,"
2021, March, 30, 12:10:00
GLOBAL WIND POWER +114 GW
114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY)
2021, March, 29, 13:35:00
OIL PRICE: ABOVE $64 YET
Brent was down 29 cents, or 0.5%, at $64.28 a barrel. WTI fell 55 cents, or 1%, to $60.42 a barrel.
2021, March, 29, 13:05:00
INDIA'S ENERGY CHANGES
The institutional framework in India attracts investments for its growing energy needs - private sector investments are allowed in coal mining, open up oil and gas retail markets.
2021, March, 29, 13:00:00
U.S. LNG EXPORTS UP
Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on average) as consumption (2.3% per year), according to data from the U.S. Energy Information Administration.
2021, March, 29, 12:45:00
OFFSHORE WIND ENERGY REASONS
Offshore wind farms can take advantage of major wind streams out in the ocean without taking up valuable real estate inland.
2021, March, 29, 12:40:00
U.S. RIGS UP 6 TO 417
U.S. Rig Count is up 6 from last week at 417, Canada Rig Count is down 11 from last week to 81