Analysis
2021, January, 14, 14:25:00
OIL PRICE: BELOW $56
Brent fell 36 cents to $55.70 a barrel. WTI dropped 26 cents to $52.65.
2021, January, 14, 14:20:00
CHINA OIL IMPORTS UP TO 10.86 MBD
China total oil imports over 2020 were up 7% year on year at 10.86 million b/d
2021, January, 14, 14:15:00
LNG PRICES UP
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities
2021, January, 14, 14:10:00
RUSSIA'S ELECTRICITY CONSUMPTION DOWN
Electricity consumption in the Unified Energy System (UES) of Russia decreased by 2.4% in 2020.
2021, January, 14, 13:50:00
U.S. CLEAN ENERGY JOBS DOWN
The US clean energy industry has haemorrhaged over 400,000 jobs since the outbreak of the Covid-19 pandemic,
2021, January, 13, 13:55:00
OIL PRICE: ABOVE $56
Brent was up 36 cents, or 0.6%, at $56.94 a barrel. WTI was up 34 cents, or 0.6%, at $53.55 a barrel.
2021, January, 13, 13:50:00
OIL PRICES 2021-22: $53
Brent crude oil spot prices to average $53 per barrel (b) in both 2021 and 2022 compared with an average of $42/b in 2020.
2021, January, 13, 13:45:00
NORD STREAM 2: THE NEW SANCTIONS
The companies could be at risk of U.S. sanctions under existing law if they do not stop work.
2021, January, 13, 13:40:00
QATAR LNG EXPANSION
State-owned Qatar Petroleum is planning a to increase LNG production by 43% to 110 million mt/year by 2025, up from 77 million mt/year currently.
2021, January, 13, 13:30:00
CHINA GDP WILL UP BY 7.9%
GDP growth is projected at 1.9 percent in 2020 and 7.9 percent in 2021,
2021, January, 13, 13:20:00
GLOBAL SOLAR FUNDING UP 24%
The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020.
2021, January, 13, 13:15:00
BRITAIN'S RENEWABLE ELECTRICITY 37%
Renewable power generation in Britain accounted for 37.3% of total production in 2020 (24.8% from wind, 6.5% from biomass, 4.4% from solar, and 1.6% from hydro).
2021, January, 12, 11:40:00
OIL PRICE: NEAR $56
Brent climbed 22 cents, or 0.4%, to $55.88 a barrel. WTI gained 25 cents, or 0.5%, to $52.50 a barrel.
2021, January, 12, 11:30:00
U.S. INDUSTRIAL GAS DEMAND UP
Over the past six weeks, the growth in US industrial gas demand has been fueled in large part by industries in the Northeast, Texas and the Southeast, which together account for over 60% of US industrial gas consumption.
2021, January, 12, 11:25:00
U.S. LNG FOR ASIA UP
The current trend suggests that Asia will remain the top destination for US LNG for months to come, following robust deliveries to the continent in 2020.