Analysis
2021, March, 2, 12:20:00
ASIA'S LNG PRICES DOWN
The weekly assessment for spot LNG LNG-AS cargoes dropped to $5.60 per million British thermal units (mmBtu) in the week that ended Feb. 26, the lowest since early October and about 81% below the peak of $29 on Jan 15.
2021, March, 2, 12:15:00
ASIA INDEXES DOWN
Japan’s Nikkei was down 0.85% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month.
2021, March, 1, 11:00:00
OIL PRICE: NOT ABOVE $66
Brent rose $1.07, or 1.7%, to $65.49 per barrel. WTI jumped $1.01, or 1.6%, to $62.51 a barrel.
2021, March, 1, 10:50:00
GLOBAL GAS DEMAND WILL UP 50%
Natural gas will overtake coal in 2025 and become the largest global primary energy source by 2047, with oil plateauing around 2040 and then beginning its irreversible decline
2021, March, 1, 10:40:00
ENERGY STORAGE FOR INDIA
The Central Electricity Authority (CEA) projects that solar and wind will form 51% of India’s total installed capacity, or 420GW, by 2030, with biomass and small hydro adding another 30GW, while the IEA’s India Energy Outlook 2021 says that India could add 900GW of renewable capacity by 2040.
2021, March, 1, 10:25:00
AUSTRALIA'S INDEXES UP
The S&P/ASX 200 index rose 1.7% to close at 6,789.6 in a solid start to March, posting its biggest intraday percentage gain since Jan. 7.
2021, March, 1, 10:15:00
U.S. RIGS UP 5 TO 402
U.S. Rig Count is up 5 from last week at 402, Canada Rig Count is down 9 from last week to 163,
2021, February, 26, 11:50:00
OIL PRICE: NOT ABOVE $67
Brent fell 63 cents, or 0.9%, to $66.25 a barrel. WTI dropped 72 cents, or 1.1%, to $62.81 a barrel.
2021, February, 26, 11:45:00
CHINA'S COAL IMPORTS UP
China had the highest gain in coal imports from the U.S. among the top destinations in the fourth quarter of 2020. The Asian country imported 1.0 Mt of coal from the U.S. during the period, a 251.8% increase year over year and a 748.2% jump quarter over quarter.
2021, February, 26, 11:40:00
CHINA INDEXES DOWN
The blue-chip CSI300 index fell 2.4% to 5,336.76, while the Shanghai Composite Index dropped 2.1% to 3,509.08 points.
2021, February, 25, 12:25:00
OIL PRICE: ABOVE $67
Brent gained 37 cents, 0.6%, to $67.41 a barrel. WTI was at $63.54 a barrel, up 32 cents, 0.5%.
2021, February, 25, 11:45:00
U.S. OIL INVENTORIES UP 1.3 MB TO 463.0 MB
U.S. commercial crude oil inventories increased by 1.3 million barrels to 463.0 million barrels.
2021, February, 24, 11:05:00
OIL PRICE: NEAR $65 ANEW
Brent fell 35 cents, or 0.5%, to $65.02 a barrel. WTI were down 56 cents or 0.9% at $61.11 a barrel.
2021, February, 24, 10:50:00
GLOBAL OIL DEMAND WILL UP TO 100 MBD
Oil demand to reach 102.6 million b/d by the fourth quarter of this year, the highest since Q4 2019 when it averaged 103.9 million b/d.
2021, February, 24, 10:45:00
INDIA'S INDEXES UP
The NSE Nifty 50 index was up 0.77% at 14,820.45 by 0450 GMT, while the S&P BSE Sensex gained 0.63% to 50,061.21.