Analysis
![Analysis](/cache/01-21/electricity-34.4566cf2b.jpg)
2021, January, 18, 12:45:00
OECD RENEWABLE ELECTRICITY UP 12%
Renewable electricity production was 262.8 TWh, up by 12.4% compared to October 2019 and by8.7 % compared to September 2020.
![Analysis](/cache/01-21/novatek-63.e87b27a1.jpg)
2021, January, 18, 12:30:00
NOVATEK PRODUCTION +3%
In 2020, NOVATEK’s hydrocarbon production totaled 608.2 million barrels of oil equivalent (boe),
![Analysis](/cache/01-21/rig-2.83cf1c7f.jpg)
2021, January, 18, 12:25:00
U.S. RIGS UP 13 TO 373
U.S. Rig Count is up 13 from last week to 373, Canada Rig Count is up 44 from last week to 161.
![Analysis](/cache/01-21/price-8.6b3d38a1.jpg)
2021, January, 15, 12:05:00
OIL PRICE: BELOW $56 ANEW
Brent was down 71 cents, or 1.2%, at $55.71 a barrel. WTI was 46 cents, or 0.9%, lower at $53.11 a barrel.
![Analysis](/cache/01-21/oil-3.06a8c6cf.jpg)
2021, January, 15, 12:00:00
GLOBAL OIL DEMAND WILL UP BY 5.9 MBD
For 2021, global oil demand is forecast to increase by 5.9 mb/d y-o-y to average 95.9 mb/d.
![Analysis](/cache/01-21/price-6.b19590eb.jpg)
2021, January, 15, 11:50:00
LNG PRICES UP ANEW
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000%.
![Analysis](/cache/01-21/oil-1.abe45252.jpg)
2021, January, 15, 11:45:00
U.S. OIL GAS PRODUCTION UPDOWN
U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices.
![Analysis](/cache/01-21/gas-1.7f866577.jpg)
2021, January, 15, 11:40:00
U.S. GAS PRODUCTION UPDOWN
U.S. marketed gas production for 2021 will fall 2% and average 96.2 billion cubic feet per day (Bcf/d).
![Analysis](/cache/01-21/usa-2.316824bb.jpg)
2021, January, 15, 11:35:00
U.S. OIL INVENTORIES DOWN 3.2 MB TO 482.2 MB
U.S. commercial crude oil inventories decreased by 3.2 million barrels to 482.2 million barrels.
![Analysis](/cache/01-21/india-2.0d0ad8ea.jpg)
2021, January, 15, 11:25:00
INDIA'S INDEXES DOWN
The blue-chip NSE Nifty 50 index fell 0.5% to 14,529 and the benchmark S&P BSE Sensex was down 0.4% at 49,600.11 by 0411 GMT.
![Analysis](/cache/01-21/energy-1.6f31171e.jpg)
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.
![Analysis](/cache/01-21/digit-1.6b07a4c6.jpg)
2021, January, 15, 11:15:00
GRID DIGITALIZATION: BENEFITS AND CHALLENGES IN 2021
The modern grid, also known as the smart grid, is interconnected and automated, with many technologies involved, including artificial intelligence (AI), edge computing, and the Internet of Things (IoT).
![Analysis](/cache/01-21/price-1.5b5d2553.jpg)
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.
![Analysis](/cache/01-21/china-3.2e32c8fd.jpg)
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
![Analysis](/cache/01-21/lng-1.0a944345.jpg)
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