Analysis
2020, June, 18, 11:00:00
SOLAR POWER DECREASES
Due to the extended lockdown of the global economy, the solar market will experience a contraction in 2020 with its base-case scenario predicting 112 GW of new capacity instead of the 144 GW projected in last year's forecast.
2020, June, 18, 10:55:00
CHINA STOCKS UP
At the close, the Shanghai Composite index was up 0.12% at 2,939.32, while the blue-chip CSI300 index was up 0.67%.
2020, June, 17, 12:50:00
OIL PRICE: NOT ABOVE $41 ANEW
Brent was up 29 cents, or 0.7%, at $41.25 a barrel, WTI rose 17 cents, or 0.4%, to $38.55 a barrel.
2020, June, 17, 12:40:00
GLOBAL OIL DEMAND UPDOWN
Oil demand in 2020 is expected to fall by 8.1 mb/d, the largest in history, before recovering by 5.7 mb/d in 2021.
2020, June, 17, 12:30:00
U.S. COAL CONSUMPTION DOWN
In 2019, U.S. coal consumption totaled 590 million short tons (MMst).
2020, June, 17, 12:25:00
U.S. INDUSTRIAL PRODUCTION UPDOWN
U.S. Total industrial production increased 1.4 percent in May
2020, June, 17, 12:20:00
U.S. SOLAR SALES RISE
Of the top 25 solar power generating facilities in the US, 15 are located in California, four in Arizona, four in Nevada and two in Texas. Four of the top five solar facilities by sales volumes reported to FERC are located in California, while one is in Arizona.
2020, June, 17, 12:15:00
MSCI WORLD INDEX UPDOWN
MSCI’s broadest index of World shares crawled 0.2% higher, having climbed 2.2% the previous day to reclaim a good portion of the ground it lost last week.
2020, June, 17, 12:10:00
THE NEW CHINA'S REFINERY $6.2 BLN
China’s state-owned refining group Sinopec has commissioned a greenfield 200,000 bbl/d refinery in Zhanjiang
2020, June, 17, 12:05:00
CHINA'S HYDROPOWER FOR INDONESIA $1.6 BLN
China Gezhouba Group (CGG) has signed a CNY11.5bn (US$1.6bn) contract with PT Indonesia Dafeng Heshun Energy Industri to build the 1,200 MW Data Dian hydropower project in North Kalimantan (Indonesia).
2020, June, 16, 14:25:00
OIL PRICE: NOT ABOVE $41 YET
Brent rose 77 cents, or 1.94%, at $40.49 a barrel, WTI gained 61 cents, or 1.64%, to $37.73 a barrel.
2020, June, 16, 14:15:00
U.S.$ DOWN
U.S. Federal Reserve prepared to start its corporate bond buying scheme,
2020, June, 16, 14:10:00
EUROPE'S SHARES UPDOWN
The pan-European STOXX 600 index rose 2.2%, recovering from a slump in the past few sessions that was fuelled by grim forecasts of an economic rebound from the COVID-19 pandemic and a resurgence in infections in the United States and Beijing.
2020, June, 16, 14:05:00
GLOBAL UPSRTEAM INVESTMENTS DOWN
Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.
2020, June, 16, 14:00:00
GLOBAL ELECTRICITY CONSUMPTION UP
Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption),