Analysis
2020, May, 22, 13:00:00
BRITAIN'S POUND DOWN
The pound is in the lower band of its recent trading range, as Britain remains one of the countries hit hardest by the pandemic.
2020, May, 22, 12:55:00
OILFIELD SERVICES DOWN 49%
Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.
2020, May, 22, 12:50:00
U.S. LNG CANCELED
The July cancellations, roughly double what was reported for June, represent nearly two-thirds the average volume of US LNG that was produced monthly when the coronavirus began to spread globally in January,
2020, May, 22, 12:45:00
QATAR'S LNG PRODUCTION: NO WAY
Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.
2020, May, 22, 12:40:00
ARGENTINA'S OIL RESTORATION: $45
Argentina's oil-producing provinces applauded the reference price as well as an elimination of the 8% export tax when Brent is less than $45/b.
2020, May, 21, 12:55:00
OIL PRICE: NOT ABOVE $37
Brent rose 42 cents, or 1.2%, at $36.17 per barrel, WTI climbed 40 cents, or 1.2%, to $33.89.
2020, May, 21, 12:45:00
U.S. OIL INVENTORIES DOWN BY 5 MB TO 526.5 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year.
2020, May, 21, 12:35:00
U.S. RIGS: THE LOWEST LEVEL
Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987.
2020, May, 21, 12:30:00
U.S. POWER GRID DOWN 5.8%
U.S. power grid weighted-average 5.8% decrease in demand for 2020 versus the same period in 2019.
2020, May, 21, 12:20:00
COVID & CLEAN ENERGY
Podcast/Audio - It's sad, but also topical and unavoidable. So in this, our thirtieth 'chinwag' podcast, Dr Massey and I decided to chat through what some of the implications of the virus might be for the clean energy sector.
2020, May, 21, 12:15:00
NORWAY'S OIL & GAS PRODUCTION 2.117 MBD
Norway's preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate,
2020, May, 20, 11:55:00
OIL PRICE: NEAR $35 YET
Brent were up 10 cents, or 0.3%, at $34.75 per barrel, WTI were down 2 cents at $31.94 a barrel
2020, May, 20, 11:45:00
U.S. ECONOMY WILL DOWN BY 37%
the U.S. economy would contract at a 37.7% annual rate in the second quarter, but expand at a 21.5% pace in the July-September period.