Analysis
2024, February, 21, 06:35:00
GLOBAL ENERGY INDUSTRY DEVELOPMENT 2024
In 2024, Energy consumers have more questions about the state of the Energy Industry's current initiatives than answers. Some areas to focus on include decarbonization, technology implementation, energy storage, and emergency responses.
2024, February, 21, 06:10:00
INDONESIAN COAL EXPORTS UP
For 2023 as a whole, Indonesian exports scaled a new high of 504.6 million tons, so if the blistering pace of exports seen so far this year is sustained, 2024 will mark a new high for Indonesian exports of the power fuel.
2024, February, 20, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI NEAR $80
Brent ticked down 11 cents to $83.45 a barrel, WTI rose 36 cents to $79.55 a barrel.
2024, February, 20, 06:50:00
RUSSIAN ENERGY SANCTIONS 2024
The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine
2024, February, 20, 06:45:00
INDIA NEED GAS
India's natural gas consumption in 2024 will likely grow 5%-6% corresponding to an estimated economic growth of 6%-7%,
2024, February, 20, 06:35:00
GLOBAL LNG DEMAND WILL UP
Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel.
2024, February, 20, 06:30:00
EUROPE NEED SMR NUCLEAR
"Compared to the larger, conventional nuclear power plants, SMRs have several advantages — such as shorter construction time schedules, enhanced safety features and a sounder appeal to private investors thanks to their lower initial costs and shorter development timelines," the commission added.
2024, February, 16, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $78
Brent were down 9 cents, or 0.1%, to $82.77 a barrel, WTI rose 4 cent to $78.07 a barrel.
2024, February, 16, 06:55:00
GLOBAL OIL DEMAND 2024: +2.2 MBD
The global oil demand growth forecast for 2024 remains unchanged from last month’s assessment at 2.2 mb/d.
2024, February, 16, 06:45:00
RUSSIAN RESERVES DOWN
"Oil prices at $80 is extremely comfortable for Russia," she said. "Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above."
2024, February, 16, 06:30:00
GERMANY'S ECONOMY DOWN
The European Commission on Thursday said Germany will be the biggest drag on euro zone growth this year and next, with growth of only 0.3% in 2024 rather than 0.8% expected in November and 1.2% in 2025, after a 0.3% recession last year.
2024, February, 13, 07:00:00
OIL PRICE: BRENT NEAR $82, WTI NEAR $77
Brent edged 1 cent lower $81.99 a barrel, WTI rose 1 cent to $76.93 a barrel.
2024, February, 9, 07:00:00
OIL PRICE: BRENT NEAR $82, WTI ABOVE $76
Brent slipped 1 cent to $81.62 a barrel, WTI rose 3 cents to $76.25 a barrel.
2024, February, 9, 06:30:00
ASIA NEED LNG
Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining Asia's stronger reexport trend that emerged in 2023,
2024, February, 9, 06:25:00
CHINA NEED LNG
Market players said the truck LNG price in China has continued to decline, with an average price of around Yuan 4,100/mt as of Feb. 7, marking a decrease of approximately 15% compared with the average price in 2023. Additionally, specific regional prices have dipped below Yuan 3,600/mt due to factory closures and reduced production during the festive season, sources said.