Brent crude oil spot prices averaged $66 per barrel (b) in March, up $2/b from February 2019. Brent prices for the first quarter of 2019 averaged $63/b, which is $4/b lower than the same period in 2018. Despite lower crude oil prices than last year, Brent prices in March were $9/b higher than in December 2018, marking the largest December-to-March price increase since December 2011 to March 2012.
France's EDF has launched a hydrogen production and distribution subsidiary to support decarbonisation of industry and mobility using low-carbon electricity from its nuclear and renewable energy fleet.
Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic.
IEA - Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions.
Александр Новак отметил, что российским энергетикам удалось достичь энергонезависимости полуострова за рекордно короткие сроки: «Крым соединён с единой энергосистемой и может, как выдавать электроэнергию в единую энергосистему, так и получать из неё электричество при необходимости».
The U.S. Energy Information Administration is expecting domestic coal-fired power generation this year to reach its lowest level in over 70 years.
Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
AP - The expansion of the regional electricity grid cannot be undertaken without foreign investment, thus presenting a lucrative win-win opportunity for foreign investors. Numbers by the International Energy Agency (IEA) indicate that the region would require US$1.2 trillion in investments between now and 2040 in order to modernise and expand its electricity grids.
IRENA - Innovative solutions accelerate low-cost renewables in the power sector, providing countries with tools to benefit from renewables scale-up, new IRENA report finds
WNN - EDF in 2018 achieved all its financial objectives and exceeded the targets of its performance plan, company chairman and CEO Jean-Bernard Lévy announced last week. Its performance would be "amplified" in 2019, he said during the presentation of its results.
EIA - U.S. crude oil production continues to set annual records through the mid-2020s and remains greater than 14.0 million barrels per day (b/d) through 2040. The continued development of tight oil and shale gas resources, particularly those in the East and Southwest regions, supports growth in NGPL production—which reaches 6.0 million b/d by 2030—and dry natural gas production. Dry natural gas production reaches 43.4 trillion cubic feet by 2050.
ROSATOM - At the present time, the share of nuclear generation in the total energy mix of the country is 18,7% of the total electricity generation in Russia. Thus, each fifth electric bulb in the Russian Federation is lit owing to energy produced at nuclear power plants.
PLATTS - The government-appointed coal commission is finalizing recommendations this week for the phase-out of coal-fired power stations, which provide 35% of Germany's generation mix.
U.S. EIA - EIA forecasts Brent prices will average $61 per barrel (b) in 2019 and $65/b in 2020. In 2018, Brent prices averaged $71/b.