March 2020

what is really behind small modular nuclear reactors and why they are poised to disrupt the generation field in the coming decade

ExxonMobil is planning capital expenditures of between $30 billion to $35 billion annually through 2025, consistent with previous guidance. For 2020, the company anticipates an investment level of up to $33 billion, depending on the progress of individual projects.

RUSHYDRO Reported: net profit RUB 51,547 mn – adjusted net profit (-27.1% y-o-y) net profit in 2019 – RUB 643 mn (-98.0% y-o-y) mostly as a result of impairment of property, plant & equipment.

Australia's economic growth has recovered gradually in 2019 from the lows in the second half of 2018,

Brent rose by 78 cents, or 1.50%, to $52.64 a barrel, WTI rose by 72 cents, or 1.53%, to $47.90 a barrel,

“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.

Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.

Iraq's total exports, which include those of Kurdistan, reached 3.873 million b/d in February, up from 3.667 million b/d in January,

Venezuela's oil exports increased to 1.046 million barrels per day (bpd) last month from 960,000 bpd in January,

China’s coal consumption and total energy consumption increased by 1% and 3.3%, respectively, in 2019.