2020-06-01 10:30:00
UAE OIL PRODUCTION 2.4 MBD
PLATTS - 31 May 2020 - The UAE, OPEC's third-largest oil producer, pumped 2.4 million b/d in May, in line with its 2.446 million b/d OPEC+ quota as members within the 23-member alliance began a historic output curb, a source familiar with the matter told S&P Global Platts on Sunday.
The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments, as it joins Saudi Arabia's 1 million b/d additional curb and Kuwait's 80,000 b/d cut in attempts to help rebalance global oil markets.
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Chronicle:
2021, April, 15, 13:09:00
MASTERING WIND POWER 23 – 30 June 2021
Mastering Wind Power
LIVE ONLINE COURSE OVER 5 SESSIONS
Commences: 23 June 2021 – 30 June 2021 (7 – 10 am)
2021, April, 15, 13:05:00
U.S. OIL INVENTORIES DOWN 5.9 MB TO 492.4 MB
U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.
2021, April, 14, 12:19:58
OIL PRICE: ABOVE $64 STILL
Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.
2021, April, 14, 12:15:00
GLOBAL OIL DEMAND WILL UP BY 6 MBD
In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.
2021, April, 14, 12:10:00
U.S. OIL PRODUCTION WILL UP
Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.
2021, April, 14, 12:05:00
EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
2021, April, 14, 12:00:00
EUROPEAN WIND INVESTMENT $51 BLN
The investments financed 19.6 GW of capacity that will be constructed in the coming years. Around 13 GW of this will be in the EU.