June 2020
![June 2020](/cache/06-20/rig-173.ed389907.jpg)
2020, June, 29, 13:45:00
U.S. RIGS DOWN 1 TO 265
U.S. Rig Count is down 1 rigs from last week to 265, Canada Rig Count is down 4 rigs from last week to 13
![June 2020](/cache/06-20/price-535.31c51bcd.jpg)
2020, June, 26, 11:40:00
OIL PRICE: NEAR $41
Brent rose 32 cents, or 0.8%, to $41.37, WTI gained 25 cents, or 0.7%, to $38.97
![June 2020](/cache/06-20/price-529.63eae86a.jpg)
2020, June, 26, 11:35:00
GAS PRICE $1.38
The average spot price of natural gas at the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998,
![June 2020](/cache/06-20/price-533.fa29f6e0.jpg)
2020, June, 26, 11:30:00
STOCKMARKETS UPDOWN
Japan's Nikkei .N225 rose 1.3% to sit 0.4% higher for the week.
![June 2020](/cache/06-20/china-283.9b3c5173.jpg)
2020, June, 26, 11:25:00
SAUDI'S OIL FOR CHINA UP
China's arrivals from Saudi last month reached 9.165 million tonnes, or 2.16 million barrels per day (bpd), up about 95% from 1.11 million bpd in May 2019 and up 71% from 1.26 million bpd in April,
![June 2020](/cache/06-20/china-282.5d0a3e66.jpg)
2020, June, 26, 11:20:00
THE NEW CHINA'S COAL
New coal plant projects proposed this year in China would add more than 40GW to the country’s power supply
![June 2020](/cache/06-20/renewable-99.8e5636a5.jpg)
2020, June, 26, 11:15:00
VIRTUAL POWER PLANTS
A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.
![June 2020](/cache/06-20/hydrogen-18.2f29aaa4.jpg)
2020, June, 26, 11:10:00
HYDROGEN FOR FUEL CELLS
Hydrogen fuel cells can also open up additional revenue streams for utilities
![June 2020](/cache/06-20/price-528.c3fed4b7.jpg)
2020, June, 25, 14:15:00
OIL PRICE: NEAR $40 ANEW
Brent fell 13 cents, or 0.3%, to $40.18 a barrel, WTI declined 23 cents, or 0.6%, to $37.78 a barrel.
![June 2020](/cache/06-20/usa-212.057f80ab.jpg)
2020, June, 25, 14:10:00
U.S. OIL INVENTORIES UP BY 1.4 MB TO 540.7 MB
U.S. commercial crude oil inventories increased by 1.4 million barrels from the previous week to 540.7 million barrels