September 2021
![September 2021](/cache/09-21/price-0121.24a0b7c4.jpg)
2021, September, 10, 12:55:00
OIL PRICE: BELOW $73 YET
Brent rose $1.20, or 1.7%, to $72.65, WTI was at $69.19, up $1.05 or 1.5%.
![September 2021](/cache/09-21/nord-stream-004.348d95d3.jpg)
2021, September, 10, 12:50:00
NORD STREAM 2 COMPLETED
On Sept. 6, Gazprom said that pipelaying work on the project had been completed and commercial operations are expected to begin before the end of 2021. Nord Stream 2 includes two strings of 27.5 Bcm.
![September 2021](/cache/09-21/nuclear-020.a378b64b.jpg)
2021, September, 10, 12:45:00
THE NEW RUSSIAN NUCLEAR
The MBIR is a 150 MWt, sodium-cooled fast reactor and will have a design life of up to 50 years.
![September 2021](/cache/09-21/price-0115.a084acab.jpg)
2021, September, 10, 12:40:00
OIL PRICES 2021-22: $71-$66
We expect Brent prices will remain near current levels for the remainder of 2021, averaging $71/b during the fourth quarter of 2021 (4Q21). In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining to an annual average of $66/b.
![September 2021](/cache/09-21/nuclear-021.36846cb0.jpg)
2021, September, 10, 12:35:00
NUCLEAR FUEL IS NEEDED
Nuclear generation capacity is expected to grow by 2.6% annually, reaching 615 GWe by 2040
![September 2021](/cache/09-21/china-005.512bb288.jpg)
2021, September, 10, 12:30:00
CHINA'S HYDROPOWER UP
China has unveiled a plan to expand its pumped-storage hydropower capacity to 62 GW in 2025 and 120 GW in 2030.
![September 2021](/cache/09-21/usa-013.b0d52818.jpg)
2021, September, 10, 12:20:00
U.S. OIL INVENTORIES DOWN BY 1.5 MB TO 423.9 MB
U.S. commercial crude oil inventories decreased by 1.5 million barrels from the previous week to 423.9 million barrels.
![September 2021](/cache/09-21/usa-012.b5145480.jpg)
2021, September, 10, 12:15:00
U.S. SOLAR POWER WILL UP
By 2035, the decarbonization scenarios show cumulative solar deployment of 760–1,000 GW, serving 37%–42% of electricity demand
![September 2021](/cache/09-21/spain-4.d076701b.jpg)
2021, September, 10, 12:10:00
SPAIN RENEWABLES UP
The Spanish Secretariat of State for Energy has scheduled the new auction for 3.3 GW of renewables capacity for 19 October 2021.
![September 2021](/cache/09-21/wind-002.afd6f5a3.jpg)
2021, September, 10, 12:05:00
WIND IN TAIWAN 6 GW
Taiwan has a target to instal an additional 9 GW of offshore wind by 2031, and 15 GW by 2035.