February 2023
![February 2023](/cache/02-23/usa-32.c6be1054.jpg)
2023, February, 17, 10:35:00
U.S. OIL INVENTORIES UP BY 16.3 MB TO 471.4 MB
U.S. commercial crude oil inventories increased by 16.3 million barrels to 471.4 million barrels.
![February 2023](/cache/02-23/price-98.e1c3a0fb.jpg)
2023, February, 15, 14:00:00
OIL PRICE: BRENT BELOW $85, WTI ABOVE $78
Brent slid $1.13, or 1.3%, to $84.45 a barrel, WTI dropped $1.31, or 1.7% to $77.75.
![February 2023](/cache/02-23/oil-5.2db9a968.jpg)
2023, February, 15, 13:55:00
GLOBAL OIL DEMAND WILL GROW
Nonetheless, the IEA said global oil markets will likely remain in surplus in the first half of the year amid surprisingly robust output from Russia.
![February 2023](/cache/02-23/energy-16.43a2c183.jpg)
2023, February, 15, 13:50:00
GLOBAL OIL GAS CHANGES
We can replace all crude oil with cellulosic biomass (corn stover, forest debris, etc.) liquid drop-in hydrocarbons if the conversion process uses massive external sources of heat and hydrogen.
![February 2023](/cache/02-23/nuclear-11.27bed5a5.jpg)
2023, February, 15, 13:45:00
GLOBAL NUCLEAR POWER RISE
Many countries including China and India have developed aggressive nuclear development plans, as have Poland, the Czech Republic, the UK, the Netherlands, and even Ukraine to a lesser extent.
![February 2023](/cache/02-23/digit-3.daaa2896.jpg)
2023, February, 15, 13:40:00
GLOBAL ENERGY METAVERSE
Metaverse technology platforms are predicted to become a lucrative market – possibly up to $800 billion by 2024, according to a December 2021 Bloomberg report; this is a potentially large market.
![February 2023](/cache/02-23/usa-31.6f3fb6b4.jpg)
2023, February, 15, 13:35:00
U.S. RENEWABLES GROWTH
Renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) provided nearly three-quarters (74.1%) of new utility-scale generating capacity in the U.S. last year.
![February 2023](/cache/02-23/price-99.ca16e97d.jpg)
2023, February, 13, 13:50:00
OIL PRICE: BRENT BELOW $86, WTI BELOW $79
Brent fell 86 cents, or 1%, to $85.53 a barrel, WTI was at $78.83 a barrel, down 89 cents, or 1.1%.
![February 2023](/cache/02-23/price-89.2677d046.jpg)
2023, February, 13, 13:45:00
РОССИЯ СНИЗИТ ДОБЫЧУ НЕФТИ
Россия в марте добровольно сократит добычу на 500 тыс. баррелей в сутки. Это будет способствовать восстановлению рыночных отношений.
![February 2023](/cache/02-23/price-95.7c919d3d.jpg)
2023, February, 13, 13:40:00
EUROPEAN GAS PRICES DOWN AGAIN
Benchmark futures are now trading just above €50, near the lowest levels since September 2021.