News
2022, May, 13, 11:50:00
OIL PRICE: BRENT ABOVE $108, WTI ABOVE $106
Brent were up $1.68, or 1.6%, at $109.13 a barrel, WTI climbed $1.40, or 1.3%, to $107.53 a barrel.
2022, May, 13, 11:45:00
OPEC OIL PRICE: $109.02
The price of OPEC basket of thirteen crudes stood at $109.02 a barrel on Wednesday
2022, May, 13, 11:40:00
GLOBAL OIL DEMAND 2022: +3.4 MBD
World oil demand growth in 2022 is expected to increase by 3.4 mb/d y-o-y, representing a downward revision of 0.3 mb/d from last month’s report, with 1.8 mb/d in the OECD and 1.6 mb/d in the non-OECD.
2022, May, 13, 11:35:00
GERMANY'S, RUSSIA GAS SANCTIONS
European gas prices were trading higher early May 12, with the TTF month-ahead price up at Eur105/MWh ($109.72/MWh) as of 0815 GMT, according to ICE data.
2022, May, 13, 11:30:00
RUSSIAN SANCTIONS FOR EUROPE
Germany, Russia's top client in Europe, said some subsidiaries of Gazprom Germania were receiving no gas because of the sanctions.
2022, May, 13, 11:25:00
EUROPEAN LNG IMPORTS UP
The monthly import profile for April, which following European wholesale front-month trade in March, saw sourcing from all parts of the world intensify, with Europe comfortably receiving its highest-ever volume for a single month. This was, however, paid for at a high price.
2022, May, 13, 11:20:00
TURKISH LNG IMPORTS UP
Global LNG import volumes reached 372.3 million tons, a rise of 16.2 million tons from 2020,
2022, May, 13, 11:15:00
GLOBAL RENEWABLES RECORD 295 GW
The world added a record 295 gigawatts of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays and high raw material prices, according to the IEA’s latest Renewable Energy Market Update.
2022, May, 13, 11:10:00
ARAMCO HYDROGEN COOPERATION
Both the companies will work together in areas of blue and green hydrogen and various clean energy initiatives, according to a statement.
2022, May, 13, 11:05:00
U.S. OIL INVENTORIES UP BY 8.5 MB TO 424.2 MB
U.S. commercial crude oil inventories increased by 8.5 million barrels to 424.2 million barrels.
2022, May, 12, 14:15:00
OIL PRICE: BRENT ABOVE $105, WTI ABOVE $103
Brent down $2.26, or 2.1%, to $105.25 a barrel, WTI fell $2.45, or 2.3%, to $103.26 a barrel.
2022, May, 12, 14:10:00
RUSSIAN SANCTIONS FOR GERMANY
Moscow has imposed sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as Gazprom's former German unit, whose subsidiaries help meet Europe's gas consumption.
2022, May, 12, 14:05:00
RUSSIAN GAS FOR EUROPE DOWN
Requests via the Velke Kapusany border point in Slovakia were around 512,056 megawatt hours (MWh) per day, down from 856,922 MWh per day earlier on Thursday, data from Slovakian operator TSO Eustream showed.
2022, May, 12, 14:00:00
JAPAN, EUROPE LNG COOPERATION
"We will cooperate to reduce Europe's dependency on energy supplies from Russia and to ensure diversification of energy supply sources, and acknowledge the need for investments to achieve this."
2022, May, 12, 13:55:00
FRANCE'S NUCLEAR SMR
The Nuward - consisting of a 340 MWe SMR plant with two pressurised water reactors (PWRs) of 170 MWe each - has been jointly developed using France's experience in PWRs.