News
2022, May, 6, 10:25:00
NORWEGIAN WIND ENERGY FOR SWEDEN 7.75 GW
The Norwegian company Deep Wind Offshore has initiated a consultation on a 6 GW floating offshore wind project in the Swedish Baltic Sea comprising 240 x 25 MW or 300 x 20 MW turbines.
2022, May, 6, 10:20:00
PORTUGAL'S, BRAZIL RENEWABLES 4.8 GW
The Portuguese energy group Galp has reached an agreement with SER Energia and Casa dos Ventos to acquire upon maturity up to 4.8 GW of solar and wind projects spread through nine Brazilian states.
2022, May, 5, 14:55:00
OIL PRICE: BRENT NEAR $111, WTI ABOVE $108
Brent was up 36 cents, or 0.3%, at $110.50 a barrel, WTI rose 4 cents, or less than 0.1%, to $107.85.
2022, May, 5, 14:50:00
OPEC OIL PRICE: $110.83
The price of OPEC basket of thirteen crudes stood at $110.83 a barrel on Wednesday,
2022, May, 5, 14:45:00
OPEC+ PRODUCTION +432 TBD
Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per day, in line with its existing plan to unwind output curbs made during the worst of the COVID-19 pandemic in 2020.
2022, May, 5, 14:40:00
NORD STREAM 2 FOR RUSSIA
"Due to the fact that the Nord Stream 2 offshore gas pipeline is currently not in use, and taking into account the implementation of gas supply for consumers in northwest Russia, Gazprom has decided to use the excess onshore gas transmission capacity of Nord Stream 2 for the development of gas supply to the regions of northwest Russia," Gazprom said in a statement.
2022, May, 5, 14:35:00
EUROPEAN WIND INVESTMENT €41 BLN, 24.6 GW
19 GW of new wind projects were financed in the European Union, well below the required rate of 32 GW/year to meet the current 40% renewable energy targets by 2030.
2022, May, 5, 14:30:00
U.S. FEDERAL FUNDS RATE 0.75 - 1%
In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent and anticipates that ongoing increases in the target range will be appropriate.
2022, May, 5, 14:25:00
GLOBAL CLIMATE RISKS 4% GDP
Bangladesh, India, Pakistan and Sri Lanka's exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10%-18% of GDP at risk, roughly treble that of North America and 10 times more than the least-affected region, Europe.
2022, May, 5, 14:20:00
U.S. OIL INVENTORIES UP BY 1.3 MB TO 415.7 MB
U.S. commercial crude oil inventories increased by 1.3 million barrels to 415.7 million barrels.
2022, May, 5, 14:15:00
THE 2ND WORLD LARGEST CHINA HYDROPOWER STATION 16 GW
The last few generating units of southwest China's Baihetan Hydropower Station are being installed and tested.
2022, May, 4, 12:30:00
OIL PRICE: BRENT NEAR $108, WTI NEAR $106
Brent rose $2.94, or 2.8%, to $107.91 a barrel, WTI rose $3.02, or 3%, to $105.43 a barrel.
2022, May, 4, 12:25:00
OPEC OIL PRICE: $109.80
The price of OPEC basket of thirteen crudes stood at $109.80 a barrel on Tuesday
2022, May, 4, 12:20:00
RUSSIAN OIL FOR INDIA
Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts Dated Brent crude oil benchmark.
2022, May, 4, 12:15:00
CHINA LNG IMPORTS UP
China’s LNG imports averaged 10.5 billion cubic feet per day (Bcf/d), a 19% increase compared with 2020.