News
2022, August, 8, 12:15:00
IRANIAN NUCLEAR TALKS
The Iranian and Russian delegations, which have traditionally been close in the negotiations, held a separate meeting.
2022, August, 8, 12:10:00
SAUDI, CHINA COOPERATION
The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.
2022, August, 8, 12:05:00
SUSTAINABLE COOPERATION FOR CLIMATE
Saudi Arabia’s Permanent Representative to the UN Dr. Abdul Aziz Al-Wasel on Monday emphasized the importance of “adopting sustainable and cost-effective methods to achieve ambitious climate goals.”
2022, August, 8, 12:00:00
NUCLEAR FOR AUSTRALIA
The Australian Nuclear Science and Technology Organisation has operated a nuclear research reactor at Lucas Heights for more than 60 years, but the use of nuclear power in Australia is currently prohibited by federal and state-level legislation.
2022, August, 8, 11:55:00
U.S. EMPLOYMENT UP BY 528,000
Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported
2022, August, 8, 11:50:00
WORLDWIDE RIG COUNT UP 69 TO 1,775
The Worldwide Rig Count for July was 1,775, up 69 from the 1,706 counted in June 2022,and up 395 from the 1,380 counted in July 2021.
2022, August, 8, 11:45:00
U.S. RIGS DOWN 3 TO 764
U.S. Rig Count is down 3 from last week to 764, Canada Rig Count is down 1 from last week to 203.
2022, August, 4, 11:00:00
OIL PRICE: BRENT ABOVE $96, WTI ABOVE $90
Brent rose 10 cents, or 0.1%, at $96.88 a barrel, WTI was up 21 cents, a 0.2% gain, at $90.87.
2022, August, 4, 10:55:00
OPEC OIL PRICE: $104.86
The price of OPEC basket of thirteen crudes stood at $104.86 a barrel
2022, August, 4, 10:50:00
OPEC + RUSSIA + 100 TBD
Adjust upward the production level for OPEC and non-OPEC Participating Countries by 0.1 mb/d for the month of September 2022
2022, August, 4, 10:45:00
RUSSIAN OIL WITHOUT LIMITS
While the U.S. and European Union have already moved to ban imports of Russian oil into their ports, officials are now scrambling to curb Russia’s revenue from its oil sales globally and also avoid soaring energy prices during a time of high inflation.
2022, August, 4, 10:40:00
EUROPE WILL PAY MORE
Energy consumer prices are rising at an annual rate of nearly 40 per cent in the eurozone and 57 per cent in the UK, reflecting the surge in wholesale gas and oil prices after Russia’s invasion of Ukraine. That is drastically eating into households’ disposable income.
2022, August, 4, 10:35:00
GERMAN ENERGY IS EXPENSIVE
The incentive to reduce gas consumption is huge after Putin reduced supplies to Germany via the Nord Steam 1 pipeline. The Dutch TTF gas contract, a European benchmark, is trading above 205 euros ($209) per megawatt hour, 10 times its average in the decade through 2020 and equivalent to about $350 per barrel of oil.
2022, August, 4, 10:30:00
EUROPE NEED OIL GAS INVESTMENT
TotalEnergies said it would boost spending on short-cycle projects this year to help ease Europe's growing energy supply crunch. It expects its full-year capital spending to hit $16 billion in 2022 as it hopes to increase its sources of European natural gas and produce more LNG in the coming months.
2022, August, 4, 10:25:00
NUCLEAR FOR SUSTAINABLE DEVELOPMENT
“Nuclear cogeneration has an enormous potential to contribute to sustainable development while reducing carbon emissions, by taking advantage of the carbon free heat of nuclear power plants to provide fresh water, district heating, process heat and hydrogen,”