News
2022, July, 11, 13:35:00
EUROPEAN GAS PRICES DOWN
Europe’s energy industry has been plunged further into turmoil since Russia deepened its supply cuts last month.
2022, July, 11, 13:30:00
CANADA WITHOUT RUSSIA SANCTIONS
Russia's Gazprom on June 16 cut gas supplies via the Nord Stream pipeline to Germany to just 40% of capacity, citing maintenance issues with gas turbines at the key Portovaya compressor station.
2022, July, 11, 13:25:00
THE VERSATILITY OF HYDROGEN
Hydrogen is becoming a more versatile fuel, however, and is receiving interest in energy storage, as a transportation fuel, as a fuel for electricity generation, and as a fuel for heating.
2022, July, 11, 13:20:00
BLUE HYDROGEN FOR CLIMATE
Green means the hydrogen has been made using electricity and from renewable sources. But as with electric cars, the environmental footprint is determined by the power mix carbon intensity if it is connected to the grid.
2022, July, 11, 13:15:00
DIGITAL FRAUD IN ENERGY
Perhaps the biggest issue is that the increased use of tech has made it far easier to scam people using utilities.
2022, July, 11, 13:10:00
U.S. EMPLOYMENT UP BY 372,000
Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported
2022, July, 11, 13:05:00
U.S. RIGS UP 2 TO 752
U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.
2022, July, 8, 14:50:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $103
Brent rose 35 cents, or 0.3%, to $105.00 a barrel, WTI gained 19 cents, or 0.2%, to $102.92.
2022, July, 8, 14:45:00
EUROPEAN GAS PRICES UPDOWN
Dutch front-month gas, the European benchmark, fell as much as 10%, and was 6.4% lower at 171.49 euros per megawatt-hour at 9:49 a.m. in Amsterdam. The contract has doubled over the past month. The UK equivalent declined 6.2%, but was also heading for a weekly gain.
2022, July, 8, 14:40:00
OPEC+ PRODUCTION UP BY 390 TBD
Combined, OPEC+ crude production rose to a three-month high of 42.09 million b/d of June,
2022, July, 8, 14:35:00
RUSSIAN GAS FOR EUROPE IS STABLE
Russian gas producer Gazprom (GAZP.MM) has cut capacity through the pipeline to just 40%, citing the delayed return of equipment being serviced by Germany's Siemens Energy (SIEGn.DE) in Canada.
2022, July, 8, 14:30:00
RUSSIAN OIL FOR INDIA UP
In May, India imported 819,000 barrels per day (bpd), from 277,000 bpd in April and 33,000 bpd a year ago. Russia is now the second biggest supplier to India, replacing Saudi Arabia, while Iraq continues to be the largest.
2022, July, 8, 14:25:00
BRITAIN'S ENERGY CRISIS
The UK's gas storage capacity is tiny when compared with most of Europe. The UK has just 0.9 Bcm of gas storage relative to around 80 Bcm of annual consumption, compared with Europe which has roughly 105 Bcm of gas storage, equal to 22% of annual utilization, according to industry body Offshore Energy UK.
2022, July, 7, 11:00:00
OIL PRICE: BRENT NEAR $101, WTI NEAR $99
Brent rose 16 cents, or 0.2%, to $100.85 a barrel, WTI climbed 18 cents, or 0.2%, to $98.71 a barrel.
2022, July, 7, 10:55:00
EUROPEAN GAS PRICES UP AGAIN
Dutch front-month gas, the European benchmark, traded 3.5% higher at 177 euros per megawatt-hour at 8:43 a.m. in Amsterdam.