News
2022, May, 12, 13:30:00
U.S. EMPLOYMENT UP BY 428,000
Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported
2022, May, 11, 11:30:00
OIL PRICE: BRENT NEAR $105, WTI NEAR $102
Brent was up $2.35, or 2.41%, to $104.84 a barrel, WTI climbed $2.2, or 2.24%, to $101.97 a barrel.
2022, May, 11, 11:25:00
OPEC OIL PRICE: $108.18
The price of OPEC basket of thirteen crudes stood at $108.18 a barrel on Tuesday,
2022, May, 11, 11:20:00
OIL PRICES 2022-23: $107 - $97
The Brent price will average $107/b in 2Q22 and $103/b in the second half of 2022, the average price to fall to $97/b in 2023.
2022, May, 11, 11:15:00
CHINA NEED RUSSIAN OIL
Thus, after the slump in March inflows, Russian crude imports by China's independent refiners recovered 35.7% year on year to 2 million mt in April
2022, May, 11, 11:10:00
EUROPEAN GAS PRICES UPDOWN
Russia supplied about 40% of the European Union’s gas demand last year, and about a third of that transited Ukraine, making it a linchpin in the continent’s energy security.
2022, May, 11, 11:05:00
EUROPEAN ENERGY PLAN $205 BLN
The EU wants to combine faster deployment of renewables, greater energy savings, diversification of supplies from international partners and new tools to accelerate investment in a bid to replace coal, oil and natural gas from Russia following the country’s invasion of Ukraine.
2022, May, 11, 11:00:00
EUROPE NEED SOLAR 1,000 GW
The bloc should have at least 1,000 gigawatts of photovoltaics installed in the region by 2030 -- equivalent to roughly the world’s current capacity -- according to a joint letter signed by Austria, Belgium, Lithuania, Luxembourg and Spain to the bloc’s climate chief Frans Timmermans and Energy Commissioner Kadri Simson.
2022, May, 11, 10:55:00
GLOBAL ENERGY, CLIMATE CRISIS
I believe we are in fact in the first global energy crisis, and this is affecting the oil markets, gas markets, electricity markets and coal markets. The world has never seen such an energy crisis.
2022, May, 11, 10:50:00
GLOBAL MARKETS MINIMUMS
There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.
2022, May, 11, 10:40:00
U.S. NUCLEAR BAILOUT $6 BLN
In mid-April, the bidding process for a new $6 billion pot of nuclear bailout money opened up.
2022, May, 11, 10:35:00
S.KOREAN NUCLEAR ENERGY
South Korea currently has 24 reactors, providing about one-third of South Korea’s electricity and nuclear energy had long been a strategic priority for the country until the phase-out policy was introduced.
2022, May, 11, 10:30:00
WORLDWIDE RIG COUNT DOWN 58 TO 1,603
The Worldwide Rig Count for April was 1,603, down 58 from the 1,661 counted in March 2022,and up 414 from the 1,189 counted in April 2021.
2022, May, 11, 10:25:00
U.S. RIGS UP 7 TO 705
U.S. Rig Count is up 7 from last week to 705 , Canada Rig Count is down 4 from last week to 91.
2022, May, 6, 11:30:00
OIL PRICE: BRENT BELOW $112, WTI BELOW $109
Brent rose 88 cents, or 0.8%, to $111.78 a barrel, WTI climbed 84 cents, or 0.8%, to $109.10 a barrel.