News
2022, January, 17, 11:30:00
CANADA'S CLIMATE RISKS
The transition, to be spread over 30 years, will hit Canada's economic growth as demand and prices for commodities fall, leading to less inflationary pressure and a need for more stimulative monetary policy, the Bank of Canada and the Office of the Superintendent of Financial Institutions said.
2022, January, 17, 11:25:00
JAPAN GAS PRODUCTION
Japan has found "considerable gas shows" in a series of the country's funded drilling operations conducted by INPEX until the fiscal year 2019-20 (April-March), marking the first domestic project, which enters an exploration phase with the support of the government's geological structure surveys,
2022, January, 17, 11:19:00
LNG FOR S.KOREA DOWN
The country imported 3.862 million mt of LNG in December, down 9.3% from 4.257 million mt a year earlier, customs data showed Jan. 17.
2022, January, 17, 11:15:00
HYDROGEN FOR BRITAIN 20%
ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to ensure sufficient supply is available, and encourage domestic production.
2022, January, 17, 11:10:00
U.S. RIGS UP 13 TO 601
U.S. Rig Count is up 13 from last week to 601, Canada Rig Count is up 50 from last week to 191.
2022, January, 14, 12:25:00
OIL PRICE: NEAR $85 ANEW
Brent rose 32 cents, or 0.4%, to $84.79 a barrel, WTI rose 32 cents, or 0.4%, to $84.79 a barrel.
2022, January, 14, 12:15:00
NORD STREAM 2 SANCTIONS FALL
Efforts to impose sanctions on the Nord Stream 2, an undersea gas pipeline from Russia to Germany that would give Moscow enormous leverage over Europe, have long drawn bipartisan support on Capitol Hill,
2022, January, 14, 12:10:00
IRAN SANCTIONS & GUARANTEES
Iran insists on immediate removal of all Trump-era sanctions in a verifiable process.
2022, January, 14, 12:05:00
SWEDISH WOOD BURNERS
Homeowners in Sweden have already started adopting strategies to lower their consumption — turning down the heating, closing off rooms, using alternative heat sources like wood log burners and wearing thick woolly socks.
2022, January, 14, 12:00:00
CHINA OIL IMPORTS RISE TO 10.9 MBD
The country's total crude imports averaged 10.3 million b/d in 2021, falling 5.4% year on year amid destocking activities.
2022, January, 14, 11:54:00
ENVIRONMENTAL PROTECTION INVESTMENT
Saudi Arabia is on a journey to move away from an over-reliance on oil as the driver for economic growth, as part of its Vision 2030 initiative.
2022, January, 14, 11:50:00
SAUDI ARABIA, TUNISIA RENEWABLES
The agreement includes cooperation in the fields of demand management for renewable energy, reliable and sustainable operating of energy systems, and standard indicators of energy consumption in the industrial sector.
2022, January, 14, 11:45:00
U.S. OIL INVENTORIES DOWN BY 4.6 MB TO 413.3 MB
U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 413.3 million barrels.
2022, January, 13, 14:25:00
OIL PRICE: NEAR $85
Brent gained 15 cents, or 0.2%, to $84.82 a barrel, WTI were up 3 cents to $82.67 a barrel.
2022, January, 13, 14:20:00
U.S. GAS PRICES UP
The Henry Hub prompt-month contract soared 60.80 cents to settle at $4.857/MMBtu Jan. 12, which is the highest price for a prompt-month contract since Nov. 26.