News
2021, December, 9, 12:25:00
OIL PRICE: ABOVE $75 ANEW
Brent rose 39 cents, or 0.5%, to $76.22 a barrel, WTI rose 48 cents, or 0.7%, to $72.84 a barrel.
2021, December, 9, 12:15:00
EUROPE'S GAS STOCKS DOWN ANEW
Storage facilities are now only 66% full, a level of depletion they would not normally reach until the middle of January in an average winter.
2021, December, 9, 12:10:00
KOREA'S FUSION 100 MLN DEGREES
Korea's National Fusion Research Institute announced in November that plasma operation at 100 million degrees Celsius, an essential requirement for nuclear fusion, successfully continued for 30 seconds during the latest tests at the Korea Superconducting Tokamak Advanced Research (KSTAR) facility.
2021, December, 9, 12:05:00
U.S. FUSION INVESTMENT $1.8 BLN
Commonwealth Fusion Systems (CFS) announced on 1 December that it has closed on more than $1.8 billion in Series B funding to commercialise fusion energy. This includes capital to construct, commission, and operate SPARC, the world’s first commercially relevant net energy fusion machine.
2021, December, 9, 12:00:00
POLISH NUCLEAR SMR
Polish national energy policy calls for the construction of 6 to 9 GWe of installed nuclear capacity based on large-scale pressurised water nuclear reactors, with the first of those units to come online around 2033.
2021, December, 8, 16:25:00
OIL PRICE: BELOW $75
Brent were down 83 cents, or 1.1%, to $74.61 a barrel, WTI was at $71.07 a barrel, down 98 cents or 1.4%.
2021, December, 8, 16:15:00
OPEC+ PRODUCTION +500 TBD
OPEC's 13 countries pumped 27.85 million b/d, up 300,000 b/d from October, while Russia and eight other partners produced 13.86 million b/d, up 200,000 b/d
2021, December, 8, 16:10:00
OIL PRICES 2021-22: $71-$70
We expect Brent prices will average $71/b in December and $73/b in the first quarter of 2022 (1Q22). For 2022 as a whole, we expect that growth in production from OPEC+, of U.S. tight oil, and from other non-OPEC countries will outpace slowing growth in global oil consumption, especially in light of renewed concerns about COVID-19 variants. We expect Brent prices will remain near current levels in 2022, averaging $70/b.
2021, December, 8, 16:00:00
LOW-CARBON NUCLEAR POWER
"According to the report, not only would the early closure of nuclear power plants trigger an increase in consumer costs, it will also result in negative environmental impacts," noted Foratom Director General Yves Desbazeille.
2021, December, 8, 15:55:00
BRITAIN'S DIFFICULT WINTER
A cold snap would be very grim, especially as the government sold off gas storage, and the country only has about three days worth in reserve, less than other European countries.
2021, December, 8, 15:50:00
CHINA'S WIND, SOLAR POWER 1 GW
China aims to reach more than 1,200 GW of installed wind and solar capacity by 2030.
2021, December, 7, 18:05:00
OIL PRICE: NEAR $75
Brent were up $1.49, or 2%, at $74.57 a barrel, WTI was up $1.71, or 2.5%, at $71.20.
2021, December, 7, 18:00:00
MORE RUSSIAN GAS FOR EUROPE
Rosneft and gas giant Gazprom were tasked with coming to an agreement on the implementation of a "pilot" project under which Rosneft would supply 10 Bcm of Russian gas to Europe.
2021, December, 7, 17:55:00
ARAMCO GAS PIPELINE DEAL $15.5 BLN
Aramco Gas Pipelines Co. will lease usage rights in its parent company's gas pipelines network and lease them back to Aramco for a 20-year period.
2021, December, 7, 17:50:00
THE NEW NUCLEAR FOR BRITAIN
UK was “matching ambition on nuclear with action”, citing the Net Zero Strategy including the £120 million Future Nuclear Enabling Fund, to support the deployment of nuclear projects.