News
2021, January, 25, 14:40:00
OIL PRICE: NOT ABOVE $56 YET
Brent rose 34 cents, or 0.6%, to $55.75 a barrel. WTI was up 37 cents, or 0.7%, at $52.64.
2021, January, 25, 14:35:00
U.S. OIL INVENTORIES UP 4.4 MB TO 486.6 MB
U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.
2021, January, 25, 14:30:00
JAPAN OIL IMPORTS DOWN TO 2.5 MBD
Japan crude oil imports decreased by 16% to 2.5 mb/d in 2020
2021, January, 25, 14:20:00
LIBYA'S OIL DIFFICULTIES
Libyan crude and condensate output surged to around 1.25 million b/d earlier this month, its highest level in more than six years
2021, January, 25, 14:15:00
ANGOLA'S OIL PRODUCTION DOWN TO 1.3 MBD
Angola's oil production declined by 15% to 1.3 mb/d in 2020
2021, January, 25, 14:10:00
THE NEW U.S. ENERGY CAPACITY
Since 2005, the three power resources have accounted for more than 90% of all capacity additions (328 GW), with a remarkable 97% (170.9 GW) during the last seven years alone.
2021, January, 25, 14:05:00
INDIA'S COAL INVESTMENT $55 BLN
Coal currently plays a critically important role in balancing the electricity grid while India drives an ever-larger infrastructure investment into ever-cheaper domestic, sustainable, zero emissions renewable energy.
2021, January, 25, 14:00:00
NORWAY'S OIL, GAS PRODUCTION 2.135 MBD
Preliminary production figures for December 2020 show an average daily production of 2 135 000 barrels of oil, NGL and condensate.
2021, January, 25, 13:55:00
THESE HORRIBLE CHINESE AND RUSSIANS
The recent Russian SolarWinds hack has been identified as one the most significant cyberattacks against the US.
2021, January, 25, 13:50:00
CHINA'S NEW RENEWABLES 120 GW
China added nearly 72 GW of wind power capacity and 48 GW of solar capacity in 2020.
2021, January, 25, 13:45:00
U.S. RIGS UP 5 TO 378
U.S. Rig Count is up 5 from last week to 378, Canada Rig Count is up 11 from last week to 172.
2021, January, 22, 11:40:00
OIL PRICE: ABOVE $55 ANEW
Brent fell 58 cents, or 1.03%, to $55.52 a barrel. WTI dropped 65 cents, or 1.2%, to $52.48 a barrel.
2021, January, 22, 11:35:00
OIL PRICES 2021-22: $50-$55
The price of Brent crude oil to increase from its December 2020 average of $50 per barrel (b) to an average of $56/b in the first quarter of 2021. The Brent price is then expected to average between $51/b and $54/b on a quarterly basis through 2022.
2021, January, 22, 11:30:00
NORD STREAM 2: LEGITIMATE BUSINESS
However, Josep Borrell, the EU High Representative for Foreign Affairs, reiterated as recently as Jan. 18 that EU companies involved in the construction of the pipeline were conducting "legitimate business."