News
2020, October, 26, 14:00:00
U.S. SHALE SURVIVORS
The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.
2020, October, 26, 13:55:00
SHAKY OIL MARKET
Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.
2020, October, 26, 13:50:00
CHINA NEED GAS
CNOOC’s hydrocarbon output increased from 475 mboe in 2018 to 506.5 mboe in 2019 (+6.6%).
2020, October, 26, 13:45:00
GLOBAL ECONOMY UPDOWN
Global growth is projected at minus 4.4 percent in 2020 and plus 5.2 percent in 2021.
2020, October, 26, 13:40:00
EUROPEAN DECARBONIZATION'S BORDER
The debate over carbon border measures flows from the EU's policy of imposing a price on carbon emissions in the EU which is not replicated in much of the rest of the world, with some exceptions, presenting a threat to European carbon-intensive industry's competitiveness.
2020, October, 26, 13:35:00
U.S., UAE STRATEGIC COOPERATION
To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE.
2020, October, 26, 13:30:00
U.S., IRAN SANCTIONS: UNLAWFUL
The EU considers the extraterritorial application of unilateral restrictive measures unlawful and contrary to international law.
2020, October, 26, 13:25:00
ENERGY DECARBONIZATION PARTNERSHIP
bp, Eni, Equinor, National Grid, Shell and Total form Northern Endurance Partnership to develop offshore carbon dioxide infrastructure in the UK North Sea, with bp as operator
2020, October, 26, 13:20:00
U.S. RIGS UP 5 TO 287
U.S. Rig Count is up 5 from last week to 287, Canada Rig Count is up 3 from last week to 83,
2020, October, 23, 16:15:00
OIL PRICE: ABOVE $42 ANEW
Brent rose 20 cents, or 0.5%, to $42.66 a barrel, WTI added 15 cents, or 0.4%, to $40.79.
2020, October, 23, 15:55:00
NUCLEAR POWER: THE BEST DECARBONIZER
New nuclear build is the most efficient way to achieve decarbonisation of the electricity grid,
2020, October, 23, 15:50:00
ASIA'S LNG PRICES UP
The average LNG price for December delivery into northeast Asia LNG-AS was estimated at about $6.90 per million British thermal units (mmBtu), jumping $1.10 from the previous week.
2020, October, 23, 15:45:00
EUROPEAN SHARES UP
The pan-European STOXX 600 index .STOXX advanced 0.9%,
2020, October, 23, 15:35:00
RUSHYDRO GENERATION +13.7%
112,748 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (+13.7%)
2020, October, 22, 15:20:00
OIL PRICE: NEAR $42
Brent were up 43 cents at $42.16 a barrel, WTI ticked up 44 cents to $40.47 a barrel.