News
2020, December, 10, 12:00:00
ASIA'S RENEWABLE STOCKS UP
The region has seen growing awareness of climate change with China, Japan and South Korea earlier this year committing to achieving net-zero emissions in the coming decades.
2020, December, 10, 11:55:00
LIBYA'S OIL EXPORTS UP
Libya's oil production has undergone a rapid rebound of almost 1 million b/d in the past two months
2020, December, 10, 11:50:00
U.S. LPG FOR ASIA IS STABLE
The ample US shipments come as Chinese petrochemical sector demand for propane feedstock held firm amid high domestic prices of propylene,
2020, December, 10, 11:45:00
FRENCH NUCLEAR ENERGY IS IMPORTANT
France's nuclear industry comprises 3000 companies and 220,000 jobs, with 5000 new hires planned for 2021 in spite of the crisis caused by the pandemic.
2020, December, 10, 11:40:00
NUCLEAR ELECTRICITY COSTS WILL DOWN
The cost of electricity from new nuclear power plants remains stable, yet electricity from the long-term operation of existing plants constitutes the least cost option for low-carbon generation.
2020, December, 10, 11:35:00
U.S., SLOVENIA NUCLEAR COOPERATION
The US and Slovenia signed a civil nuclear energy pact Tuesday geared at strengthening and expanding bilateral cooperation on the matter, according to the State Department.
2020, December, 10, 11:30:00
MOZAMBIQUE LNG SECURITY
More than 30 million mt/year of LNG production capacity is under development in Mozambique as the country looks to join the ranks of the world's biggest LNG exporters.
2020, December, 9, 11:50:00
OIL PRICE: NEAR $49
Brent rose 11 cents, or 0.2%, to $48.95 a barrel. WTI climbed 9 cents, or 0.2%, to $45.69.
2020, December, 9, 11:45:00
OIL PRICES 2021: $47 - $50
Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Brent prices will average $47/b in the first quarter of 2021 and rise to an average of $50/b by the fourth quarter.
2020, December, 9, 11:35:00
OPEC+ PRODUCTION CUTS 100.2%
OPEC+ compliance with its production cuts stayed stable at 100.2%.
2020, December, 8, 13:10:00
OIL PRICE: BELOW $49 YET
Brent fell 51 cents, or 1.1%, to $48.28 a barrel. WTI fell 45 cents or 1%, to $45.31 a barrel.
2020, December, 8, 13:05:00
OPEC+ OIL PRODUCTION CUTS 7.2 MBD
In April 2020, the OPEC+ decided to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period, in an attempt to reduce the global oversupply and to firm up depressed oil prices in a context of COVID-19 pandemic.
2020, December, 8, 13:00:00
NORD STREAM 2 CONTINUATION
US opposition to the project -- on the grounds that it gives Russia too much leverage over European energy security -- continues to intensify.
2020, December, 8, 12:55:00
RUSSIA'S ECONOMY WILL UP 3.8%
Russia’s economy is on track to contract about 4% this year, according to the central bank,