News
2020, June, 24, 12:25:00
GOLD PRICES UP MORE
All that and softness in the dollar, along with endless cheap liquidity from central banks, helped spot gold gain 0.2% to $1,770.92 per ounce after touching $1,773, its highest level since October 2012 in early Asian trade.
2020, June, 24, 12:20:00
ADNOC INVESTMENT $20.7 BLN
The consortium will collectively acquire a 49% stake in ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines), a newly formed subsidiary of ADNOC with lease rights to 38 pipelines covering a total of 982.3 kilometers, with ADNOC holding the 51% majority stake.
2020, June, 24, 12:15:00
CHINA'S RENEWABLE INVESTMENT $13 BLN
China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020 and the share of renewables (excluding hydro) is expected to reach 10.8%.
2020, June, 23, 14:45:00
OIL PRICE: NEAR $44
Brent rose 49 cents, or 1.1%, to $43.57 a barrel, WTI was up 48 cents, or 1.2%, at $41.21 a barrel
2020, June, 23, 14:35:00
NORD STREAM 2 COMPLETION: 2020
"I can briefly confirm that we continue to work on this project and expect that its construction will be completed at the end of 2020 or the beginning of 2021,"
2020, June, 23, 14:32:00
CHOOSING THE BEST RENEWABLE ENERGY SYSTEMS FOR THE ENERGY TRANSITION
The Ecological Goal of the Energy Transition is to reduce global greenhouse gas emissions and prevent the most serious effects of climate change. Replacing energy Fossil Fuel Systems (FFS) with Renewable Energy Systems (RES) is a way to achieve the Ecological Goal.
2020, June, 23, 14:30:00
AUSTRALIA'S RATING "AAA"
Australian economy supports a return to positive growth next year
2020, June, 23, 14:25:00
SAUDI ARABIA, KUWAIT ARE WORKING
"Saudi Arabian Chevron (SAC) and its partner, Kuwait Gulf Oil Co., continue to prepare its operations at the Wafra field,"
2020, June, 23, 14:20:00
ASIA'S SHARES UPDOWN
MSCI’s broadest index of Asia Pacific shares outside of Japan rose 0.6% to 516.6 points after earlier going as low as 509.9. Chinese shares regained lost ground too, with the blue-chip index last up 0.3%.
2020, June, 23, 14:15:00
MOZAMBIQUE LNG GUARANTEE $2 BLN
The government of Mozambique has offered a US$2.25bn state guarantee to the US$20bn Mozambique LNG project
2020, June, 23, 14:05:00
DENMARK'S CLIMATE AMBITION
Denmark aims to reduce greenhouse gas emissions by 1.4 million mt/year by 2025
2020, June, 22, 12:30:00
OIL PRICE: ABOVE $42 ANEW
Brent rose 10 cents, or 0.2%, to $42.29 a barrel, WTI was at $39.87 a barrel, up 4 cents, or 0.1%.
2020, June, 22, 12:10:00
U.S. ELECTRICITY CONSUMPTION DOWN
With many office buildings left empty through the summer months, demand for electricity to power offices, as well as restaurants, hotels and music venues is expected to drop significantly.