News
2020, June, 22, 12:05:00
U.S. CLEAN ELECTRICITY UP
Plummeting wind, solar, and storage prices have fallen so fast that the United States can reach 90% clean electricity by 2035 – without raising customer costs at all from today’s levels, and actually decreasing wholesale power costs 10%.
2020, June, 22, 12:00:00
CHINA'S OIL INVENTORIES UP
The slide in crude prices and recovery in economic activity late March had encouraged Chinese buyers to pile their shopping carts with all kinds of cheap crude,
2020, June, 22, 11:55:00
CHINA'S COAL LIMITATION
China intends to cap its coal-fired power capacity at 1,100 GW and the number of coal mines at 5,000
2020, June, 22, 11:50:00
BRITAIN'S STOCKS UPDOWN
The blue-chip FTSE 100 was down 0.2% and the mid-cap FTSE 250 0.1%, led by declines in battered energy , banks and travel and leisure stocks.
2020, June, 22, 11:45:00
U.S. RIGS DOWN 13 TO 266
U.S. Rig Count is down 13 rigs from last week to 266, Canada Rig Count is down 4 rigs from last week to 17
2020, June, 19, 10:50:00
OIL PRICE: ABOVE $42
Brent rose 61 cents, or 1.5%, to $42.12 a barrel, WTI climbed 60 cents, or 1.5%, to $39.44 a barrel.
2020, June, 19, 10:35:00
HYDROGEN FOR EUROPE
European industry and refineries already use roughly 8 million tonnes of hydrogen each year, but most of this is “grey” hydrogen, a version made from natural gas in a process that produces planet-warming emissions.
2020, June, 19, 10:30:00
ROSATOM COOPERATION
ROSATOM signed Memoranda of Understanding (MOUs) with Framatome SAS (France) and GE Steam Power in the framework of the strategic investor selection procedure for the Belene Nuclear Power Plant (NPP) in Bulgaria.
2020, June, 18, 11:35:00
OIL PRICE: NOT ABOVE $41 STILL
Brent were up 2 cents at $40.73 a barrel, WTI dropped 14 cents to $37.82 a barrel.
2020, June, 18, 11:20:00
WORLD OIL DEMAND WILL FALL BY 9 MBD
World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.
2020, June, 18, 11:15:00
U.S. OIL INVENTORIES UP BY 1.2 MB TO 539.3 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.
2020, June, 18, 11:10:00
NORD STREAM 2: DENMARK DESISION
Nord Stream 2 has asked -- as a precautionary measure -- for an amendment to its Danish pipelaying permit to allow the potential use of pipelay ships that use anchors for positioning.
2020, June, 18, 11:05:00
RUSSIA'S CLOSED NUCLEAR FUEL CYCLE
Russia's “Proryv” or “Breakthrough” project, which is designed to demonstrate a closed nuclear fuel cycle.
2020, June, 18, 11:00:00
SOLAR POWER DECREASES
Due to the extended lockdown of the global economy, the solar market will experience a contraction in 2020 with its base-case scenario predicting 112 GW of new capacity instead of the 144 GW projected in last year's forecast.