News
2020, February, 14, 12:10:00
CHINA'S CORONAVIRUS: NO AFFECT
The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told
2020, February, 14, 12:05:00
CLIMATE INVESTMENT: 1 TLN TREES
setting a goal for the United States to plant a trillion trees by 2050 to fight global warming,
2020, February, 14, 12:00:00
FIVE KEY TRENDS IN THE POWER INDUSTRY
The power industry is evolving because it must meet a growing demand for electricity, as the world population continues to increase and developing countries industrialise.
2020, February, 14, 11:55:00
BRAZIL'S ENERGY INVESTMENT $538 BLN
Brazil’s investment needs in energy infrastructure over the next ten years will reach BRL2,340bn (US$538bn)
2020, February, 14, 11:50:00
TURKEY'S RENEWABLE INVESTMENT $40 BLN
Turkey had invested around $40 billion in renewables over the last decade
2020, February, 14, 11:45:00
RUSSIA, SAUDI ARABIA PROJECTS $10 BLN
Russia’s RDIF sovereign wealth fund said on Wednesday that Russian and Saudi companies have held discussions on possible joint projects as well as potential investment worth more than $10 billion.
2020, February, 14, 11:40:00
EBRD: RENEWABLE ENERGY GO UP
Last year alone, the EBRD financed almost 2.25 GW of new renewables across its region. The Bank is currently working with 14 governments to start or launch renewable energy auctions.
2020, February, 14, 11:35:00
LEVIATHAN NEED INVESTMENT
Leviathan, one of the world’s biggest offshore gas discoveries of the last decade, has turned Israel into an energy exporter in a tumultuous region and has weaned it off more polluting imports, notably coal.
2020, February, 14, 11:30:00
TC ENERGY NET INCOME $4 BLN
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or
$1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018.
2020, February, 12, 12:20:00
OIL PRICE: ABOVE $55 ANEW
Brent was up $1.12, or 2.1%, at $55.13 per barrel, WTI rose 74 cents, or 1.5%, to $50.68 a barrel.
2020, February, 12, 12:15:00
OPEC+ PRODUCTION DOWN BY 500 TBD
OPEC members and allied oil producers, the so-called OPEC+, have agreed to cut their crude oil production by an additional 500,000 bbl/d until their next meeting in early March 2020.
2020, February, 12, 12:12:00
OIL PRICES 2020-21: $61-68
EIA forecasts Brent prices will average $61/b in 2020; with prices averaging $58/b during the first half of the year and $64/b during the second half of the year. EIA forecasts the average Brent prices will rise to an average of $68/b in 2021.
2020, February, 12, 12:10:00
UKRAINE, RUSSIA, CRIMEA: $8 BLN
The Ukrainian company's claims against the Russian state over the Crimea assets were left out of a settlement deal with Russia's Gazprom agreed at the end of December, which canceled out all existing arbitration claims by both parties as part of a new transit contract.
2020, February, 12, 12:00:00
U.S. SHALE GAS WRITE-DOWNS
EQT Corp, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources Corp, Royal Dutch Shell Plc and Chevron Corp in reducing the value of gas properties.
2020, February, 12, 11:55:00
ROSNEFT'S OIL PRODUCTION 5.8 MBD
Rosneft's hydrocarbons production in 2019 was more or less steady year on year at around 5.8 million b/d of oil equivalent