News
2023, March, 24, 07:00:00
NORWAY OIL, GAS PRODUCTION 1.994 MBD
Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.
2023, March, 24, 06:55:00
U.S. OIL INVENTORIES UP BY 1.1 MB TO 481.2 MB
U.S. commercial crude oil inventories increased by 1.1 million barrels to 481.2 million barrels.
2023, March, 24, 06:45:00
U.S. OIL INVENTORIES UP BY 1.6 MB TO 480.1 MB
U.S. commercial crude oil inventories increased by 1.6 million barrels to 480.1 million barrels.
2023, March, 15, 07:20:00
OIL PRICE: BRENT ABOVE $78, WTI ABOVE $72
Brent climbed 93 cents, or 1.2%, to $78.38 a barrel, WTI gained 96 cents, or 1.4%, to $72.29 a barrel.
2023, March, 15, 07:10:00
EUROPEAN ENERGY CHANGES
As the EU pushes more broadly to bolster clean energy, it’s also responding to concerns that green industries could emigrate to the US and China, with the price that Europe pays for its energy a driving factor.
2023, March, 15, 07:05:00
U.S. LNG EXPORTS WILL UP
U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.
2023, March, 15, 07:00:00
CHINA ENERGY MODERNIZATION
China has accounted for the world's largest solar capacity addition in recent years, with around 30% of installed global capacity, but most of the low-hanging fruits have been picked, and deeper penetration into the energy mix requires overhauling large parts of the power system.
2023, March, 15, 06:55:00
GLOBAL RUSSIAN NUCLEAR POWER
Since the invasion of Ukraine in February 2022, some European countries have started to step away from Russia’s nuclear energy superstore.
2023, March, 15, 06:50:00
INDIA ENERGY RISKS WILL UP
India has also neglected its hydropower potential, which accounts for only around 13% of the country's total installed capacity.
2023, March, 15, 06:45:00
U.S. EMPLOYMENT UP BY 311,000
Total nonfarm payroll employment rose by 311,000 in February, and the unemployment rate edged up to 3.6 percent, the U.S. Bureau of Labor Statistics reported
2023, March, 15, 06:40:00
NORWAY PENSION FUND RETURNED -14.1% YET
The fund returned -14.1 percent, or -1,637 billion kroner, in a year of rising interest rates, high inflation and war in Europe. However, the market value of the fund increased by 90 million kroner in 2022.
2023, March, 15, 06:35:00
WORLDWIDE RIG COUNT UP 23 TO 1,921
The Worldwide Rig Count for February was 1,921, up 23 from the 1,899 counted in January 2023,and up 252, from the 1,669 counted in February 2022.
2023, March, 10, 17:05:00
OIL PRICE: BRENT NEAR $81, WTI NEAR $75
Brent dipped 63 cents, or 0.8%, to $80.96 a barrel, WTI was down 69 cents, or 0.9%, at $75.03.
2023, March, 10, 16:55:00
RUSSIAN DIESEL FOR EUROPE DOWN
Prior to the sanctions, between October 2021 and September 2022, diesel imports from Russia made up 53% of Northwest Europe’s seaborne imports.
2023, March, 10, 16:50:00
OIL PRICES 2023-24: $84 - $78
The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.