News
2023, January, 9, 12:40:00
OIL PRICE: BRENT BELOW $81, WTI BELOW $76
Brent were up $1.49, or 1.9%, at $80.06 a barrel, WTI rose $1.43, or 1.9%, to $75.20.
2023, January, 9, 12:35:00
RUSSIA, TURKEY STRATEGIC PROJECTS
The discussion covered issues related to further expanding economic ties, primarily in energy, with the priority being strategically significant projects like the creation of a regional natural gas hub in Turkiye and the construction of the Akkuyu nuclear power plant.
2023, January, 9, 12:30:00
EUROPEAN GAS PRICES UPDOWN ANEW
Dutch front-month futures, the European benchmark, rose 4.3% to €72.50 a megawatt-hour at 8:55 a.m. in Amsterdam. The UK equivalent contract was 7.1% higher.
2023, January, 9, 12:25:00
GERMANY'S GAS CONSUMPTION DOWN
Germany exported around 501 TWh of natural gas in 2022 (749 TWh in 2021). As a result, at 948 TWh, more natural gas was available in Germany in 2022 than in 2021 (902 TWh).
2023, January, 9, 12:20:00
GLOBAL ENERGY TRENDS 2023
Electric utilities are facing a future of increased competition, disruptive technologies, and changing customer demands.
2023, January, 9, 12:10:00
U.S. EMPLOYMENT UP BY 223,000
Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported.
2023, January, 9, 12:05:00
WORLDWIDE RIG COUNT DOWN 56 TO 1,834
The Worldwide Rig Count for December was 1,834, down 56 from the 1,890 counted in November 2022,and up 271, from the 1,563 counted in December 2021.
2023, January, 5, 16:35:00
OIL PRICE: BRENT ABOVE $79, WTI ABOVE $74
Brent was up $1.63, or 2.1%, to $79.47 a barrel, WTI gained $1.41, or 1.9%, to $74.25.
2023, January, 5, 16:30:00
RUSSIAN OIL EXPORTS DOWN
Russia said Dec. 28 it will ban crude supplies to countries that observe the G7's $60/b price cap from Feb. 1 for five months. The retaliatory move, which applies at all stages of supply to the final buyer, had been widely flagged by Russia and expected by the global oil market.
2023, January, 5, 16:25:00
EUROPEAN GAS PRICES UPDOWN YET
Dutch front-month futures, the European gas benchmark traded 2% higher at to €66.30 per megawatt-hour by 12 p.m. in Amsterdam. The UK equivalent contract also rose. German power for next month increased 2.3% to €166 per megawatt-hour.
2023, January, 5, 16:20:00
S.KOREAN FLOATING NUCLEAR
Seaborg's design is for modular CMSR power barges that can produce between 200 MW and 800 MW of electricity, with an operational life of 24 years.
2023, January, 5, 16:15:00
THE WORST ARCTIC WEATHER FOR U.S. ENERGY
A frozen USA, with more than 200 million people under severe weather advisories or warnings caused nationwide problems in the run-up to Christmas.
2022, December, 27, 12:55:00
OIL PRICE: BRENT NEAR $84, WTI NEAR $80
Brent was up 22 cents, or 0.3%, at $84.14 a barrel, WTI gained 7 cents to $79.63.
2022, December, 27, 12:50:00
JAPAN'S NUCLEAR MAXIMUM
Under the new policy - which describes nuclear power as "a power source that contributes to energy security and has a high decarbonisation effect" - Japan will maximise the use of existing reactors by restarting as many of them as possible and prolonging the operating life of aging ones beyond the current 60-year limit.
2022, December, 27, 12:45:00
JAPAN NEED MORE LNG
The deals come as Japan’s government is reevaluating how it can enhance energy security in the face of a fuel crunch at home. Global LNG supply is slated to remain tight for years, which threatens to increase import costs and add to rising inflation.