News
2022, November, 11, 10:40:00
INDONESIA'S CLIMATE INVESTMENT $15 BLN
The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel.
2022, November, 11, 10:35:00
WIND FOR EGYPT 10 GW
Masdar, along with its Dutch joint venture company Infinity Power and Hassan Allam Utilities, has signed a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity and Renewable Energy to construct a 10 GW onshore wind project in Egypt.
2022, November, 11, 10:30:00
U.S. OIL INVENTORIES UP BY 3.9 MB TO 440.8 MB
U.S. commercial crude oil inventories increased by 3.9 million barrels to 440.8 million barrels.
2022, November, 9, 11:10:00
OIL PRICE: BRENT NEAR $95, WTI NEAR $89 AGAIN
Brent fell 9 cents, or 0.1%, to $95.27 a barrel, WTI fell 20 cents, or 0.2%, to $88.71 a barrel.
2022, November, 9, 11:05:00
RUSSIAN OIL EXPORTS UP
China and India remain the main destination for Russian crudes in the wake of the Ukraine war, accounting for 58% of all seaborne Russian crude exports in October.
2022, November, 9, 11:00:00
OIL PRICES 2023: $94 - $98
Growth in OPEC and non-OPEC oil production—most notably production in the United States— keeps the Brent crude oil price in our forecast lower on an annual average basis in 2023 than in 2022. Brent crude oil price will begin rising in 2H23.
2022, November, 9, 10:50:00
U.S. NET ZERO PRIORITIES 2050: $1.5BLN
The Administration prioritized five areas' to launch the Net- Zero Game Changers Initiative:
2022, November, 9, 10:45:00
SOUTH AFRICA'S ENERGY TRANSITION $83 BLN
South Africa also aims to become a world-leading exporter of hydrogen.
2022, November, 9, 10:40:00
URANIUM FOR CHINA
“China is counting on nuclear energy to play a major role in its commitment to achieve net-zero emissions, and CNNC is a large and growing part of that effort,”
2022, November, 9, 10:35:00
NIGER'S URANIUM DEVELOPMENT
More than 800 people, including the Prime Minister of Niger, ministers, members of parliament, regional representatives, area and village chiefs, business representatives and others, attended a ceremony to mark the opening blast at the mine on 5 November.
2022, November, 9, 10:30:00
U.S. EMPLOYMENT UP BY 261,000
Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported.
2022, November, 7, 12:10:00
OIL PRICE: BRENT NEAR $98, WTI NEAR $92
Brent dropped $1.24 or 1.26% to trade at $97.33 a barrel, WTI was at $91.17 a barrel, down $1.44.
2022, November, 7, 12:05:00
OPEC MARKET DECISIONS
OPEC and non-OPEC allies — generally referred to as OPEC+ — agreed at this week’s meeting in Vienna to reduce production by 2 million BPD from November levels.
2022, November, 7, 12:00:00
OPEC+, U.S. OIL RELATIONS
The US reaction to the Saudi-led decision was swift. President Joe Biden has warned of "consequences," and the country has announced more releases of crude from its strategic reserves.
2022, November, 7, 11:55:00
EUROPEAN GAS PRICES FALL ANEW
Risks over existing gas supplies from Russia will continue through the coming months, with just one pipeline route open to the biggest European customers.