News
2020, January, 20, 12:15:00
GLOBAL TRADING SYSTEM UPGRADE
On trade, an important agreement was announced this week, but much more work is ahead to heal the fractures between the world’s two largest economies. Beyond the US and China, the global trading system is in need of a significant upgrade.
2020, January, 20, 12:10:00
STRESSED IRAQ'S OIL
Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players
2020, January, 20, 12:05:00
OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
2020, January, 20, 12:00:00
CLEAN ENERGY TIMING
Academics and concerned citizens often ask "how long" will it take for the global economy to transition to zero carbon energy systems in the transportation, electric generation and heavy industry sectors.
2020, January, 20, 11:55:00
NO VENEZUELA SANCTIONS FOR CHEVRON
The waiver allows Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International to continue certain work with PDVSA, outside of US sanctions.
2020, January, 20, 11:50:00
NORWAY'S DECEMBER PRODUCTION 2.082 MBD
Norway's preliminary production figures for December 2019 show an average daily production of 2 082 000 barrels of oil, NGL and condensate, which is an increase of 95 000 barrels per day compared to November.
2020, January, 20, 11:45:00
GERMANY NEED RENEWABLE
a sharp rise in the Germany’s renewable generation capacity was needed over the next 15 years to meet demand from the electrification of heating, transport and other industries.
2020, January, 20, 11:40:00
RENEWABLE ENERGY BILLS TO WATCH
A “clean energy resource” is defined as “any technology used to generate electricity without emitting carbon dioxide into the atmosphere,” including “(i) electric generation facilities that are powered by nuclear, solar, wind, falling water, wave motion, tides, or geothermal power; (ii) a natural gas-fired generation facility with 80 percent carbon capture; or (iii) a coal-fired generation facility with 90 percent carbon capture.”
2020, January, 20, 11:35:00
TAJIKISTAN'S GDP UP 5.5%
Tajikistan's economic activity has been strong in 2018-19.
2020, January, 20, 11:30:00
U.S. RIGS UP 15 TO 796
U.S. Rig Count is up 15 rigs from last week to 796, Canada Rig Count is up 41 rigs from last week to 244
2020, January, 17, 11:45:00
OIL PRICE: NOT ABOVE $65
Brent were up 12 cents to $64.74, WTI were up 11 cents at $58.63 a barrel,
2020, January, 17, 11:40:00
ЦЕНА URALS: $65,42711
Средняя цена на нефть Urals за период мониторинга с 15 декабря 2019 года по 14 января 2020 года составила $ 65,42711 за баррель, или $477,6 за тонну.
2020, January, 17, 11:35:00
IRAQ'S OIL PROBLEM
Iraq's oil production is steady at 4.46 million b/d in line with its OPEC+ quota and exports are averaging 3.45 million b/d, an oil ministry spokesperson said last week.
2020, January, 17, 11:30:00
CHINA'S OIL THROUGHPUT UP 13.6%
China Dec crude oil throughput up 13.6% y/y at 58.51 million tonnes
2020, January, 17, 11:25:00
IRAN'S RECESSION
Iran's economy shrank by 4.6% in the 2018-2019 fiscal year and the contraction is expected to deepen to 7.2% in the current fiscal year, the IIF, a finance industry body, said this week.