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News
2019, June, 6, 14:55:00
U.S. OIL INVENTORIES UP 6.8 MB
US crude oil inventories for the week ended May 31, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl from the previous week, according to data from the US Energy Information Administration.
News
2019, June, 6, 14:50:00
U.S. COAL IS CHEAPER
The new analysis finds that, on average, the levelised cost of electricity from the coal fleet is less than the levelised cost of new natural gas combined cycle (NGCC), new wind and new solar.
News
2019, June, 6, 14:45:00
CYPRUS GAS EARNINGS $9 BLN
Cyprus will earn an estimated $9.3 bln over 18 years from exploiting its Aphrodite gas field under a renegotiated contract with Shell, US-based Noble and Israel?s Delek, the energy minister said
News
2019, June, 6, 14:40:00
U.S. LNG PRICES FOR UKRAINE
The United States has strongly criticised Nord Stream 2, a 11 billion euro ($12.4 billion) project to build a gas pipeline from Russia to Germany, which opponents fear will undermine Ukraine’s gas transit revenues and increase the EU’s reliance on Russian gas.
News
2019, June, 5, 10:45:00
OIL PRICE: ABOVE $61
Brent futures were down 42 cents, or 0.7%, at $61.55 a barrel by 0552 GMT. U.S. West Texas Intermediate (WTI) crude was down by 48 cents, or 0.9%, at $53 a barrel.
News
2019, June, 5, 10:30:00
RUSSIA'S OIL TO CHINA UP
This was up 8.7% month on month from April imports of 1.62 million mt, and 20.9% higher from a year earlier. About 94.5% of the Russian imports were ESPO blend, with just one cargo of 96,000-mt of Sokol.
News
2019, June, 5, 10:25:00
IRAN DEAL AND SANCTIONS
During a joint news conference with US President Donald Trump today, British Prime Minister Theresa May stressed the importance of the USA-UK special relationship in dealing with Iran, but added that "we [the UK] stand by the nuclear deal".
News
2019, June, 5, 10:20:00
VENEZUELA'S OIL DOWN AGAIN
Venezuela's exports of crude oil and refined products fell 17% in May from the previous month to 874,500 barrels per day
News
2019, June, 5, 10:15:00
US NUCLEAR FIGURES 2018
Owners and operators of US civilian nuclear power reactors purchased a total of 40 million pounds U3O8 equivalent (U3O8e) (15,386 tU) of deliveries during 2018, according to the latest uranium marketing report from the US Energy Information Administration (EIA). Nearly 10% of that was US-origin uranium.
News
2019, June, 4, 15:55:00
OIL PRICE: NOT ABOVE $61
Front-month Brent crude futures were at $60.96 at 0844 GMT, down $1.03 or 1.7% below Friday’s close. Prices had dropped by more than 3% on Friday, with May recording the biggest monthly loss in six months. U.S. West Texas Intermediate (WTI) crude futures were at $52.98 per barrel, down 52 cents, or 1%.
News
2019, June, 4, 15:35:00
TURKEY WILL BUY IRAQ'S OIL
The State Oil Company of Azerbaijan Republic (SOCAR) is due to purchase crude oil from Iraq next month to process at the SOCAR Turkey Aegean Refinery (STAR) inaugurated in October 2018 in Izmir.
News
2019, June, 4, 15:30:00
GERMANY'S RENEWABLE ELECTRICITY 47%
The German energy transition continues to gather pace, reaching a record 47 per cent of total electricity produced in the first five months of 2019, putting it well ahead of its target for 2025, which requires it to meet between 40 and 45 per cent of total electricity consumption from renewables.
News
2019, June, 4, 15:25:00
2018 OIL PRODUCTION +1.213 MBD
Total world crude oil production increased sharply in 2018 by 1.213 million barrels/day (mb/d), or 1.6%, as compared to 2017, to reach 75.78 mb/d, marking a historical high and the highest annual growth since 2015.
News
2019, June, 4, 15:20:00
QATAR'S GDP UP 2.6%
Overall GDP growth is projected to reach 2.6 percent in 2019 from 2.2 percent in 2018, underpinned by a recovery in the hydrocarbon output and still robust growth of the non-hydrocarbon sector.
News
2019, June, 4, 15:15:00
FRANCE'S GROWTH 1.5%
Growth is expected to reach 1.3 percent this year and stabilize at around 1.5 percent in the medium term, predicated on a recovery of domestic and external demand and on gains from recent reforms.