N.America
2020, January, 17, 11:00:00
U.S. RENEWABLES UP
Solar and wind power use has grown at a rapid rate over the past decade or so, but as of 2018 those sources accounted for less than 4% of all the energy used in the U.S.
2020, January, 15, 12:50:00
OIL PRICES 2020-21: $65-$68
Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b in 2021, compared with an average of $64/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50/b lower than Brent prices through 2020 and 2021, compared with an average WTI discount of about $7.35/b in 2019.
2020, January, 15, 12:45:00
U.S. OIL SLOWDOWN
But Papa, boss of the world’s largest oilfield services company, expects U.S. output to grow by just 400,000 bpd in 2020 and by 100,000-500,000 bpd per year through 2025, depending on future oil prices.
2020, January, 15, 12:40:00
U.S. GAS WILL DOWN
U.S. dry gas production will fall to 94.11 billion cubic feet per day (bcfd) in 2021 from a record 94.74 bcfd in 2020. The current all-time high is 92.03 bcfd in 2019.
2020, January, 15, 12:15:00
IRAN'S NUCLEAR DEAL DISPUTE
The foreign ministers of France, Germany and the UK have triggered a dispute resolution mechanism over the nuclear deal with Iran - the Joint Comprehensive Plan of Action (JCPOA) - following the Middle Eastern country's further step away from its commitments. Josep Borrell, EU foreign affairs chief and coordinator of the JCPOA joint commission, said he had received today a letter from the three ministers for resolution through the mechanism, as set out in paragraph 36 of the agreement.
2020, January, 15, 12:10:00
TO RESPECT IRAN'S NUCLEAR DEAL
German chancellor Angela Merkel on Saturday repeated a call for all parties to respect the Iranian nuclear accord, despite Iran’s decision to intensify its enrichment of uranium and moves by the United States to impose economic sanctions.
2020, January, 13, 15:45:00
THE NEW U.S. IRAN SANCTIONS
I, DONALD J. TRUMP, President of the United States of America, find that Iran continues to be the world's leading sponsor of terrorism and that Iran has threatened United States military assets and civilians through the use of military force and support to Iranian-backed militia groups.
2020, January, 13, 14:55:00
GRID RELIABILITY DEVELOPMENT
Enter the Distribution Fault Anticipation, or DFA for short. Developed by a team of researchers at Texas A&M, the DFA is a suite of technology designed to monitor grid systems and identify potential problems before they happen. More specifically, it’s a distributed computing system that works autonomously to give operators a non-stop picture of the condition of each circuit.
2020, January, 13, 14:25:00
U.S. UNEMPLOYMENT 3.5% ANEW
Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5 percent,
2020, January, 13, 14:20:00
U.S. RIGS DOWN 15 TO 781
U.S. Rig Count is down 15 rigs from last week to 781, Canada Rig Count is up 118 rigs from last week to 203
2020, January, 10, 11:30:00
U.S. GAS UP
U.S. natural gas exports reached new highs in 2019, driven by LNG exports.
2020, January, 10, 11:25:00
U.S. GAS PRICES DOWN
In 2019, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual average price since 2016.
2020, January, 10, 11:10:00
USA, CANADA MINERALS COOPERATION
Canada and the USA have finalised an agreement to collaborate on improving the security of supply chains and ensure the future competitiveness of their critical minerals industries. The announcement follows a June 2019 commitment by the countries' leaders.
2020, January, 8, 14:35:00
TURKSTREAM'S OPENING
Russia is poised to officially open its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
2020, January, 8, 14:30:00
U.S. LNG NEED INVESTMENT
Aramco has vowed to pump almost $160 billion into growth in the natural gas sector over the next decade, with a sizable portion of that money to be designated for LNG projects overseas.