N.America
2020, June, 16, 13:55:00
U.S. PRODUCTION: OIL (-93) TBD, GAS (-693) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 93,000 b/d month-over-month in June from 7,725 to 7,632 thousand barrels/day, gas production to decrease 693 million cubic feet/day from 81,254 to 80,561 million cubic feet/day .
2020, June, 16, 13:40:00
RENEWABLE ENERGY PURCHASES
Buying renewable energy certificates (RECs) give companies a way to offset their carbon footprint while providing a market for renewable energy and allows the renewable developer to have a long-term REC revenue stream to justify the investment anywhere in the US and at different pricing options.
2020, June, 15, 13:55:00
OH THESE TERRIBLE RUSSIANS, CHINESE !
The strategy involves removing parts and products made in hostile foreign countries, like China and Russia, from energy infrastructure and replacing them with local substitutes.
2020, June, 15, 13:25:00
ENERGY TRADING: COLLECTIVE INTELLIGENCE
Once considered a bulwark against the forces of modernization, industry and technological change is pushing energy trading organizations to consider a number of strategic changes to their front, middle, and back office functions that optimally engage people and systems to navigate our VUCA world.
2020, June, 15, 13:20:00
ENERGY INDUSTRY: DATA MANAGEMENT
The energy value chain is very complex, from generation, to transmission, distribution, energy trading, and energy sales.
2020, June, 15, 13:05:00
CANADA'S OIL & GAS LOANS UP
“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”
2020, June, 15, 13:00:00
U.S. RIGS DOWN 5 TO 279
U.S. Rig Count is down 5 rigs from last week to 279, Canada Rig Count is unchanged from last week at 21
2020, June, 11, 10:20:00
U.S. OIL INVENTORIES UP BY 5.7 MB TO 538.1 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year.
2020, June, 11, 10:10:00
U.S. FEDERAL FUNDS RATE 0-0.25% ANEW
the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.
2020, June, 11, 09:45:00
U.S. SOLAR POWER UP
The U.S. solar industry will install 18 gigawatts this year, enough to power more than 3 million homes,
2020, June, 9, 17:40:00
U.S. RECESSION
U.S. gross domestic product fell at a 4.8% annualized rate in the first three months of the year. The outcome for the April to June period is expected to show an even worse annualized decline of perhaps 20% or more. The unemployment rate rose from a record low of 3.5% in February, hitting 14.7% in April and 13.3% last month.
2020, June, 9, 17:35:00
BRITAIN'S POUND UPDOWN
The pound hit a new three-month high of $1.2757 in overnight trading, before falling to as low as $1.2620 in early London trading. It was at $1.2653 at 1210 GMT, down 0.6% on the day.
2020, June, 8, 13:05:00
U.S. UNEMPLOYMENT RATE DOWN TO 13.3%
Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent
2020, June, 8, 13:00:00
ARTIFICIAL INTELLIGENCE: CUSTOMER RELATIONSHIPS
The foundation of AI is data and, based on the huge amount of it that utilities collect about customers, they’re well-positioned to deploy AI to improve customer care.
2020, June, 8, 12:55:00
ENERGY: DIGITAL CUSTOMER RELATIONSHIPS
The typical customer only interacts with a utility intermittently, sometimes not at all for a year or two and typically only when there is a problem.