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Trends

Trends
2020, July, 14, 13:15:00
INNOVATION FOR ENERGY
Renewables by themselves "cannot ensure the reliable flow of electricity in any nation".
Trends
2020, July, 14, 13:10:00
U.S. PRODUCTION: OIL (-56) TBD, GAS (-712) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .
Trends
2020, July, 14, 13:05:00
ENERGY MARKET: HUGE VOLATILITY
The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.
Trends
2020, July, 14, 12:45:00
EUROPE'S GAS DEMAND DOWN
Gas consumption in Q1 fell by more than 20% year on year in a number of EU countries, including Romania, Latvia, Finland and Slovakia.
Trends
2020, July, 14, 12:35:00
DECENTRALIZED, DECARBONOZED ENERGY
We are transitioning from a centralized, fossil-fueled bulk power, system-centric, siloed architecture to a decentralized, decarbonized, event-driven, technology-rich, data-centric, IoT architecture.
Trends
2020, July, 14, 12:20:00
SMALL NUCLEAR FOR BRITAIN
UK's entire nuclear industry could contribute GBP9.6 billion per annum to the economy and support 130,000 jobs by 2050
Trends
2020, July, 10, 11:30:00
LNG TRADE WILL UP
Global LNG trade surged 13% year on year in 2019 to 354.7 million mt
Trends
2020, July, 8, 11:55:00
OIL PRICES 2020-21: $41-$50
EIA expects monthly Brent spot prices will average $41/b during the second half of 2020 and rise to an average of $50/b in 2021
Trends
2020, June, 29, 14:30:00
GLOBAL ECONOMY UPDOWN
Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below our April forecast, followed by a partial recovery, with growth at 5.4 percent in 2021.
Trends
2020, June, 26, 11:15:00
VIRTUAL POWER PLANTS
A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.
Trends
2020, June, 26, 11:10:00
HYDROGEN FOR FUEL CELLS
Hydrogen fuel cells can also open up additional revenue streams for utilities
ENERGY TRANSITION INVESTMENT $4.5 TLN
2020, June, 24, 12:40:00
ENERGY TRANSITION INVESTMENT $4.5 TLN
Energy transition investment can boost the economy over the 2021-23 recovery phase and create a wide range of jobs.
Trends
2020, June, 22, 12:05:00
U.S. CLEAN ELECTRICITY UP
Plummeting wind, solar, and storage prices have fallen so fast that the United States can reach 90% clean electricity by 2035 – without raising customer costs at all from today’s levels, and actually decreasing wholesale power costs 10%.
Trends
2020, June, 18, 11:00:00
SOLAR POWER DECREASES
Due to the extended lockdown of the global economy, the solar market will experience a contraction in 2020 with its base-case scenario predicting 112 GW of new capacity instead of the 144 GW projected in last year's forecast.
Trends
2020, June, 16, 14:20:00
U.S.: PROLONGED RECOVERY
There are currently more than 20 million people unemployed as a result of the epidemic, which has killed more than 115,000 people in the United States, with minority communities among those hardest hit on both fronts.