Trends
2023, June, 30, 06:40:00
RUSSIAN GAS WITHOUT EUROPE
In 2021, Russia pumped about 150 billion cubic meters of pipeline gas to Europe — more than enough to satisfy the combined annual consumption of Germany, France and Austria. Europe represented two-thirds of the country’s gas exports including flows of liquified natural gas.
2023, June, 23, 07:00:00
OIL PRICE: BRENT ABOVE $73, WTI NEAR $69
Brent slipped 51 cents, or 0.4%, to $73.76 a barrel, WTI were down 42 cents, or 0.6%, at $69.09.
2023, June, 23, 06:40:00
RUSSIAN FLOATING NUCLEAR EXPORTS
Rosatom is already in the process of constructing four floating power units for the Baimskaya ore zone which highlights floating nuclear power plants' ability to be transported to hard-to-reach areas.
2023, June, 23, 06:05:00
TEXAS GAS CONSUMPTION UP
While renewable power generation from wind and solar continues to capture much of the peak power demand in The Electric Reliability Council of Texas, demand for gas-fired cooling is also up.
2023, June, 23, 06:00:00
TEXAS FRYING PAN
The Texas power grid will be severely tested over the remainder of June as the summer’s first significant heat ridge sets up across the state.
2023, June, 16, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI ABOVE $70
Brent dipped 17 cents, or 0.2%, to $75.50 a barrel, WTI dropped 16 cents, also 0.2%, to $70.46 a barrel.
2023, June, 16, 06:50:00
GLOBAL RENEWABLES UP BY 107 GW
Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023.
2023, June, 16, 06:45:00
GLOBAL WARMING & WILDFIRES IN CANADA
“Climate change has been implicated in worsening wildfires across North America,” Kristina Dahl, principal climate scientist with the Union of Concerned Scientists’ climate and energy program,
2023, June, 16, 06:40:00
TEXAS ENERGY AMBIGUITY
Believe it or not, the concept of reserve power is a foreign one in Texas. The bill passed with a caveat: any increase in costs could not exceed $1 billion annually.
2023, June, 16, 06:35:00
TEXAS ENERGY CREAK
The city council in Austin, Texas is on the verge of signing on to the Fossil Fuel Non-Proliferation Treaty (FFNPT), a global campaign calling on countries to phase out fossil fuel production and help communities make the transition to a renewable energy economy.
2023, June, 9, 07:00:00
OIL PRICE: BRENT ABOVE $75, WTI NEAR $71
Brent dropped 35 cents, or 0.5%, to $75.61 a barrel, WTI eased 35 cents, or 0.5%, to $70.94.
2023, June, 9, 06:50:00
OPEC+ RUSSIA: 40.46 MBD
Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.
2023, June, 9, 06:35:00
SAUDI ARABIA OIL PRODUCTION DOWN 1 MBD
The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.
2023, June, 9, 06:30:00
GLOBAL ENERGY CHALLENGES
As the energy transition/energy addition continues, many changes are occurring that will impact the performance of grid reliability.
2023, June, 9, 06:25:00
U.S. CLEAN ENERGY INVESTMENT
These incentives represent the largest climate investment in U.S. history and aim to reduce emissions by approximately 40% by 2030.