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Trends

Trends
2019, April, 1, 10:25:00
BRITAIN'S THERMONUCLEAR ENERGY
WNN - The UK and the European Commission signed a contract extension today for the world’s largest fusion research facility, Joint European Torus (JET). The extension secures at least EUR100 million (USD112 million) in additional inward investment from the EU over the next two years and "brings reassurance" for the more than 500 staff at the site in Culham, near Oxford, the Department for Business, Energy & Industrial Strategy (BEIS) said.
Trends
2019, March, 29, 11:10:00
U.S. NUCLEAR COMPETITIVENESS
Nuclear is the largest source of clean energy in the USA, and the nation's nuclear plants are working more efficiently than ever, Korsnick said, adding they are "economic engines" for the communities they serve.
Trends
2019, March, 29, 11:05:00
THE NEW U.S. NUCLEAR
Twelve of the US' 98 operating nuclear generating units "are slated to close," and "to keep today's reactors running, we must pursue policy that gives innovators and investors confidence that there will be a market for their new nuclear technologies,"
Trends
2019, March, 27, 11:45:00
VENEZUELA'S OIL FOR CHINA WILL DOWN
PetroChina Ltd, the listed subsidiary of state-owned CNPC, expects its crude imports from Venezuela to drop by about a third to around 10 million mt (about 186,000 b/d) in 2019 from 15 million mt in 2018, a senior executive said
Trends
2019, March, 27, 11:40:00
SAUDI ARAMCO NEED $150 BLN
Aramco’s gas expansion strategy needs $150 billion of investment over the next decade as the company plans to increase output and later become a gas exporter, Nasser had said in November.
Trends
2019, March, 25, 11:35:00
OPEC SUPPORTS STABILITY
The JMMC reiterated the critical role that the “Declaration of Cooperation” has played in supporting oil market stability since December 2016 and took note of the expressed commitment of all participating countries to ensure that such stability continues on a sustainable basis, as overall conformity reached almost 90% for the month of February 2019, which is up from 83% in the month of January.
Trends
2019, March, 22, 10:00:00
U.S. NUCLEAR WILL DOWN
Electricity generation from U.S. nuclear power plants totaled 807.1 million megawatthours (MWh) in 2018, slightly more than the previous peak of 807.0 million MWh in 2010, based on preliminary annual data. Although several nuclear power plants have closed since 2010, a combination of added capacity through uprates and shorter refueling and maintenance cycles allowed the remaining nuclear power plants to produce more electricity. In the near future, however, EIA expects that U.S. nuclear power output will decline.
Trends
2019, March, 20, 11:00:00
U.S. PRODUCTION: OIL + 85 TBD, GAS + 883 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 85,000 b/d month-over-month in April from 8,507 to 8,592 thousand barrels/day , gas production to increase 883 million cubic feet/day from 78,137 to 79,020 million cubic feet/day .
Trends
2019, March, 20, 10:40:00
EUROPE'S GAS SECURITY
IEA - At the moment, Russia is sending record volumes to Europe while LNG utilisation rates remain relatively low. Limits to European production capacity and import infrastructure (with over half of pipelines operating at monthly peaks above 80%) may contribute to market tightness over the coming years, particularly if Asia continues to absorb the ramp up in global LNG liquefaction capacity.
Trends
2019, March, 20, 10:35:00
S.KOREA'S LNG WILL UP
The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.
Trends
2019, March, 20, 10:30:00
IRAN'S SOUTH PARS GAS UP
Iranian Minister of Petroleum Bijan Zangeneh said the country’s gas production capacity from the supergiant South Pars gas field would cross 750 million cubic meters per day by late 2019.
Trends
2019, March, 20, 10:20:00
U.S. RENEWABLE UP
EIA - Renewable generation provided a new record of 742 million megawatthours (MWh) of electricity in 2018, nearly double the 382 million MWh produced in 2008. Renewables provided 17.6% of electricity generation in the United States in 2018.
Trends
2019, March, 13, 11:30:00
OIL PRICES 2019-20: $63-$62
Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.
Trends
2019, March, 11, 11:40:00
BALANCE FOR OIL MARKET
The United Arab Emirates (UAE) will continue to deliver on crude oil supply cuts under a producer agreement until the global market is re-balanced, Minister of Energy and Industry Suhail al-Mazrouei said on Sunday.
Trends
2019, March, 7, 11:50:00
2018: U.S. TRADE DEFICIT UP 12.5%
U.S. BEA - For 2018, the goods and services deficit was $621.0 billion, up $68.8 billion from $552.3 billion in 2017. Exports were $2,500.0 billion in 2018, up $148.9 billion from 2017. Imports were $3,121.0 billion, up $217.7 billion from 2017.