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Trends

Trends
2019, March, 4, 10:45:00
U.S. WILL LOSE NUCLEAR
The USA risks losing a substantial portion of its nuclear power capacity unless it takes policy action, International Energy Agency Executive Director Fatih Birol told the US Senate
Trends
2019, March, 1, 12:10:00
OIL PRICES 2019-20: ABOVE $60
Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.
Trends
2019, March, 1, 12:05:00
FIVE OIL&GAS AREAS
MEOG - Saudi Aramco CEO Amin Nasser gave a speech at London Petroleum Week about the oil and gas industry's future--or, rather its perceived lack of a future. He addressed what he called a "worrying and growing belief among policy makers and regulators, investment houses, NGOs, and many others that we are an industry with little or no future."
Trends
2019, March, 1, 11:50:00
U.S. GDP UP 2.6%
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018, according to the "initial" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
Trends
2019, March, 1, 11:45:00
RENEWABLE FOR EUROPE: €10 BLN
RECHARGE - The EU will spend up to €10bn ($11.37bn) supporting innovative low-carbon technologies in sectors such as renewables and energy storage over the next decade, said the European Commission.
Trends
2019, March, 1, 11:30:00
ARMENIA'S GDP UP 4-5%
IMF - Looking ahead, Armenia's growth is expected to moderate to about 4½ percent in 2019, reflecting a weaker global environment and copper prices, and remain in the 4-5 percent range over the medium term. CPI inflation is projected to gradually converge to the CBA’s target of 4 percent over the next two years, as one-off factors wane. The current account deficit is expected to gradually narrow to around 5 percent of GDP. The risks to the outlook are mainly external.
Trends
2019, February, 27, 09:40:00
OPEC CONTINUE CUTS
REUTERS - Based on current market data, the so-called OPEC+ group is “likely to continue with the production cuts until the end of the year”, the source told Reuters.
Trends
2019, February, 27, 09:35:00
GLOBAL OIL FOR PEOPLE
“Our industry has made a pivotal and sustained contribution to the global economy and people’s lives, around the world, day after day for over a century. Two billion more people today have access to ample, affordable, and reliable sources of energy than even just a generation ago,”
Trends
2019, February, 25, 11:50:00
PEMEX PRODUCTION DOWN TO 1.62 MBD
REUTERS - Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years.
Trends
2019, February, 25, 11:30:00
EXXON, MICROSOFT PARTNERSHIP
EXXONMOBIL - ExxonMobil said today a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.
Trends
2019, February, 22, 11:55:00
AUSTRALIA'S GDP UP 3%
IMF - Australia has advanced further in its economic rebalancing after the end of the mining investment boom of the 2000s. Economic growth picked up to rates above that of potential output in the first half of 2018, with solid private and public consumption and residential investment more than offsetting the drag from delays in public investment plans and drought.
Trends
2019, February, 20, 11:35:00
U.S. PRODUCTION: OIL + 84 TBD, GAS + 858 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 84,000 b/d month-over-month in March from 8,314 to 8,398 thousand barrels/day , gas production to increase 858 million cubic feet/day from 77,109 to 77,967 million cubic feet/day .
Trends
2019, February, 20, 11:25:00
SOUTHEAST ASIA'S INVESTMENT $1.2 TLN
AP - The expansion of the regional electricity grid cannot be undertaken without foreign investment, thus presenting a lucrative win-win opportunity for foreign investors. Numbers by the International Energy Agency (IEA) indicate that the region would require US$1.2 trillion in investments between now and 2040 in order to modernise and expand its electricity grids.
Trends
2019, February, 20, 11:20:00
RENEWABLE ENERGY INNOVATIONS
IRENA - Innovative solutions accelerate low-cost renewables in the power sector, providing countries with tools to benefit from renewables scale-up, new IRENA report finds
Trends
2019, February, 13, 12:00:00
U.S. LNG FOR EUROPE
PLATTS - Europe is likely to be a prime destination for US LNG cargoes well into the next decade as shipping costs make Europe preferable to Asia as a destination for US exporters, Massimo Mantovani, head of gas and LNG marketing at Italy's Eni, said Monday.