WNN - "I was not elected on a promise to exit nuclear power but to reduce the share of nuclear in our energy mix to 50%," Macron said. He stressed, "To reduce the share of nuclear power is not to give up nuclear power."
REUTERS - “Since 2010, the sector invested about 80 billion dollars in generation, transmission and distribution and between now to 2030 another 150 billion dollars needs to be raised,” said Dione, who added that electricity demand in Vietnam will grow by about 8 percent a year for the next decade.
IMF - Australia’s recent strong growth is expected to continue in the near term, further reducing slack in the economy and leading the way to gradual upward pressure on wages and prices.
IMF - Britain's growth is projected to remain around 1½ percent going forward, under a baseline scenario that assumes a smooth transition to a broad free trade agreement with the EU.
IMF - Some of the negative effects of the changing external environment are already being felt in South Africa despite its economic resilience.
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
OPEC - In 2018, oil demand growth is anticipated to increase by 1.50 mb/d y-o-y, a downward revision from the previous month of 40 tb/d, mainly due to weaker-than-expected oil demand data from the Middle East and, to a lesser extent, China during 3Q18. Expected total oil demand for the year is anticipated to reach 98.79 mb/d. In 2019, world oil demand growth is forecast to grow by 1.29 mb/d y-o-y, about 70 tb/d lower than last month’s projection, with total world consumption to reach 100.08 mb/d.
REUTERS - Global gas demand would increase by 1.6 percent a year to 2040 and would be 45 percent higher by then than today,
REUTERS - China has overtaken Japan to become the world’s top importer of natural gas, as Beijing’s crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 113,000 b/d month-over-month in December from 7,831 to 7,944 thousand barrels/day , gas production to increase 1,038 million cubic feet/day from 74,041 to 75,079 million cubic feet/day .
WNN - world electricity generation increases from 25,679 TWh in 2017 to 30,253 TWh in 2025 and to 40,443 TWh in 2040. Global nuclear generation increases from 2637 TWh in 2017 to 3726 TWh in 2040, when it will account for around 9% of total electricity production, down from the current level of about 10.5%. Fossil fuels remain the major source for electricity generation under this scenario, but their share falls from around two-thirds today to under 50% by 2040.
WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told
OPEC - In advance of the scheduled meetings in December 2018, the JMMC directed the JTC to continue closely monitoring oil market conditions and further refine the scenario analysis based on updated data, with regard to options on new 2019 production adjustments, which may require new strategies to balance the market.
CNBC - "In the 2020's we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production," Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday.
WNN - Advanced Nuclear Technologies - otherwise known as small nuclear or small reactor technologies - encompass a wide range of nuclear reactor technologies under development, BEIS noted. "The common attributes that these technologies share is that they are smaller than conventional nuclear power station reactors and are designed so that much of the plant can be fabricated in a factory environment and transported to site, reducing construction risk and making them less capital-intensive," it said.