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Trends

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.
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.