Holiday schedule for US Energy Data
Some major energy data will be delayed due to the federal holidays of Christmas and New Year's Day on December 25 and January 1, 2025. The schedule below shows the U.S. Petroleum, Oil and Natural Gas Supply and Inventory for these weeks. WEEK OF DEC. As per usual, API will release its weekly report on petroleum stocks on Tuesday, December 24 at 4:30 pm EST (2130 GMT). The EIA will delay its weekly report on natural gas inventories until Friday, December 27 at 10:10 a.m. (EST) (1530 GMT).
More wind and lower demand causes spot prices to fall
European power prices fell on Thursday, as the main German market was expected to have more wind energy and demand in the area had slowed down ahead of the weekend. LSEG data shows that German baseload power for the day ahead was 17.1% lower at 87 Euros ($91.69), while still remaining at multiple-week highs. The French equivalent contract was not traded but the settlement indicated a significant drop from its previous 108 euros.
Holiday schedule for US Energy Data
Thanksgiving Day, which falls on Thursday November 28, will impact the schedule for the release of major energy data during the week of Nov. 24. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. As per usual, API will release its weekly report on petroleum stocks on Tuesday, November 26 at 4:30 pm EST (2130 GMT). The EIA will release its weekly report on crude oil, gasoline, and distillate stocks as usual, Wednesday, November 27 at 10 a.m.
Holiday schedule for US Energy Data
Veterans Day, which falls on Monday 11th November, will impact the schedule for the release of major energy data during the week beginning Nov. 10. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF 10 NOV. API's Weekly Petroleum Stocks Report will be delayed until Wednesday, November 13 at 4:30 pm EST (2130 GMT). The report is usually released on Tuesday.
Exxon is looking for buyers of Bakken Shale assets in North Dakota
Exxon Mobil Corp, a major U.S. oil company, plans to sell some of its assets within North Dakota's Bakken Shale Formation. The company announced this on Tuesday. Oil producers are re-evaluating their portfolios after a wave megamergers occurred in the U.S. Shale Patches. They want to determine which assets will remain central to their strategy, and which ones they should divest. In response to questions…
US Drillers Add Oil and Gas Rigs for Fifth Week in Six
U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to focus on capital discipline despite firmer oil prices.The oil and gas rig count, an early indicator of future output, rose three to 491 in the week to Aug. 6, energy services firm Baker Hughes Co said in its closely followed report on Friday.The total rig count was up 244 rigs, or 99%, over this time last year.
Philippines Says No to New Coal Projects. Puts Focus on Gas
The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.The moratorium on endorsements for greenfield coal-powered plants comes as the government aggressively pursues natural gas as a major source of energy, not just for power generation but also industrial…
Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure
At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output, forcing LNG tankers in several regions to remain at sea fully laden with no immediate destination…
EIA, IEA Grossly Overestimating US Shale: ESAI
ESAI Energy, an oil & energy data provider, believes both the US Energy Information Administration (EIA) and the International Energy Agency (IEA) are overly optimistic in their November projections of US crude oil production in 2020, according to the company’s latest North America Watch.ESAI Energy sees a deceleration in growth to about 650,000 b/d next year, in contrast to the EIA and IEA forecasts of 1.0 million b/d and 900…
US Reduces Upstream Activity Abroad
Rystad Energy data reveals that from 2014 to 2018, companies in Asia which experienced a merger and acquisition showed the most significant growth globally, increasing oil and gas production by about 1.4 million boepd by investing heavily in Asia, Russia and the Middle East.In North America however, the trend is quite the opposite, said the energy research and business intelligence company.North American…
Ushant Tidal Energy Project Gets a Data Boost
Sabella, a French tidal and ocean stream turbine developer, partnered with QOS Energy to improve the performance monitoring of its Ushant tidal energy project. The first 1MW tidal turbine is immersed 55 meters underwater off the west coast of France, and it is equipped with more than 100 sensors gathering data every five minutes using QOS Energy’s data intelligence platform to identify, assess and anticipate…
US Oil Drillers Cut Rigs
U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November.Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873, the lowest since mid October, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.More than half the total U.S.
US Oil Drillers Cut Most Rigs Since May 2016
U.S. drillers this week cut oil rigs by the most in over two year even as record production has turned the United States into a net oil exporter for the first time in history.Energy companies cut 10 oil rigs in the week to Dec. 7, the biggest weekly decline since May 2016, bringing the total count down to 877, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.More than half the total U.S.
US Drillers Add Rigs for Fourth Week in Five
U.S. energy firms added oil rigs for a fourth time in the last five, keeping the rig count at its highest in over three years even though crude futures were on track to fall for a fifth week in a row to their lowest level since February.Drillers added 12 oil rigs in the week to Nov. 9, bringing the total count to 886, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.The U.S.
Next-wave LNG Race Hits Hurdles in US-China Trade War
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal, and this month's approval…
US Drillers Add Oil Rigs for First Week in Four
The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks.Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.The increase is the biggest weekly gain since mid August.The U.S. rig count…
China LNG Tariff Casts Shadow Over New US Export Terminals
China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world's second-largest LNG seller.Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.The rate was smaller than the 25 percent tariff China had touted earlier…
US drillers add most oil rigs since May
U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production in anticipation of higher crude prices in 2018 than recent years.Drillers added 10 oil rigs in the week to Aug. 10, bringing the total count to 869, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.That rig count increase occurred desite U.S.
U.S. Adds Oil Rigs After Three Week Lull
This week, U.S. energy companies added oil rigs for the first time in three weeks. Though, the growth rate has hindered this past month, with a decline in crude prices from late May through late June. U.S. crude prices, however, jumped to their highest since November 2014 earlier this week. Drillers added five oil rigs, bringing the total count to 863, said General Electric Co.'s Baker Hughes. The U.S.
U.S. Rig Count Drops, But E&P Spend Up 13%
U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March.Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. <RIG-OL-USA-BHI>That was the first time drillers cut rigs for two weeks in a row since October 2017.
