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  • Good ingredients but bad cocktail: Combining offshore wind and green hydrogen is still too expensive

    From rystadenergy.com

    Several large-scale offshore wind farms are planned in the next five years in the North Sea. The area not only has plenty of ageing platforms and pipelines that could host production and transmission of hydrogen cheaply, but also salt caverns to store it at low cost. Rystad Energy has therefore looked at the economics of blending green hydrogen production with offshore wind development. This hybrid approach offers promising elements, but the high costs – at least for now – remain a show-stopper. Rystad Energy’s modelling is based on combining a green hydrogen project with an offshore wind farm of 1 gigawatt ... (full story)

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    Eurozone industrial production jumps close to pre-crisis levels in November

    From think.ing.com|Jan 13, 2021

    Industry continues to recover from the first wave despite all of the second wave problems that the economy is currently facing. At the moment, production is less than one percent ...

    EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022

    From eia.gov|Jan 13, 2021

    In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise ...

    OPEC Sec-Gen Barkindo: OPEC Positioning For Strong Rebound In 2021

    From @LiveSquawk|Jan 13, 2021

    tweet at 9:08am: OPEC Sec-Gen Barkindo: OPEC Positioning For Strong Rebound In 2021 #OOTT tweet at 9:07am: #OPEC SEC-GEN: WE REMAIN CAUTIOUSLY OPTIMISTIC ON OIL MARKET: BARKINDO. #OOTT tweet at 9:10am: OPEC’s Secretary General says that the OPEC plus group is examining many variables including: the vaccine rollout, oil demand, lockdowns, global gdp growth etc #OOTT #opec tweet at 9:11am: BARKINDO: SAUDI OUTPUT CUT TO HELP US NAVIGATE LOW OIL DEMAND. #OOTTRemarks by OPEC Secretary General Excellencies, Mr. Secretary-General, ladies and gentlemen, It is a real pleasure to speak at the 31st Meeting of the Energy Charter Conference. Allow me to begin by paying tribute to the indefatigable President Ilham Aliyev, the Government and people of Azerbaijan for their recent efforts that will contribute to pave the way for stability and prosperity in the whole region. These decisive efforts will hopefully lead towards finding a lasting solution that has been long awaited. I would also like to congratulate my dear friend, HE Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, Chair of the Energy Charter Conference, for doing such an outstanding job in chairing this conference at such a historic moment. Azerbaijan’s Chairmanship is a fitting demonstration of the country’s commitment to the promotion of dialogue between cultures. Throughout the world, Azerbaijan is recognised as a centre of multiculturalism. This is clear through the ‘Baku Process’ launched in 2008 to strengthen inter-cultural dialogue and the World Forum on Intercultural Dialogue held every two years in Azerbaijan.

    •   Newer Stories
    Crude Inventory Data Shows Draw of 3.2 Million Barrels

    From streetinsider.com|Jan 13, 2021|1 comment

    U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending January 8, 2021 which was 274,000 barrels per day more than the previous week’s ...

    Gasoline pushes U.S. consumer prices higher in December

    From reuters.com|Jan 13, 2021

    U.S. consumer prices increased solidly in December amid a surge in the cost of gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 ...

    Treasury Targets Billion Dollar Foundations Controlled by Iran’s Supreme Leader

    From home.treasury.gov|Jan 13, 2021

    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against two organizations, along with their leaders and subsidiaries, controlled by ...

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  • Posted: Jan 13, 2021 10:26am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 25
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