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March 18, 2018, three minutes of global energy information

March 18, 2018, three minutes of global energy information

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[Warned the Russian LNG exporters libel on Russian natural gas] foreign supply recently, according to the liquefied natural gas exporter Novatek PJSC data show that Russia and the European and American political tensions should not be condemned for Russia's energy supply, and that of other countries and the global market is extremely important. The relevant person in charge said that the related sale and sale of oil and gas products should be carried out according to the market and should not be attached to the political label. There was a nerve poison attack earlier this week between Russia and the United Kingdom, and the intense emotion aroused British Prime Minister Teresa Mel to retaliate by expelling Russian diplomats and seeking Russian natural gas substitutes. Novatek PJSC said, in December last year, Novatek launched a $27 billion Yamal liquefied natural gas plant in the United States to impose sanctions on Russia's case, but the recent dispute with Britain "largely" does not have any impact on its business.
[Solar energy financing in India is likely to reach a peak in 2017. 10 billion] Mercom, a clean energy consultancy, said that the size of the solar energy industry in India increased by more than doubled in 2017 to 10 billion US dollars. But as the India government plans to impose high tariffs on imports, it may slow this year. India's prime minister, Narendra Modi, has set a goal of raising India's solar power to 5 times the current level by 2022. The government of India says India will need to raise at least $125 billion to achieve the target of generating 17 billion 500 million watts of energy from all renewable energy sources within 5 years.
[Trump was warned by oil and gas industry leaders] Donald Trump decided that the US would withdraw from the North American Free Trade Agreement, which made Oil Natural Gas Corp executives very worried. They fear that new steel tariffs will affect the oil and gas industry. At 2:30 on a Thursday afternoon, said trump will face executives and several large oil companies including Exxon Mobil Corp and Holland oil company Royal Shell, when he pursued his usual domestic policy may endanger the United States declared "energy dominance" of the goal. (World Oil)
According to the International Energy Agency's supply view, oil prices remain at around 61 US dollars. Oil prices remain above 61 dollars per barrel. The US International Energy Agency warned that global supply will be in short supply. New York futures prices rose slightly on Friday, but fell 1.1% a week. The Paris based International Energy Agency said that although the US crude oil output jumped to 104 thousand barrels last week, the severe situation of Venezuela's energy sector could exacerbate the projected global supply deficit later this year. In spite of this, OPEC and allied producers are continuing to reduce production in order to reduce the global supply oversupply and help push up oil prices.
OPEC forecast: shale oil and gas supply is far ahead of oil supply. OPEC first predicted that the new oil supply from competitors will exceed demand growth this year because of the vigorous development of American industry. According to its monthly market report, OPEC forecasts that the US and other manufacturers will achieve supply growth for fourth months in a row. The prospects show that with the emergence of new products, OPEC and Russia's efforts to cut supply to clear the global supply are reversing. Shale oil is booming in the United States. In January, oil rose to its nearly three year high. With the continuous development of shale industry and the fall in price, the US oil and gas output has reached a record. Nevertheless, the report shows that as most OPEC members have fulfilled their commitments to cut down, OPEC supply restrictions are continuing to reduce global supply oversupply. The remaining oil stocks in the developed countries fell by 85% in the year on year, reaching about 50 million barrels in January.
[American financiers are unwilling to invest in Saudi Aramco, Saudi Arabia will] IPO state-owned oil company Aramco postponed to 2019 according to informed sources, in the past few weeks, Aramco plans to sell the world's largest stock to the United States some of the largest mutual fund companies and hedge funds. Informed sources said that the informal dinner and meeting held in New York, Houston and Washington, investors doubt Saudi Arabia hope to have a valuation of $2 trillion, Saudi Aramco to pay dividends, and the effect of shale oil boom on the oil price in the next few years.
The International Energy Agency: global oil demand is increasing but far behind supply. According to Reuters, global oil demand is expected to increase this year, but the growth rate of oil supply is accelerating. This led to a sharp increase in inventories in the first quarter of 2018. This year, the International Energy Agency (IEA) raised its forecast for oil demand from 97 million 800 thousand barrels per day in 2017 to 99 million 300 thousand barrels per day. But Venezuela said the economic crisis led to a 50% drop in oil production within two years and the lowest point in more than 10 years, which could still shrink the stock again. In order to reduce inventory, OPEC and Russia and several other manufacturers implemented an agreement to reduce production by about 1 million 800 thousand barrels from January 2017 to the end of 2018.