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Rig Count, Oil Prices, Newstrack to 25/01/2021
IEA’s January Oil Market Report projects that oil demand will bounce back to 96.6 mb/d this year,
Keystone XL Pipeline, canceled by Biden. Canada Unhappy. Will fallout Lead to the Courtroom?
Commodity At press time | Units | Price $ | Change |
Crude Oil (WTI) | USD/bbl | 52.19 | 0.00% |
Crude Oil (Brent) | USD/bbl | 55.37 | 0.00% |
Bonny Light | USD/bbl | 54.72 | 0.00% |
Natural Gas | USD/MMBtu | 2.57 | 0.00% |
OPEC basket 22/01/21 | USD/bbl | 54.69 | 0.00% |
Shell Says Hydrogen Is Heavy Transport’s Future A Deloitte report commissioned by Shell finds that the heavy-freight sector is increasingly planning for a switch to hydrogen. Hydrogen will be the key energy source for global road freight, according to a new report commissioned by European oil major Shell. Electrification is the most economic and environmental solution for smaller delivery vehicles.
![](https://oilandgaspress.com/wp-content/uploads/2020/02/Shell-Nigeria.jpg)
Biden’s plan to cut U.S. oil production becomes clearer according to people familiar with the plans, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10% of its supplies.
![](https://oilandgaspress.com/wp-content/uploads/2020/12/oil-barrel-vchris.jpg)
Iran boosts oil production to pre-sanction levels Iran has been subject to tough U.S. sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities.
![](https://oilandgaspress.com/wp-content/uploads/2020/05/saudi-arabia.jpg)
Wind accelerates past nuclear and hydro in post Covid power markets This has been triggered by the recent surge in national renewable pledges, the election of a Green US President and plummeting technology costs. Wind power will provide the backbone to the electricity sector’s transformation over the coming decade, according to a new report from Rethink Energy
![](https://oilandgaspress.com/wp-content/uploads/2020/09/windmill-62257_640.jpg)
UK solar capacity grows by 545 MW in 2020, 60 percent of the new capacity in 2020 came from ground-mounted PV systems. The remaining 40 percent was installed on rooftops, with the majority of this located on commercial and industrial buildings.
![](https://oilandgaspress.com/wp-content/uploads/2020/07/UK-map-Britain-England.jpg)
BIOGEST builds 1st biogas plant in Idaho received its first US order to build an agricultural biogas plant in Idaho. The plant has a thermal output of 90,000 MMBTU p.a. and operates on 120,000t of cow manure per year.
![](https://oilandgaspress.com/wp-content/uploads/2021/01/Biogest.jpg)
Baker Hughes Rig Count to 22nd January 2021
Region | Period | No. of Rigs | Change |
U.S.A | 15 Jan. 2021 | 378 | +5 |
Canada | 15 Jan. 2021 | 172 | +11 |
International | 30th Dec. 2020 | 665 | -4 |
![](https://oilandgaspress.com/wp-content/uploads/2020/01/baker-hughes.png)
Newstrack compiled by Oil and Gas Press / Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com
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