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US oil rigs w/w changes in key shale basins:
Permian +4 to 348
Eagle Ford +2 to 62
Williston unchanged at 37
Cana Woodford +3 to 32
DJ Niobrara +1 to 16
Baker Hughes #oott
China already has more wind & solar capacity than the next seven largest countries in the world combined
In 2022, it is expected to increase its total by 25% (156GW), adding four times as much capacity as the UK has in total, in the space of a single year 🤯 https://twitter.com/DrSimEvans/status/1540365783515152385
I'm still not sure people understand how ginormous China's wind & solar plans are
This year it will install a record 156GW, says Bloomberg, citing a govt-linked thinktank
For context, 156GW is more than any country in the world has IN TOTAL (bar US, CN)
https://www.carbonbrief.org/analysis-what-do-chinas-gigantic-wind-and-solar-bases-mean-for-its-climate-goals/
The last two 2,000 years economic cycle clearly show that China and India reemerge as economic powers on the global arena.
“We’ve seen crude prices come down but products really haven’t...The restraint is on refining capacity,”
--Amrita Sen, Energy Aspects
https://www.bloomberg.com/news/articles/2022-06-24/oil-s-dive-won-t-bring-any-immediate-relief-on-inflation?sref=866aH6XX
#OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
Brookfield raises US$15bn for ‘world’s largest private fund’ focused on the energy transition https://bit.ly/3A3DI9b
Energy Matters
