EUR/USD 1.15353
0.061%
Gold 4315.23
-0.821%
Oil 80.328
-0.119%
USD/JPY 159.420
-0.050%
GBP/USD 1.34923
0.050%
GBP/JPY 215.099
-0.003%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hang Seng Index futures opened down 0.6% at 25,218 points, a discount of 177 points.Futures News, August 14th: Change Rate: According to JLC Network Technologys calculations, as of the tenth working day on August 14th, the average price of benchmark crude oil was $82.64/barrel, with a change rate of -6.15%. Domestic retail prices of gasoline and diesel were reduced by 230 and 220 yuan/ton respectively. 1. Shandong Local Refineries: Market purchases increased yesterday, but local refineries have not yet achieved a balance between production and sales of gasoline and diesel. Coupled with the halt in the rise and subsequent fall of international crude oil prices, this created downward pressure, and it is expected that the price of refined oil products from Shandong local refineries will be under pressure and fall by 50-100 yuan/ton today. 2. East China: On Friday, crude oil prices stopped rising and fell back, and the window for price reductions opened. There was little support from news. It is expected that the prices of gasoline and diesel from major oil companies in East China will be under pressure today, with weak end-user demand. Industry players are waiting for the price reductions to be implemented, resulting in sluggish buying and selling. 3. South China: On Friday, crude oil closing prices fell, and the window for retail price reductions opened. With the negative impact of news, it is expected that the price of gasoline and diesel from major oil companies in South China will maintain a stable to slightly downward trend today. The market is observing and waiting for further developments, and new orders are decreasing. 4. North China: On Friday, crude oil prices fell and the window for retail price reductions opened. It is expected that gasoline and diesel prices in North China will face downward pressure. While the impact of the typhoon is gradually subsiding, the current weak demand is unlikely to improve. Traders are cautious about entering the market for immediate needs, resulting in a subdued trading atmosphere. 5. Central China: On Friday, crude oil prices stopped rising and fell back, and the window for retail price reductions opened. News points to a bearish outlook. It is expected that gasoline and diesel prices in Central China will be under pressure and consolidate today. Traders are observing the market to reduce inventory, and the market awaits the implementation of price adjustments.The main platinum contract fell by 2.00% during the day, currently trading at 423.50 yuan/gram.At the opening of the morning session, domestic futures contracts showed mixed performance. Coking coal, soybean meal, pulp, live hogs, glass, and soda ash rose by more than 1%. On the downside, palladium fell by nearly 4%, silver fell by more than 2%, and container shipping to Europe, gold, TSR20 rubber, low-sulfur fuel oil (LU), and PTA fell by more than 1%.On August 14, the White House announced that US President Trump had authorized the US Navy to build ships overseas and ordered the Navy to abandon electromagnetic catapult systems and revert to steam catapult technology when building new ships. A national security memorandum signed by Trump requires design changes to the fourth ship of the Ford-class aircraft carriers, abandoning the electromagnetic catapult system used on the first three ships. This design change is estimated to cost hundreds of millions of dollars.

In Colombia, natural gas consumption has outpaced production

Charlie Brooks

Jun 28, 2022 11:31


According to our most recent Colombia Country Analysis Brief, Colombia imported 14,2 billion cubic feet (Bcf) of natural gas to help meet its natural gas demand for electricity in 2020, when a drop in hydroelectric power was caused by drought.


In 2020, hydroelectricity will contribute to around 65% of Colombia's electrical generation, down from nearly 80% in earlier years. Since hydropower is Colombia's principal energy source, droughts may have a significant effect on the country's electrical producing mix.


The bulk of natural gas used in Colombia is produced domestically and employed to create electricity. In recent years, imports have progressively bridged the gap between domestic natural gas production and domestic demand. In 2020, Colombia produced 399 Bcf of dry natural gas, while domestic consumption was 413 Bcf.


Concerns over the reliability of the nation's electricity supply prompted the Colombian government to approve the Sociedad Portuaria El Cayao (SPEC) LNG import plant in November 2014. The facility started operations in November 2016. The administration has since proposed the Pacific Regasification LNG terminal as the nation's second LNG import plant.


EPM is currently developing the new hydroelectric dam project Ituango. The first of eight 300-megawatt generating units will commence operating in the second part of 2022. The whole project will have a capacity of 2.4 gigawatts when it is finished in 2025. If completed, the Ituango project would be the largest hydroelectric power plant in Colombia in terms of generating capacity. In 2020, the installed electrical production capacity of Colombia was 17 gigawatts.

Suggestion