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What's New Thursday 22nd of July 2021
China Ramps Up Coal Production To Meet Growing Energy Demand

While the rest of the world is tryingto come to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying of charges on non-E.U. products in relation to their embedded carbon footprint — China,…

What's New Wednesday 21st of July 2021
OPEC+ agrees oil supply boost after UAE, Saudi reach compromise

MOSCOW/DUBAI/LONDON,July 18 (Reuters) - OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highsas the global economy recovers from the coronavirus pandemic.Thegroup, which includes OPEC co…

What's New Tuesday 20th of July 2021
Iran to open oil export terminal beyond Strait of Hormuz next week

(Bloomberg) - Iran plans to ship a cargo of oil from a port in the Gulf of Oman next week, its first crude export from outside the Persian Gulf and beyond the narrow, crisis-prone Strait of Hormuz.“Thefirst vessel has arrived in the Jask region and w…

What's New Monday 19th of July 2021
Angola Receives 45 Bids For Oil Blocks

Angola has received 15 bids for a total of nine oil blocks the government tendered in 2020, Energy Voice reports, citing the Africa Energy Chamber as saying that 15 companies submitted a total of 45 offers for all of the tendered blocks.The combined v…

What's New Friday 16th of July 2021
The American Pipeline War Is Only Just Beginning

It is not a great time to be an oil pipeline developer or operator inNorth America these days. Policymakers are canceling projects and threatening to close operational pipelines. Environmental groups are becoming more vocal in their opposition to any …

What's New Wednesday 14th of July 2021
Bezos, Branson and Musk Scrambling For Supply Of This Rare Gas

We’ve had supply scares for this gas before; but this time around, itcoincides with the depletion of the US federal reserve and soaring demand from some of the biggest industries on earth. The tech industry is likely to find itself scrambling to secu…

What's New Tuesday 13th of July 2021
Expect tight oil supplies in August as key OPEC output deadline nears

(Bloomberg) --One week after OPEC and its allies abandoned their meeting in acrimony, the window for an August oil-production increase is closing without any deal in sight.Regardless of the desire of other cartel members for a compromise, there’s lit…

What's New Monday 12th of July 2021
Brazil Plans To Be 5th-Largest Crude Exporter By 2030

Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and EnergyMinister Bento Albuquerque said in an interview with The Rio Times on Thursday.“In2030, when we reach a producti…

What's New Friday 9th of July 2021
China’s oil industry is undergoing a serious makeover

China’s establishment of a national pipeline network, PipeChina, last October is creating a shift in China’soil and gas industry, which aims to create greater competition and encourage new players in the sector. PipeChina acquired the oil and gas p…

What's New Thursday 8th of July 2021
'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry

Rep. Ro Khanna(D-Calif.), a former co-chair of the Congressional Progressive Caucus, said that while he wouldn’t draw any red lines, he’d like to see an infrastructure bill that gets rid of fossil fuel subsidies but includes investment in electric v…

What's New Wednesday 7th of July 2021
The Energy Revolution Is Tweaking OPEC Out

In the past month or so—as the pandemic has receded in the rich world, and as people have resumed commuting, road-tripping, and flying again—oil demand has significantly increased. Oil production has not: OPEC countries, which produce about 40 perce…

What's New Tuesday 6th of July 2021
OPEC+ resumes oil policy talks amid Saudi-UAE standoff

OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy in two days of talks last week amid a rare public standoff between Gulf allies Saudi Arabia and the United Arab Emirates.The spat erupted at a sensitive time for…

What's New Monday 5th of July 2021
'Eye of fire' in Mexican waters snuffed out, says national oil company

MEXICO CITY, July 2 (Reuters) - A fire on the ocean surface west of Mexicos Yucatan peninsula early on Friday has been extinguished, state oil company Pemex said, blaming a gas leak from an underwater pipeline for sparking the blaze captured in videos…

What's New Friday 2nd of July 2021
Solar water pumps – cheaper, easier but routinely underestimated

Water pumps have long been large part of Australia-based Commodore Independent Energy Systems’ business. The company sends out between 10 to 15 pumps every week, Marketing Manager Matt Miller told pv magazine Australia.Few farms would need pumps that…

What's New Thursday 1st of July 2021
Oil drifts sideways ahead of OPEC+ meeting

SINGAPORE,July 1 (Reuters) - Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.Brentcrude for September edged up 1 cent to $74…

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