January 20, 2021 - Page 7 of 16

13 JAN – Trump administration expected to grant biofuel waivers for some oil refiners

INTERNATIONAL NEWSBy admin January 20, 2021 Leave a comment

Trump administration expected to grant biofuel waivers for some oil refinersNEW YORK – The Trump administration is expected to grant waivers to some oil refiners that would exempt them from requirements to blend biofuels into their fuel mix for the 2019 compliance year, according to two sources familiar with the matter. The move…

13 JAN – U.S. Natural Gas Reserves Slip Amid Low Prices

EXPLORATION NEWSBy admin January 20, 2021 Leave a comment

Natural gas reserves in the United States fell by 2 percent in 2019 due to low prices, the Energy Information Administration said in an update on the country’s oil and gas reserves. Henry Hub prices for natural gas in 2019 fell by more than 21 percent from 2018, the authority noted, adding that…

13 JAN – U.S. Oil Drillers To Face More Pain Despite Higher Prices

EXPLORATION NEWSBy admin January 20, 2021 Leave a comment

WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a lot of difficulties, including the danger of more loan defaults. Fitch Ratings warned about the continued threat of defaults in a recent update,…

13 JAN – Indian Oil plans Tatkal LPG Seva to deliver cylinders on day of booking

NATIONAL NEWSBy admin January 20, 2021 Leave a comment

Waiting for days to get delivery of liquefied petroleum gas (LPG or cooking gas) cylinder may soon be a thing of the past. Indian Oil Corporation (IOCL) is planning to roll out a Tatkal LPG Seva in a bid to ensure that consumers get cooking gas cylinder on the day it is booked. …

13 JAN – The shift that could make India a data-first economy

NATIONAL NEWSBy admin January 20, 2021 Leave a comment

On 6 May 2017, The Economist newsweekly published an article that inserted itself into the zeitgeist like nothing that venerable publication had ever published before. It was titled ‘The Worlds Most Valuable Resource is No Longer Oil, But Data’, and dealt for the most part with the antitrust implications of Big Tech. So visceral…

13 JAN – India’s energy growth story will be driven by renewable energy- Amitabh Kant

NATIONAL NEWSBy admin January 20, 2021 Leave a comment

Emphasising on zero carbon emissions to get rid of pollution in cities, Amitabh Kant, CEO, NITI Ayog, on Monday said India’s energy growth story will be driven by renewable energy in the coming future. “After the industry and residential sector, the transportation sector is the third-largest energy consumer. In India, 17% of which…

12 JAN – Oil: The risk of a downward correction is substantial – ABN Amro

CRUDE OIL NEWSBy admin January 20, 2021 Leave a comment

The price of oil has already risen to over $55/barrel for Brent and $51/barrel for WTI after OPEC, together with its partners led by Russia (together OPEC+), has agreed on a new production level for the months of February and March. Nonetheless, strategists at ABN Amro do not expect oil prices to rise much…

12 JAN – The Urgency of Strategic Petroleum Reserve (SPR) for Indonesia’s Energy Security

INTERNATIONAL NEWSBy admin January 20, 2021 Leave a comment

Indonesia is located in the Pacific Ring of Fire, which has great potential for natural disasters. These disasters have caused damage to energy infrastructure and casualties. Natural disasters usually cut the energy supply chain in an area, causing a shortage of fuel supply and power outages. Besides natural disasters, energy crisis events occur…

12 JAN – The GCC’s green hydrogen opportunity

INTERNATIONAL NEWSBy admin January 20, 2021 Leave a comment

Fast emerging globally as a means to help the world decarbonise, green hydrogen is a market where GCC countries have an advantage, thanks to the region’s abundance of inexpensive solar energy. Powered by renewable sources, green hydrogen can fuel a range of applications, from industrial processes to passenger cars. But low production costs…

12 JAN – Ship orders slump 50% with owners unsure which less-polluting fuel to use

INTERNATIONAL NEWSBy admin January 20, 2021 Leave a comment

Singapore/London: Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to. Ammonia, hydrogen, biofuels and electrification are some of the many contenders to power the world’s future merchant fleet, but most are only in the…

Daily Archives: January 20, 2021