Month: March 2021

(Bloomberg) — Oil snapped a two-day streak of gains alongside a strengthening dollar as near-term risks to the demand recovery emerged ahead of a OPEC+ meeting this week to decide on output policy. Futures in New York fell 1.6% Tuesday to below $61 a barrel. An OPEC+ technical panel agreed to revise down the group’s oil-demand estimates
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(Bloomberg) — Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check. Futures rose nearly 1% in New York, notching a second straight daily gain. Worries over the near-term recovery in demand,
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To further protect the interest of domestic module manufacturing companies, the Indian government has imposed fresh import duties on solar cells and modules. The Minister of New and Renewable Energy recently announced the imposition of a basic customs duty on solar cells and modules. Solar cells imported into India will attract a 20% duty while
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In this article BLK A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters Governments should be leading the global economy’s sustainable transformation, not markets, according to author and economist Ann Pettifor. Pettifor, author of “The Case for the Green New Deal,” told CNBC on Friday that a reliance
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Articles about solar power and a pair of LNG projects on two different continents ranked among the more popular articles last week among Rigzone’s downstream audience. Read on for details. How Much Solar PV Is Needed for Net Zero Target? For the United States to meet its target of emitting zero net carbon dioxide emissions
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Continuing its aggressive growth, one of India’s leading renewable energy companies — Adani Green Energy — has plans to acquire two large-scale solar power projects. According to media reports, Adani Green Energy is looking to acquire a 250-megawatt solar power project from another Indian private renewable energy developer. The project is located in the northern
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Baker Hughes Co. (NYSE: BKR) on Friday reported the total number of rotary drilling rigs operating in the United States hit 417 this week – a six-unit week-on-week increase. The most recent U.S. rig count reflects a six-unit increase in oil rigs (to 324) but no changes in the numbers of active gas rigs (92)
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