Month: March 2021

Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images The chief executive of the world’s biggest oil company on Wednesday said he believes the firm will still be able to meet dividend payout expectations
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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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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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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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The Taiwan-owned MV ‘Ever Given’ (Evergreen) container ship, a 400-metre- (1,300-foot-)long and 59-metre wide vessel, is lodged sideways and impeding all traffic across the waterway of Egypt’s Suez Canal, on March 27, 2021. AHMAD HASSAN | AFP | Getty Images The owners of the massive ship blocking the Suez Canal aim to refloat the vessel
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(Bloomberg) — Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill at the Suez. West Texas Intermediate futures fell less than 1% to close the week at $60.97, while Brent crude just barely eked
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