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Home2021February

Month: February 2021

Aramco seeks one-year extension on US$10 billion loan:
Crude Oil News

Aramco seeks one-year extension on US$10 billion loan: sources

February 28, 2021 Stu Turley

Saudi Aramco has asked banks to extend by a year a US$10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil […]

US Freeze hammers Europe's bottom of the barrel oil exports - energy news beat
Commodities

U.S. Freeze Hammers Europe’s Bottom-of-the-Barrel Oil Exports

February 28, 2021 Stu Turley

The freeze-driven shuttering of core sections of the U.S. refining system isn’t all good news for rival plants in Europe. Down at the bottom of the barrel, losses are deepening. While U.S. shutdowns mean less […]

irannukedeal -Energy News Beat
Crude Oil News

Iran Formally Rejects Offer Of Direct EU-Brokered Nuclear Talks With Biden Admin -What does this mean for oil?

February 28, 2021 Stu Turley

Energy News Beat Publishers Note: Iran not coming to the table can mean two things: First, they can keep pumping as much oil as they can for cash. With the additional 590,000 bpd coming online […]

Mohammed bin Zayed al-Nahyan - Energy News Beat
Crude Oil News

Abu Dhabi appoints Adnoc board and executive committee

February 28, 2021 Stu Turley

The use of an executive committee is usually to expedite decision making and maintain oversight over the day to day management on a regular basis. In Adnoc’s case, the formation of the board and committee […]

The Economy, Oil Demand And Prices
Commodities

The Economy, Oil Demand And Prices

February 28, 2021 Stu Turley

Given data lags and uncertainty, it is often said that the Fed guidance of the economy is like someone driving through a tunnel with the windshield painted black, relying on the rearview mirrors and bouncing […]

Oil Spill - energynewsbeat.com
Crude Oil News

Israel widens search for oil spill culprit after ruling out ship in Greece

February 28, 2021 Stu Turley

Israel on Sunday broadened its search for the ship behind an oil spill that blackened its beaches with tar after investigators ruled out one of the suspected tankers. An Israeli team, in coordination with Greek authorities, carried out […]

transport oil by rail car -energynewsbeat
Crude Oil News

Crude-by-rail exports are rebounding after a drastic drop in 2020 due to COVID and other factors

February 28, 2021 Stu Turley

Energy News Beat Publishers Note: The environment would have been dramatically less impacted transporting the oil through the Keystone Pipeline rather than rail cars. Pipelines are needed for the migration to “Green” and are overlooked […]

Coal - EnergyNewsBeat.com
Coal

China’s coal consumption share falls to 56.8% at end-2020

February 27, 2021 Stu Turley

China cut its coal use to 56.8% of energy consumption at the end of 2020, maintaining its target of below 58%, but overall coal consumption continued to rise amid record industrial output and the completion of dozens of coal-fired power plants. The […]

Mexican state oil firm Pemex reports $23 billion loss in 2020
Earnings

Mexican state oil firm Pemex reports $23 billion loss in 2020

February 27, 2021 Stu Turley

Mexico City: Mexican state energy giant Pemex on Friday reported a loss of around $23 billion in 2020 as it grappled with a slump in oil demand caused by the coronavirus pandemic. The company said it had […]

Hydrogen

Shell in Germany seeks to speed up drive to go green

February 27, 2021 Stu Turley

Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seeks to […]

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