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Home2021March

Month: March 2021

Mexico president threatens constitutional change if power bill struck down
Electrical Generation / Utilities

Mexico president threatens constitutional change if power bill struck down

March 17, 2021 Stu Turley

Mexican President Andres Manuel Lopez Obrador said on Wednesday he would send an initiative to Congress to reform the constitution if a new law to increase state influence over the electricity market is deemed unconstitutional. […]

Carbon Tax

Opinion: Higher carbon taxes will cost Canadian governments $24 billion a year by 2030

March 17, 2021 Stu Turley

Late last year, the Trudeau government unveiled its new climate plan, which calls for the federal carbon tax to reach $170 per tonne by 2030, with revenues rebated to households or spent by Ottawa. This […]

IEA Chief - Energy News Beat
Commodities

IEA and EIA Oil 2021 Analysis and Forecast to 2026 – Highlights and Insights

March 17, 2021 Stu Turley

Energy News Beat Publishers Note: There are some real nuggets in the full International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) STEO released this morning. The bottom line: Global economic growth in […]

Commodities

Overnight Oil Report 3/17/2021 – API signals US stock draw…?

March 17, 2021 Mariel Alumit

Singapore — 0216 GMT: Crude oil futures were rangebound during the mid-morning trade in Asia March 17, as a surprise draw in US crude inventories helped ease concerns over weak European demand and increased Iranian supply. […]

crude-oil-energynewsbeat.com
Commodities

IEA Sees No Oil Supercycle as Supplies Remain Plentiful

March 17, 2021 Stu Turley

Oil markets aren’t on the verge of a new price supercycle as plentiful supplies mean any concerns of a shortfall are misguided, the International Energy Agency said. Crude rallied to a 14-month high last week after Saudi Arabia and […]

Oil Supertankers Losing Millions Are a Bullish Vaccine Trade -patrick t fallon- bloomerg
Crude Oil News

Oil Supertankers Losing Millions Are a Bullish Vaccine Trade

March 17, 2021 Stu Turley

The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery of cargoes. Strange to think, then, that shares of two […]

Duke Energy - Energy News Beat
Electrical Generation / Utilities

Duke Energy Florida announces 2 additional solar sites

March 17, 2021 Stu Turley

  Duke Energy Florida (DEF) today announced the locations of its two newest solar power plants, which continue the expansion of its renewable generation portfolio. The solar plants are the latest milestones in the company’s […]

powerlines - Justin Sullivan - Getty Images - Energy News Beat
Bankruptcy

Brilliant Energy Files for Bankruptcy After Texas Power Crisis

March 16, 2021 Stu Turley

Brilliant Energy LLC filed for bankruptcy in the Southern District of Texas, adding to a growing list of companies that have stumbled after power outages caused by a winter freeze in February. The electricity provider has estimated […]

Biden - Asleep or praying
Crude Oil News

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices

March 16, 2021 Stu Turley

Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL […]

Finance

Exxon warns activist investor’s plan threatens dividend

March 16, 2021 Stu Turley

Exxon Mobil Corp . said proposals put forth by an activist investor pushing for changes at the oil giant threaten future cash flows and the sustainability of its dividend. Exxon said in a letter to shareholders Tuesday […]

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