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Home2021March

Month: March 2021

Oil Money- energynewsbeat
Commodities

Brent Oil Steadies Above $69 as China’s Recovery Aids Outlook

March 15, 2021 Stu Turley

Oil held above $69 a barrel in London after a raft of economic data from China added to signs of recovery from the coronavirus pandemic. Brent futures traded up 0.4% after earlier climbing 1.2%. Figures […]

Louisiana Supertanker Port Sets Shipment Record - Energy News Beat
Crude Oil News

U.S. becomes India’s second biggest oil supplier, Saudi plunges to No. 4

March 15, 2021 Stu Turley

Energy News Beat Publishers Note: This is due to Saudi Arabia’s leadership in cutting oil production. This will be a short-term gain. The United States overtook Saudi Arabia as India’s second-biggest oil supplier after Iraq […]

International News

Missile strikes on fuel tankers in north Syria wound two

March 15, 2021 Stu Turley

Missiles and rockets struck fuel tankers in northern Syria near the Turkish border, causing casualties, Turkey’s defense ministry and local rescue workers said. The fuel tankers were parked alongside primitive oil refineries between the towns […]

Octavio Romero Oropeza -EnergyNewsBeat.com
Crude Oil News

Pemex CEO Touts Discovery of Possible Billion-Barrel Field

March 15, 2021 Stu Turley

Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the […]

The road ahead - getty images
ESG

Big Oil Takes Separate Paths On Road To Decarbonization

March 14, 2021 Stu Turley

There is more than one way to set about decarbonizing an oil and gas giant. The European majors are diversifying away from oil and gas, making significant investments in renewables and have plans to invest all […]

Finance

If Clean Energy Is the Future, Why Are Renewable Energy Stocks Selling Off Right Now?

March 14, 2021 Stu Turley

The recipe for renewable energy’s 2020 breakout was so perfect it deserves a Michelin star. Technological improvements had been simmering for years and paired perfectly with short-term seasonings like low interest rates. The result was […]

Guyana's
Crude Oil News

U.K. Lawmakers Mull Ban on New North Sea Exploration: Telegraph

March 14, 2021 Stu Turley

Telegraph reported. Britain is considering options that include ending permits in 2040, and an immediate temporary pause in licensing, the newspaper reported. It’s also possible that there will be no changes. The U.K. has a […]

Man on Oil pipeline - photo by Simon Dawson - Bloomberg
Finance

Goldman Predicts Plunge in Gulf Borrowing Needs

March 14, 2021 Stu Turley

The Gulf Cooperation Council’s borrowing requirements could drop to $10 billion over the next three years from about $270 billion, if oil prices continue to stay elevated, according to Goldman Sachs Group Inc. If prices for […]

German Gas Station brand Aral - EnergyNewsBeat.com
Electric Vehicles

VW, BP to Invest in Europe Car-Charging Network: Manager Magazine

March 14, 2021 Stu Turley

Volkswagen AG, BP Plc and the oil company’s German gas station brand Aral are planning to invest in an electric-car charging network in Europe, Germany’s Manager Magazin reported. Details are likely to be announced Monday […]

Trader -energynewsbeat
Crude Oil News

Crude to $100: Trader makes the case for a spike in oil prices – opinion

March 14, 2021 Stu Turley

CNBC Opinion: Crude oil prices are on a path to heights not seen since 2014, according to one chart analyst. As the energy sector tracks for its best quarter on record with a year-to-date gain […]

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