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Home2021June

Month: June 2021

Crude Oil News

Middle East’s share of India’s oil imports hits 25-month low

June 26, 2021 Andy Del Prado

NEW DELHI: The share of Middle Eastern crude in India‘s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners tapped alternatives in response to the government’s call […]

U.S. coal exports
EIA News

EIA’s updated liquids pipeline database shows 19 projects moving toward completion in 2021

June 25, 2021 Andy Del Prado

So far in 2021, 2 petroleum liquids pipeline projects have been completed, and 17 more projects have been announced or are currently under construction, according to updated data in our Liquids Pipeline Projects Database. That […]

Windfarm-EnergyNewsBeat-Windfarm-EnergyNewsBeat-Getty Images
International News

Regulatory constraints pose headwinds for open access renewable energy projects

June 25, 2021 Andy Del Prado

Regulatory constraints are posing headwinds for open access-based renewable energy (RE) projects, said ICRA on Thursday. Independent power producers (IPPs) in the renewable energy sector selling electricity in the open access route (third-party or group captive mode) are faced […]

International News

Looming Venezuela talks whet investor appetite

June 25, 2021 Andy Del Prado

Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections […]

Crude Oil News

Russian domestic oil prices soar to all-time high

June 25, 2021 Andy Del Prado

MOSCOW: Russian oil prices from the Volga river region for domestic market supply in July have reached a record high, rising by around 11% from the previous month thanks to stronger oil prices on global markets, Reuters […]

Saudi Aramco
Crude Oil News

Saudi Aramco extends $10 billion loan on improved terms, sources say

June 25, 2021 Andy Del Prado

New Delhi: Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the […]

Downstream

Indian refining giant Reliance unveils $10-billion green energy plan

June 25, 2021 Andy Del Prado

CHENNAI: Reliance Industries, operator of the world’s biggest refining complex at Jamnagar in western India, will invest $10.1 billion in clean energy over three years in a drive to become a net carbon zero company by 2035. Reliance’s […]

ESG

Saudi Aramco chairman Yasir Al-Rumayyan to join Reliance Industries board

June 25, 2021 Andy Del Prado

BENGALURU: Reliance Industries Ltd said on Thursday Saudi Aramco chairman Yasir Al-Rumayyan will join the Indian conglomerate’s board. Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world’s […]

Speaker of the House Nancy Pelosi, D-Calif - EnergyNewsBeat - EnergyNewsBeat
ESG

Congressional Dems Open Another Front In Their War On Oil And Gas

June 25, 2021 Stu Turley

Source: Forbes. As detailed in a new report from Rice University’s Baker Institute, the language would reclassify returned water from oilfield drilling operations as a “hazardous waste” under the provisions of the federal Resource Conservation and […]

Ford Lightning - EV - EnergyNewsBeat
Electric Vehicles

Ford’s new electric pickup truck is generating buzz, but the industry isn’t quite sure how to react.

June 24, 2021 Stu Turley

Ford’s move into electrification is part of a broader push by major corporations to rebrand themselves and shake off the clichéd image that has been associated with them for decades. So Ford is now throwing […]

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