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Home2022March

Month: March 2022

No Picture
International News

Reliance, Ola Electric win incentives in $2.4 billion battery scheme

March 17, 2022

The winning bidders also include Hyundai Global Motors Company and Indian jewellery maker Rajesh Exports, the sources said on condition of anonymity.NEW DELHI:RelianceIndustries and Softbank Group-backedOla Electricwill receive incentives under India’s $2.4 billion programme to […]

U.S. coal exports
EIA News

Petroleum and natural gas are the most-used fuels in the United States through 2050

March 17, 2022 Mariel Alumit

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) Note: Biofuels are both shown separately and are included in petroleum and other liquids. In our Annual Energy Outlook 2022 (AEO2022) Reference case, we project that U.S. energy consumption will grow […]

No Picture
EIA News

Petroleum and natural gas are the most-used fuels in the United States through 2050

March 17, 2022

March 17, 2022 Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022)Note: Biofuels are both shown separately and are included in petroleum and other liquids. In our Annual Energy Outlook 2022 (AEO2022) […]

Millions of Russian Oil Barrels Could be Shut in Next Month
Crude Oil News

Millions of Russian Oil Barrels Could be Shut in Next Month

March 17, 2022 Mariel Alumit

From April, three million barrels per day of Russian oil production could be shut in as sanctions take hold and buyers shun exports. That’s according to the International Energy Agency’s (IEA) latest oil market report, […]

India's top refiner IOC buys 3 mln bbls Russian Urals crude via tender -sources
Crude Oil News

India’s top refiner IOC buys 3 mln bbls Russian Urals crude via tender -sources

March 17, 2022 Mariel Alumit

NEW DELHI, March 14 (Reuters) – Indian Oil Corp (IOC.NS), the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its first purchase of the grade […]

Ukraine war threatens oil demand and investment, OPEC says
Exploration and Production

Ukraine war threatens oil demand and investment, OPEC says

March 17, 2022 Mariel Alumit

(Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. International crude prices briefly hit a 13-year high of […]

Iranian Nuclear Deal – What You Need to Know
Geopolitical

Iranian Nuclear Deal – What You Need to Know

March 17, 2022 Mariel Alumit

Iran’s nuclear program has a convoluted history that stretches back even further than you can probably imagine. In the time since its inception, there have been countless conflicts and disagreements. Some reinforced the ban on […]

Pump Jack operated by Chevron Corp in California
Geopolitical

Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says

March 17, 2022 Mariel Alumit

KEY POINTS Three million barrels per day of Russian oil output is at risk as sanctions weigh and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to […]

Russia-linked oil, fuel cargoes rush to U.S. before ban starts
Crude Oil News

Russia-linked oil, fuel cargoes rush to U.S. before ban starts

March 17, 2022 Mariel Alumit

HOUSTON (Reuters) -At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government’s deadline to wind down […]

Oil surges 7% amid warnings of Russian supply shortages
Crude Oil News

Oil surges 7% amid warnings of Russian supply shortages

March 17, 2022 Mariel Alumit

LONDON, March 17 – Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next […]

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