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HomeFossil

Fossil

Crude Oil News

Russia supports OPEC+ oil output rollover to May, seeks small rise for itself – source

March 29, 2021 Stu Turley

Russia would support broadly stable oil output by OPEC+ group of leading global oil producers in May, while seeking a relatively small output hike for itself to meet the rising seasonal demand, a source familiar […]

Iraq cuts crude oil supplies for most Indian refiners in 2021
Finance

Iraq Discussing $7 Billion Energy Deal With Total, Minister Says

March 27, 2021 Stu Turley

Iraq is discussing a “giant” agreement with French oil giant Total SE to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview that aired on […]

Fossil

How China’s Rare Earths Monopoly Controls Our Destiny

March 26, 2021 Stu Turley

A world commodities rebalancing is underway, and China is in a position of dominance. Take lithium, where China is a major processor and battery manufacturer, cobalt, where China has dominated the supply chains, and rare […]

Offshore wind -energynewsbeat.com
Crude Oil News

UK government announces landmark deal in green energy transition

March 26, 2021 Stu Turley

High-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future, the Britain government vowed on Wednesday as a landmark North Sea Transition Deal is agreed with industry. […]

Crude Oil News

PetroChina makes $3bn profit, plans higher crude runs

March 25, 2021 Stu Turley

Beijing, 25 March (Argus) — Profit at China’s biggest energy firm state-controlled PetroChina fell by 58pc to 19bn yuan ($2.94bn) last year, a result the company described as “better than expected” given the impact of […]

CMOC -China
Fossil

China’s CMOC reduces cobalt production in 2020

March 24, 2021 Stu Turley

Chinese diversified metals producer China Molybdenum (CMOC) recorded a fall in its cobalt production in 2020 following the impact of the Covid-19 pandemic, despite a rise in sales. CMOC, also known as Luoyang Luanchuan Molybdenum, […]

Australia Rail - energynewsbeat
Coal

Australia’s Hunter Valley coal rail network reopens

March 24, 2021 Stu Turley

Rail network manager Australian Rail Track (ARTC) has resumed a limited service on the Hunter Valley railway in New South Wales (NSW), as the 211mn t/yr capacity port of Newcastle and dependent mines try to […]

Exxonmobil -energynewsbeat.com
Commodities

U.S. Thirst for Russian Oil Hits Record High Despite Tough Talk -This could and should be avoided

March 24, 2021 Stu Turley

The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their capacious holds is an unusual cargo: Russian petroleum. […]

UK pledges not to leave oil and gas workers behind as landmark North Sea transition deal is agreed
Crude Oil News

UK pledges not to leave oil & gas workers behind as landmark North Sea transition deal is agreed

March 24, 2021 Stu Turley

The UK government has pledged that high-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future as the landmark North Sea Transition Deal […]

Alberta Newsroom - energynewsbeat.com
Carbon Capture

Alberta – New Carbon Capture Tax Credit Would Drive Higher Emissions, Could Mislead Investors

March 24, 2021 Stu Turley

A new federal incentive, modelled on a U.S. tax credit for carbon capture, utilization and storage, would be tailor-made to drive higher greenhouse gas emissions and could produce unexpected surprises for private investors if it’s […]

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