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Oil Majors Look To Exit Tunisia
European oil majors Shell, Eni, and OMV are looking to sell their oil and gas assets in North African country Tunisia, sources in the industry told Reuters on Friday.
read more... 29/03/2021
Daily (26.03.2021): Oil prices dropped by about 4% on Thursday, on the pace for the third consecutive week of losses amid mounting lockdowns in Europe
Oil prices pulled back on Thursday and are on the track to reach the third straight week of losses as a new round of coronavirus restrictions in Europe revived worries about demand, counterbalancing the potential impact of a blocked Suez Canal. Hence, Brent crude shed by $2.46 or 3.8% to settle at $61.95 a barrel. Meanwhile, U.S. WTI crude dropped by $2.62 or 4.3% to close at $58.26 per barrel.
read more... 26/03/2021
Brussels rules out double carbon compensation for EU steelmakers
“Several options are being considered” for the EU’s carbon border adjustment mechanism (CBAM), which will impose a carbon price on imported goods coming into the European Union, said Mette Koefoed Quinn, a senior official at the Commission’s climate directorate.
read more... 26/03/2021
Suez ship congestion could delay 10 LNG cargoes to Europe
Dislodging a container ship blocking the Suez Canal, one the world’s busiest trade routes, may delay delivery to Europe of around 1 million tonnes of liquefied natural gas (LNG) on 10 vessels if the blockage lasts for two weeks, researcher Rystad Energy said.
read more... 26/03/2021
EU sees only marginal future role for natural gas
"Instead of waiting for the inevitable, it is better to adapt," Timmermans said as he briefed industry on legislative plans being prepared by the commission to ensure carbon neutrality by 2050. Electrification is the "end game in many areas", he said.
read more... 26/03/2021