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May 12, 2021

Energy (Legacy)

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

Reuters
LONDON (Reuters) -OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market. FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed......

U.S. expresses support for Japan’s release of Fukushima nuclear plant water

Reuters
FILE PHOTO: The storage tanks for treated water are seen at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan March 1, 2021. REUTERS/Sakura Murakami TOKYO (Reuters) – The United States on Tuesday said Japan “appears to have adopted an approach in accordance with globally accepted......

EDF chief executive says restructuring talks “not at all bogged down”

Reuters
PARIS, April 10 (Reuters) – Negotiations over the restructuring of French state-run utility EDF are not stuck and near daily discussions between Paris and the European Commission continue, chief executive Jean-Bernard Levy said on Saturday. “(The negotiations) are not at all bogged down,” Levy told France Inter radio. The restructuring......

Brazil’s Petrobras, government agree on rules for potential Sepia, Atapu sale

Reuters
FILE PHOTO: The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to......

Japan industry minister denies raising 2030 emissions reduction target to 45%

Reuters
FILE PHOTO: Japan’s Economy, Trade and Industry Minister Hiroshi Kajiyama attends a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s industry minister said on Friday there was no truth to a media report that the government was aiming for a 2030 greenhouse gas (GHG)......

Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

Reuters
WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft document seen by Reuters. FILE PHOTO: International......

Oil prices slip after OPEC+ agree to ease output cuts

Reuters
SINGAPORE (Reuters) – Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in......

Suez canal ends shipping backlog: statement

Reuters
CAIRO (Reuters) – Suez Canal Authority (SCA) said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal by Saturday, ending the backlog caused by the blockage. Reporting by Moamen Said Atallah; writing by Mahmoud Mourad; editing by John Stonestreet Source......

Iran rejects ‘step-by-step’ lifting of sanctions – Press TV

Reuters
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters, before the beginning of a board of governors meeting, amid the coronavirus disease (COVID-19) outbreak in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner (Reuters) – Iran’s government wants the United States to lift all......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Suez Canal says close to clearing backlog after ship dislodged

Reuters
A container ship sails at the Suez Canal, in Ismailia, Egypt March 31, 2021. Suez Canal Authority/Handout via REUTERS CAIRO (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog of shipping that built up when a giant container ship was grounded in the waterway.......

Power play – India wields oil ‘weapon’ to cut dependence on Saudi

Reuters
NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. FILE PHOTO:......

Nine EU advisers threaten walkout over sustainable finance row

Reuters
BRUSSELS, April 1 (Reuters) – Nine members of the expert group advising the European Union on its sustainable finance rules have threatened to step down if Brussels pushes ahead with plans that they say would discredit its efforts to fight climate change. The European Commission is attempting to finish its......

Exxon Mobil signals better first-quarter earnings as oil prices climb

Reuters
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil......

Saudi Aramco private investment plan voluntary, not state imposed, says CEO

Reuters
LONDON, March 31 (Reuters) – Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia’s diversification push. “This is a voluntary programme. It’s on the......

Sensex, Nifty fall weighed by financials

Reuters
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photo BENGALURU (Reuters) – Indian shares fell on Wednesday, after gaining more than 2% in the previous session, pressured by financial stocks, as rising U.S. Treasury yields renewed concerns of foreign......

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS

Reuters
FILE PHOTO: Taxis are seen at a gas station in New York, U.S., March 14, 2020. REUTERS/Eduardo Munoz/File Photo NEW YORK (Reuters) – U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to......

Shipping restarts at Suez Canal after ship refloated- sources, agency

Reuters
ISMAILIA, Egypt March 29 (Reuters) – Shipping is on the move again in the Suez Canal after a container ship that had blocked the waterway for nearly a week was refloated, two marine sources and a shipping agency said on Monday. A marine source said ships were travelling southwards towards......

Ship swings back across Suez Canal before next tugging attempt, witness and source say

Reuters
A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority/Handout via REUTERS SUEZ, Egypt (Reuters) – A giant container ship that was jammed across the Suez Canal and has been......

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