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Markets - 2020-09-16
Russian oil exports seen flat in Q4 at 62.4mn tonnes
Energy

Russian oil exports seen flat in Q4 at 62.4mn tonnes

  • That is against the 62.8 million tonnes seen in the third quarter.
  • The schedule showed that Urals blend exports from the Baltic Sea ports will reach 18.5 million tonnes, up from 17.8 million tonnes in the current quarter.
Published 16 Sep, 2020 08:39pm
India's June quarter thermal coal imports down 42pc
Energy

India's June quarter thermal coal imports down 42pc

  • India's electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021.
  • Thermal coal imports by the "non-regulated" sector, which includes cement producers and the metals industry fell 41.7%,
Published 16 Sep, 2020 08:36pm
As OPEC+ meets this week, UAE emerges as main laggard
Energy

As OPEC+ meets this week, UAE emerges as main laggard

  • Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, four OPEC+ sources told.
  • Several of the secondary sources showed the UAE missed its target in August, with the International Energy Agency (IEA) giving OPEC's third-largest producer a score of only 10%,
Published 16 Sep, 2020 07:00pm
Oil majors' renewable drive pushes up price tags on assets
Energy

Oil majors' renewable drive pushes up price tags on assets

  • BP, Shell and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal climate targets.
  • SSE also earlier this year sold a 51% stake in its Seagreen 1 British offshore wind farm project to France's Total.
Published 16 Sep, 2020 06:56pm