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Energy

Belarus to export up to 300,000 tonne of oil products via Estonia, Latvia
Energy

Belarus to export up to 300,000 tonne of oil products via Estonia, Latvia

  • The deal calls for up to 10 million tonnes of oil products shipments, split over three years, from March, and is part of a show of support for Minsk from Moscow following last year's presidential election.
  • Latvian ports of Riga and Ventspils are projected to get up to 111,000 tonnes of gasoline produced at the Mozyr refinery, an increase from 74,000 tonnes set for February.
Published 26 Feb, 2021 08:52pm
Winners and losers in energy sector from Texas cold snap
Energy

Winners and losers in energy sector from Texas cold snap

  • EQT Corp said it also benefited from the high prices. The company mainly produces gas out of the Marcellus and Utica shale regions in Pennsylvania and Ohio.
  • Shares of refiners such as HollyFrontier Corp and Valero Energy Corp rose after the freezing temperatures knocked a large swath of US Gulf Coast refining offline.
Published 26 Feb, 2021 08:37pm
Europe's wind power capacity not growing fast enough to meet climate targets-industry
Energy

Europe's wind power capacity not growing fast enough to meet climate targets-industry

  • Europe installed 14.7 gigawatts (GW) of new wind energy last year, 19% less than what was expected before the coronavirus pandemic hit. Europe now has a total of 220 GW wind energy capacity.
  • WindEurope expects Europe to build 105 GW of new wind farms over the next five years but this will be below the pace needed to deliver the European Union's energy and climate targets.
Published 25 Feb, 2021 06:40pm
Saipem gives no guidance as pandemic takes toll
Energy

Saipem gives no guidance as pandemic takes toll

  • "2021 is certainly not a back to normal year," Chief Executive Stefano Cao said in a conference call on results.
  • "We don't expect any improvement in the outlook before the second half of the year," he said.
Published 25 Feb, 2021 06:37pm
KE launches ‘KHI Awards’
Energy

KE launches ‘KHI Awards’

KARACHI: In an exciting development, K-Electric (KE), one of Pakistan’s largest power companies, has launched...
Published 25 Feb, 2021 04:58am
US crude output, refining use slump on Texas storms: EIA
Energy

US crude output, refining use slump on Texas storms: EIA

  • Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.8 million barrels, and net US crude imports rose by 249,000 bpd, the EIA said.
  • US gasoline stocks rose by 12,000 barrels to 257.1 million barrels, compared with expectations for a 3.1 million-barrel drop.?
Published 24 Feb, 2021 09:23pm
Russia's Far East ESPO Blend oil exports to rise 11.6pc
Energy

Russia's Far East ESPO Blend oil exports to rise 11.6pc

  • On a daily basis, ESPO Blend second-quarter oil loadings from Kozmino will rise by 11.6% from the January-March quarter, Reuters calculations showed.
  • OPEC+ could ease curbs on oil supply from April thanks to a recovery in prices. The producer group is due to hold a meeting on March 4.
Updated 24 Feb, 2021 09:07pm