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OPEC
2022-03-01
Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia
Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the bloc’s alliance with Russia amid that nation’s invasion of Ukraine.
Oil Price
2022-03-01
India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices
India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the government said on Saturday.
LNG
2022-02-28
Japan's JERA Does Not Currently See SWIFT Ban Impacting Sakhalin 2 LNG Imports
Japan's largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from the international payment system SWIFT, impacting its LNG imports from the Sakhalin 2 project.
Electrification
2022-02-28
IRENA and China State Grid Pave Way Towards Smart Electrification
“Future power grids will be very different from the current ones and will require smart electrification solutions as renewable energy is growing faster than ever,” said IRENA Director-General Francesco La Camera.
Oil & Gas Supply
2022-02-28
Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand and soaring prices.Iraq has temporarily shut down its southern 400,000 barrel a day West Qurna
India
2022-02-28
Indian Non-Hydropower RE Manufacturers Should Gear up for Increase Domestic Demand
Non-hydropower renewables manufacturers in India, particularly solar, should prepare for an increase in domestic demand due the government’s green hydrogen policy, according to Fitch Solutions.
Carbon Pricing
2022-02-28
Singapore's Carbon Tax Will Help Develop Trade Flows, Price Discovery for Offsets Market
Singapore's plan to raise carbon taxes is expected to stimulate demand growth in the voluntary carbon credit market and facilitate price discovery.
Oil & Gas Trade
2022-02-28
Vietnam: 25%Fuel Shortage To Be imported
the Vietnam Oil and Gas Group to give detailed notice of the supply situation as soon as possible so that petroleum companies can proactively plan to import to make up for the shortfall.
Carbon Emissions
2022-02-28
China Sees Biggest Growth in Energy and Coal Use Since 2011
China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data from the country's statistics bureau showed on Monday.
Electric Car
2022-02-28
India: Central Government Replacing Fuel Vehicles With EV's
Since the Electric Vehicle Policy in August 2020 was implemented, various departments and autonomous bodies of the Delhi government have started replacing old petrol and diesel vehicles in their fleets with electric vehicles.With an emphasis on fighting a
Coal Production
2022-02-28
India Approves Offering Coal for Sale Through Single E-Auction Window
India has approved the offering of non-linkage coal by producers to both power and non-regulated sectors through a common e-auction window instead of the sector-specific window used currently, according to a coal ministry statement issued Feb. 28.
Electricity Transmission
2022-02-28
Xinjiang's Electricity Transmission Volume Tops 500B kWh
Xinjiang Uygur Autonomous Region in northwest China has transmitted a total of 503.7 billion kWh of locally-generated electricity to other parts of the country since 2010, according to the State Grid's Xinjiang branch.
Natural Gas
2022-02-28
Saudi Arabia Announces Discovery of Five Natural Gas Fields
Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as the oil-rich kingdom looks to boost production of the fuel.
Oil & Gas Supply
2022-02-28
IOC to Ramp up LPG Output in NE by 53% to 8 Crore Cylinders by 2030
The oil major plans to add three new plants in the Northeast.
Crude Oil
2022-02-28
India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies
India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.
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