Saturday, January 11, 2025
Recent legislation would reduce the U.S. Strategic Petroleum Reserve- oil and gas 360

Covid Strikes Again – EIA forecasts OPEC net oil export revenues in 2020 to be the lowest in 17 years

EIA The U.S. Energy Information Administration (EIA) expects that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020, the lowest level in 18 years (Figure 1). EIA based this revenues estimate on forecast total petroleum liquids production—including crude oil, condensate, and natural gas plant liquids— forecast total

Cargill looks to use wind to cut carbon in shipping- oil and gas 360

Cargill looks to use wind to cut carbon in shipping

Reuters LONDON – Cargill, one of the world’s biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday. About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to

Ineos Styrolution nominated as finalist in Chemical Week Sustainability Awards 2020

360 Feed Wire -Frankfurt Company’s commitment and actions to sustainability recognised by Chemical Week Journey of continuous improvement since establishment of sustainability programme in 2014 INEOS Styrolution, the global leader in styrenics, announced today that it has been chosen by Chemical Week as a finalist in the magazine’s sustainability awards 2020 under the category “best sustainability programme”. INEOS Styrolution was

Oil plunges 5% as coronavirus cases surge, U.S. crude stockpiles swell- oil and gas 360

Oil plunges 5% as coronavirus cases surge, U.S. crude stockpiles swell

Reuters NEW YORK – Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe is leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate. Brent LCOc1 futures fell $2.07, or 5.0%, to $39.13 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West Texas Intermediate (WTI) crude CLc1 fell