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US crude oil inventories rose for week ending Jan. 15
- Commercial crude oil stocks decrease by 4.4 million barrels, against market expectation of 300,000 barrel draw
Brent oil price down 0.18% for week ending Jan. 22
- US higher stimulus package boosts rises limited by negative vaccination results of elderly and China's virus resurgence
Keystone XL pipeline in political gridlock again
- Canada-US pipeline extension is in limbo as it once again becomes political tool in fight against climate change
Fitch warns of oil demand decline in 1st quarter 2021
- OPEC+ production policies and pandemic's path will continue to drive global oil prices in 2021, agency says
Oil prices down as China tightens virus restrictions
- Hopes for $1.9 trillion aid package in US limits further declines in oil price
S. Arabia becomes largest oil supplier to China in 2020
- Saudi's oil exports to China amounts to approximately 1.69 million barrels per day in 2020, up 1.9% year over year
Libya records 92% loss of oil, gas revenues in 2020
- NOC struggles to control oil fields, storage tanks, pumping stations, pipelines and ports, and lacks money for repairs
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Oil prices up as markets await higher stimulus in US
- Incoming US Treasury Secretary says benefits of big package outweigh costs of higher debt burden
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Siemens Energy to drive hydrogen economy in Middle East
- Initial focus of activity will be in Abu Dhabi and over time will be extended to other international markets
Var Energi given 10 new exploration licenses in Norway
- Var Energi has been granted 5 operatorships and 5 partnerships in licenses on Norwegian Continental Shelf
EBRD to give €26M to build new wind farms in Poland
- Total planned capacity of farms is 51.4 MW, and when built will prevent 126,000 tonnes of carbon dioxide annually
Global oil demand to increase 6% in 2021: IEA
- Vaccinations and more economic activity is expected to fuel stronger 2H21 growth, despite resurgence of COVID-19 cases
Oil prices mixed ahead of power transition in US
- Positive investor sentiment is boosted by data from China as country’s refineries post record production in 2020
Oil prices down on concerns over COVID-19 vaccines
- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
Oil and gas-related methane emissions could rebound
- IEA calls on companies, governments and regulators to take urgent action to cut emissions from oil and gas sector
Venezuela denounces US court ruling over Citgo
- Government rejects decision to order sale of Venezuelan oil company, which has sixth-largest refinery network in US
Spot market electricity prices for Sunday, Jan. 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 149.3 million Turkish liras
Spot market natural gas prices for Friday, Jan. 15
- 1,000 cubic meters of natural gas on spot market costs 1,304 Turkish liras
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Turkey's daily power consumption up 0.27% on Jan. 15
- Electricity exports amount to 4,058 megawatt-hours, while imports totaled 1,251 megawatt-hours
US oil rig count rises by 12 for week ending Jan. 15
- Oil rigs increase by 12 to 287, from 275 the previous week
Brent oil price down 0.52% for week ending Jan. 15
- Re-emergence of coronavirus in China tempered gains that were supported by higher US stimulus package
Oil prices to stay below $60 in 1H21: Report
- Supply expected to stay well below pre-crisis levels in first half of 2021
Oil prices down as virus cases on rise in China
- Further falls capped when US President-elect unveiled virus relief plan to provide direct payment of $1,400 to individuals
Denmark leads zero-emission urban buses in Europe
- Zero-emission urban buses help combat air pollution, tackle climate change and reduce noise
US adds two Chinese companies to black list
- Chinese National Overseas Oil Corporation added to economic list, Skyrizon to military end-user list
Ecuador secures historic deal with US development bank
- Funds set to alleviate country’s longstanding debt with Asia and boost its economy amid COVID-19 pandemic
Venezuela open to foreign investment in oil sector
- In a bid to boost domestic output, government is welcoming foreign investment in sector, which has not occurred since 1990s