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Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021
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Europe risks €87 billion in stranded fossil gas assets
Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see an increase of 35% from the current import capacity.
read more... 12/04/2021
Global CO2 emissions far off net-zero trajectory
The global energy system has become greener over the last decade, but most countries are nowhere near on track to achieve net zero emissions by the middle of this century.
read more... 12/04/2021
Daily (09.04.2021): NBP spot rebounded on Thursday amid cold weather and weaker supply
Crude oil prices closed on a mixed note on Thursday, as demand concerns driven by the rise in COVID-19 cases around the world and bigger-than-expected weekly increase in U.S. gasoline stocks pressured the market. Hence, Brent crude settled at $63.20 a barrel, while WTI crude lost 0.3% to end at $59.60 a barrel.
read more... 09/04/2021
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Ukraine's gas measure change may be postponed
The implementation of a law that would switch all Ukrainian gas reporting to energy units rather than volumetric space could be delayed well beyond 1 May, causing concern among market participants.
read more... 09/04/2021