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April 29, 2021

China has ‘no other choice’ but to rely on coal power for now, official says- oil and gas 360

China has ‘no other choice’ but to rely on coal power for now, official says

April 29, 2021

CNBC BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power anytime soon as it keeps its eye firmly on economic targets. President Xi Jinping said in September that the country’s carbon emissions would begin to decline by 2030, and he said the country will reach carbon neutrality by 2060 — in four

Senate votes to restore Obama-era regulation of methane, a climate-warming gas- oil and gas 360

Senate votes to restore Obama-era regulation of methane, a climate-warming gas

April 29, 2021

CNBC The U.S. Senate on Wednesday voted to reverse former President Donald Trump’s move to weaken Obama-era regulations designed to reduce climate-changing methane emissions from oil and gas fields. The 52-42 vote sets up the first official reinstatement of one of more than 100 climate regulations dismantled by the Trump administration. Regulating methane, a primary component of natural gas, is critical

Energy-focused hedge fund Luminus liquidates assets of largest fund: WSJ- oil and gas 360

Energy-focused hedge fund Luminus liquidates assets of largest fund: WSJ

April 29, 2021

Reuters Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors, the Wall Street Journal reported on Thursday. The company had begun liquidating holdings in its Energy Partners fund a year ago, a move prompted by the COVID-19 pandemic, the report said, citing

Oil prices rise, bullish demand outlook offsets India concerns- oil and gas 360

Oil prices rise, bullish demand outlook offsets India concerns

April 29, 2021

Reuters LONDON – Oil prices extended gains on Thursday as bullish forecasts of recovering demand, strong U.S. economic data and a weak dollar outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan. Brent rose $1.30, or 1.9%, to $68.57 a barrel by 1337 GMT, and U.S. West Texas Intermediate crude was up $1.21, or 1.9%,

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