IFC INCREASES LOAN PACKAGE FOR SEABANK TO USD 220 MILLION
January 17, 2022
IFC INCREASES LOAN PACKAGE FOR SEABANK TO USD 220 MILLION PR Newswire …
BP and Oman form renewable energy and hydrogen development strategic partnership
January 17, 2022
World Oil BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030. As part of the agreement, BP will capture and evaluate solar and wind data from 8,000km2
Column: Looking beyond Omicron, oil investors focus on tight supply
January 17, 2022
Nasdaq LONDON, Jan 17 – Portfolio managers purchased oil last week at the fastest rate for 14 months amid growing confidence that the latest wave of coronavirus infections will not have a significant effect on international aviation and oil consumption. Hedge funds and other money managers purchased the equivalent of 83 million barrels in the six most important petroleum-linked futures
Colombia’s presidential favorite seeks global coalition to end fossil fuels
January 17, 2022
World Oil (Bloomberg) –Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels. Oil and coal currently account for nearly half of Colombia’s exports, but Petro says if he becomes president this year, he’ll push to start phasing
Mexico says US energy secretary to visit, power market concerns eyed
January 17, 2022
Reuters MEXICO CITY – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday. The United States has voiced concerns about an initiative championed by Lopez Obrador which aims to strengthen state control of the
Analysis: Saudi-Polish deal dents Russian oil dominance in Baltic
January 17, 2022
Nasdaq MOSCOW, Jan 17 – Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC’s top producer in charge of two thirds of Poland’s oil supply, eroding previously dominant supplier Russia’s leverage as it grapples with regional tension. Poland has a long history of seeking to reduce its dependence on Russian energy imports through deals with alternative
Brent North Sea crude trades near 2014 highs as oil demand grows
January 17, 2022
Oil Now SINGAPORE (Bloomberg) –Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased. Futures in London held at about $86 a barrel after a fourth weekly advance on Friday, with gains tempered by signs of slowing Chinese economic growth. High prices are justified and futures could rise
Oil holds firm just above $86
January 17, 2022
Oil Now Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output. Brent crude was down 4 cents, or 0.1%, to $86.02 a barrel by 0953 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018, at
