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Month: December 2020

Category:
  • Venezuela

Venezuela: PDVSA Starts Oil Transfer from Troubled Offshore Facility to Barge

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea) Venezuelan state oil company Petroleos de Venezuela has begun transferring crude Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • Electric Cars

Toyota: There’s Too Much Hype Over EVs

There is too much hype surrounding electric vehicles (EVs), one of the world’s top automakers, Japan’s Toyota, says, noting that the electricity needed to charge electric cars would strain grids Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • China
  • USA

U.S. to Blacklist Chinese Firms Including SMIC, Reuters Says

The U.S. is preparing to blacklist Semiconductor Manufacturing International Corp. and dozens of other Chinese companies, Reuters reported, citing people familiar with the matter. Shares in China’s top chipmaker slid 5.2% Friday Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • USA

SEC Eases Disclosure Rule On Oil Payments To Governments

The U.S. Securities and Exchange Commission (SEC) approved on Wednesday in a 3-2 vote a final rule on resource extraction disclosures, relaxing the requirements for oil and mining companies to Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • China

China could become world’s biggest refiner with 20 mil b/d capacity by 2025: Sinopec

Sinopec’s Economics & Development Research Institute, or EDRI, foresee China becoming the world’s top refiner with about 1 billion mt/year, or 20 million b/d, of capacity by 2025, its vice Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • South Korea

Shutdown of S Korea’s coal-fired power plants to spur LSFO demand further

The planned shutdown of some coal-fired power plants in South Korea will likely propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • LNG

U.S. liquefied natural gas exports set a record in November

During the summer of 2020 , monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • USA

US jobless claims rise to 885,000 amid resurgence of virus

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • USA

Biden Picks Regan for EPA, Haaland for Interior

As President-elect Joe Biden works to fill key roles in his administration, WSJ’s Gerald F. Seib outlines four characteristics of the prospective team. Photo: Laura Kammermann President-elect Joe Biden plans Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • USA

Joe Biden’s senior climate picks show influence of progressive Democrats

Joe Biden’s decision to name two staunch environmentalists to the top climate and energy jobs in his administration underscores not only the urgency of the president-elect’s mission to tackle global Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple

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