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2020, November, 12, 13:50:00
INDIA'S ECONOMY STIMULUS $16 BLN
The government will spend 1.2 trillion rupees ($16.1 billion) on the latest stimulus program in addition to the 1.45 trillion rupees announced on Wednesday,
2020, November, 12, 13:45:00
CHINA CARBON NEUTRALITY: 2060
President Xi Jinping said China's carbon emission will peak by 2030 and it will attain carbon neutrality by 2060, and thus make a huge contribution to the global fight against climate change.
2020, November, 12, 13:40:00
HYDROGEN FOR GERMANY $8.25 BLN
The government in the summer earmarked 7 billion euros ($8.25 billion) for the build-up of green hydrogen in Germany, plus a further 2 billion euros to set up partnerships with other countries.
2020, November, 12, 13:35:00
GREEN HYDROGEN IS COUNTERPRODUCTIVE
I regard the strictly green position as irrational and counterproductive. It is an impediment to efforts to quickly slash carbon emissions and limit the effects of global warming.
2020, November, 11, 14:55:00
OIL PRICE: BELOW $45
Brent rose $1.17, or 2.7%, to $44.78 a barrel. WTI added $1.17 cents, or 2.8%, to $42.53 a barrel.
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
2020, November, 11, 14:40:00
RENEWABLE ELECTRICITY WILL UP BY 7%
In sharp contrast to all other fuels, renewables used for generating electricity will grow by almost 7% in 2020.
2020, November, 11, 14:35:00
INDIA ENERGY CONSUMPTION WILL DOUBLE
"India is set to nearly double its energy consumption over the long-term," Prime Minister Narendra Modi told the virtual forum. "Our energy sector will be growth-centric, industry friendly and environment-conscious."
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.
2020, November, 11, 14:25:00
JAPAN LNG PRICES UP
The average contract price for spot LNG cargoes shipped to Japan in October rose to $6 per million British thermal units (mmBtu)
