EU opens anti dumping probe into Chinese steel wind towers International News

London: Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption.   Brent crude was down 3 cents at $37.62 a barrel by 1140 GMT
Posted Date :  30-10-20

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Bogota: Colombia's output of top exports oil and coal will fall by 16.9% and 28.4% respectively over the next 10 years, government predictions showed on Tuesday, but the impact will be mitigated by better prices for both fuels.   Oil production will fall to 654,000 barrels per da
Posted Date :  28-10-20

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The U.S. Agency for International Development (USAID) announced three regional energy programs in South Asia, valued at more than USD28 million through the US Government's Asia Enhancing Development and Growth through Energy (Asia EDGE) initiative that would improve access to affordable, secu
Posted Date :  28-10-20

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Singapore: Saudi Arabia’s energy minister said on Monday the world should be looking at all options to mitigate emissions of greenhouse gases in its fight against climate change, but that getting rid of oil and gas would be “far-fetched and unrealistic”. “Let’s
Posted Date :  26-10-20

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Tripoli: Libya's National Oil Corporation announced Friday the resumption of oil exports from two key terminals in the east of the conflict-strewn country, as rival administrations struck a ceasefire deal.   "Force majeure is being lifted from Ras Lanuf and Al-Sidra starting
Posted Date :  24-10-20

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Swedish steelmaker SSAB AB is exploring a combination with Tata Steel’s European business as a back-up plan to a deal with Thyssenkrupp AG amid industry consolidation, according to people familiar with the matter.   SSAB is holding preliminary talks with Tata Steel of India as
Posted Date :  24-10-20

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Singapore: In mid-October, the International Energy Agency’s 2020 Global Energy Review showed that while global energy demand declined by 3.8% in the first quarter of 2020, global coal demand was hit the hardest, falling by almost 8%, when compared with the same period in 2019.  
Posted Date :  23-10-20

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SINGAPORE: Singapore’s residual fuel oil inventories slipped by 1.4% to a two-week low in the week ended Oct. 21 amid limited net import volumes and a jump in unusual exports to Saudi Arabia, official data showed on Thursday. The lower stockpiles, which snapped five straight weeks of i
Posted Date :  22-10-20

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WARSAW: Poland will ask the European Commission to approve state aid for the construction of a nuclear power station, the minister responsible for energy infrastructure said on Thursday.   “It is impossible these days to build a nuclear power plan without state support,”
Posted Date :  22-10-20

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DUBAI, United Arab Emirates: A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it’s not another skyscraper to grace the futuristic sheikhdom. Instead, it’s one of mankind’s oldest power sources gaining its own space on the o
Posted Date :  22-10-20

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Israel: Israeli state-owned company Europe Asia Pipeline Company (EAPC) and MED-RED Land Bridge (MRLB), a joint venture between Petromal – an integrated oil and gas company based in Abu Dhabi – and other Israeli companies, have signed a binding MoU for energy collaboration.  
Posted Date :  21-10-20

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Brussels: The European Union has begun an anti-dumping investigation into imports from China of steel towers used for wind turbines, the EU official journal said on Wednesday.   The investigation follows a complaint by the European Wind Tower Association, which says the volumes and l
Posted Date :  21-10-20

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South Korea: South Korea’s majority state-owned utility KEPCO plans to cancel or convert to LNG two remaining overseas coal power projects in its pipeline, which includes the 630MW Thabametsi plant in South Africa and the 1,000MW Sual 2 project in the Philippines.   According t
Posted Date :  21-10-20

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Melbourne/Singapore: Oil prices were little changed on Tuesday, steadying after three days of declines due to worries that a resurgence of coronavirus cases globally is stifling a recovery in fuel demand, while growing output from Libya adds to plentiful supply. Brent crude futures were trading d
Posted Date :  20-10-20

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Warsaw: Poland is opening a field hospital at Warsaw’s landmark national stadium and will bring in the army to handle drive-through coronavirus testing facilities amid a surge in new infections that threatens to overwhelm the healthcare system. Officials said the Law and Justice (PiS)
Posted Date :  19-10-20

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London/Brussels: Britain and the European Union said on Monday the door was still open to a deal, calling on each other to compromise to find a way to protect billions of dollars of trade between the neighbours. With just over two months before Britain ends a status-quo transition arran
Posted Date :  19-10-20

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Moscow: The Russian Direct Investment Fund (RDIF) and Dr. Reddy’s Laboratories Ltd have received renewed approval to conduct late-stage clinical trials in India of the Russian COVID-19 vaccine, the sovereign wealth fund said on Saturday.   Large-scale trials of the Sputnik
Posted Date :  17-10-20

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Posted Date :  13-10-20

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The British’s SSE plc (formerly Scottish and Southern Energy plc) an energy company headquartered in Perth, Scotland on Tuesday agreed to sell its 50% stake in West Yorkshire-based Ferrybridge and Skelton Grange assets for 995 million pounds ($1.30 billion) in cash, as part of its strategy to d
Posted Date :  13-10-20

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Posted Date :  12-10-20

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