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Energy News
January 20, 2021
Russia, Saudi Arabia to discuss oil market issues
Russia's foreign minister on Wednesday hosts his Saudi counterpart to discuss, among other things, stability in the global oil market, state media reported.
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China pushes wind energy efforts further offshore
After tapping all of its near-shore capacity for wind, Norwegian certification body DNV GL said it would help China develop additional power resources offshore.
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Oil prices supported by strong U.S. GDP
Crude oil prices staged a rally in early Wednesday trading as strong U.S. economic figures balanced against a build in national oil and gas inventories.
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Equinor identifies Brazil as a core area of focus
After expressing concern about the long-term future offshore Norway, energy major Equinor said Wednesday that Brazil's energy sector was now a core area.
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Conflict rocks OPEC member Libya
Political actors in Libya, a member of the Organization of Petroleum Exporting Countries, shouldn't settle scores through violence, the U.N. mission stated.
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California takes another green step forward
California legislators scored a win against the Trump administration by passing one of the nation's most ambitious clean energy bills, an advocacy group said.
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Iraq short on spare gas and diesel supplies
The federal Iraqi government can't distribute oil products to the Kurdish north of Iraq because it can barely satisfy its own demand, a ministry official said.
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Daniel J. Graeber covers the oil and energy industry for UPI.
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