Page 9 - Energy Sector

Oil prices increase for fourth day amid energy crunch

Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT

Energy crisis sets stage for record global carbon dioxide emissions

The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius

Surging oil prices lift material, energy stocks on Wall Street

US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98

India set to hit 450 GW renewable energy installed capacity by 2030: MNRE

Earlier this month, the MNRE in partnership with FICCI, organised a series of events, from October 6-8 during the Climate and Biodiversity Week at Expo 2020 Dubai.

Power ministry mandates energy accounting for discoms to curb power losses

Energy accounting reports will provide detailed information about electricity consumption by various categories of consumers and the transmission and distribution losses in various areas.

Indian Oil defers maintenance shutdown of units at Haldia: Report

Haldia refinery has two crude and vacuum distillation units.

Crude jumps on global energy crunch; US oil at 7-year high

Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a revival of economic activity

Reliance to transform energy business, says Morgan Stanley

Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy

China relaxes coal mine safety norms on deepening energy crisis

A shortage of coal heading into winter has sent prices in China and around the world surging to record levels

China orders top energy companies to secure supplies at all costs

The order came directly from Vice Premier Han Zheng, who supervises the nation's energy sector and industrial production, and was delivered during an emergency meeting earlier this week

Economic recovery hampered as inflation hits new highs in US, Europe

Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies

Asian LNG prices surge to record high this week as winter starts

The average LNG price for November delivery into Northeast Asia was estimated at about $32 per metric million British thermal units (mmBtu)

Global energy crunch: China expands power curbs to 20 provinces

At least 20 Chinese provinces and regions making up more than 66 per cent of the country's gross domestic product have announced some form of power cuts, mostly targeted at heavy industrial users

Oil will be world's No. 1 energy source for decades, says OPEC

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries

Pakistan's dependence on natural gas is turning into a nightmare

Pakistan does get more than half its LNG under long-term contracts, which provides some protection against the volatile spot market

Global energy crunch: Oil prices soar above $80 for first time in 3 years

Natural gas and coal prices rally to record peaks as traders brace for winter crunch

China energy crunch triggers shutdowns, pleas for more coal

For the second straight day, the main state grid operator sought to reassure customers, saying it would work to guarantee coal supply

Europe's energy crisis is coming for the rest of the world, too

Millions around the globe will feel the impact of soaring natural gas prices this winter

Europe's energy woes hit fertilizers in another threat to food

Higher costs of the key farming input risk further exacerbating global food inflation at a time when hunger is on the rise.

Energy, financials help Wall Street rise from bruising week; Dow up 270 pts

Biden corporate tax hike in focus; S&P energy sector jumps 3.3%