OPEC+ Gets Oil Price to its Sweet Spot, the Trick is Keeping it There

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, Tri-Pinned / By

Reuters) – There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. OPEC+’s ministerial committee on Wednesday kept the current output targets but did note that some countries had been over-producing and had undertaken to …

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Biden Administration Awards $20 Bln for Clean Energy Investment in Low-Income Communities

Latest, Renewable Energy, Solar, US News / By

(Reuters) – Vice President Kamala Harris and Environmental Protection Agency Administrator (EPA) Michael Regan on Thursday announced eight organizations that will oversee the spending of $20 billion in grants to fund tens of thousands of clean energy and transportation projects in disadvantaged communities across the United States. The $20 billion, made available through the $27 …

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U.S. Has Not Asked India to Cut Russian Oil Purchases, American Official Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said on Thursday. India has emerged as one of the top buyers of Russian sea-borne …

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U.S. Sanctions Hamper Russian Efforts to Repair Refineries

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

Summary Lukoil refinery struggles to repair gasoline unit U.S. firm UOP says not helping Lukoil All Russian refineries use Western technology, software Ukrainian drones damage dozens of Russian plants (Reuters) – When engineers at Russian oil firm Lukoil  discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem …

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