Year: 2022

BP Looks To Restart The Midwest’s Largest Refinery

Admin

BP continues to work “with local and state agencies as we continue to monitor the impact” of the electrical fire, which saw no one injured. BP said it was “continuing to assess when a restart of the affected units can take place,” but did not elaborate on how much finished product had been affected. It also provided no date for restart. The Whiting refinery—the largest refinery in the Midwest—is capable of processing 440,000 barrels per day of crude oil.  The refinery is located in PADD 2—a region that is running…

Read More

Russia And Saudi Arabia Are Battling For Oil Market Share In Asia

Admin

After months of increased Russian crude oil and petroleum product volumes heading to Asian customers, mainly China and India, Russian oil is now facing stiff competition. The first signs of a potential reversal of Moscow’s luck in Asia are showing as media reports that Russian crude oil volumes to India have fallen for the first time since March (the start of the Russian invasion of Ukraine). Indian refiners are reported to have lifted more term supplies from Russia’s main rival, Saudi Arabia, as Aramco’s price setting strategy has made its…

Read More

German State Supports Balcony Solar Power Generation Via Rebate Program

Admin

The German state of Mecklenburg-Vorpommern has earmarked €10 million to support the deployment of solar modules with a power of up to 600 W on balconies, terraces, and facades. Under the program, each household is entitled to receive a rebate of up to €500 ($496). The small systems with an output of up to 600 W that we want to support do not require approval, they only have to be registered with the energy supplier,” the government said in a statement. “This can quickly bring savings when electricity prices rise.”…

Read More

Federal Energy Minister for removing bottlenecks to ensure early completion of Thar coal block one project

Admin

Federal Energy Minister, Engineer Khurrum Dastgir Khan visited the power generation company at the site of block one of Thar coal project.The Federal Minister reviewed the work on the boiler of the under-construction coal-based power plant.Later on, the Sino Sindh Resource (Private) Limited and Chairman of the generation company of the block one power plant briefed the Federal Minister about the ongoing development works at the site.Also present on the occasion were Joint Secretary of the Energy Ministry, Salman Qayyum, Managing-Director Private Power Infrastructure Board (PPIB) Shahjahan Mirza, Director-General Coal…

Read More

Oil rises on US response to Iran nuclear deal comments

Admin

Oil prices rose on Wednesday in volatile trading on concerns that the US will not consider additional concessions to Iran in its response to a draft agreement that would restore Tehran’s nuclear deal, and potentially the OPEC member’s crude exports. Iran said it had received a response from the US to the EU’s “final” text for revival of Tehran’s 2015 nuclear deal with major powers. Brent crude rose by 40 cents to $100.62 a barrel by 12:57 p.m. EDT (1447 GMT). US crude rose 56 cents to $94.30 a barrel.…

Read More