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...Germany and the U.S. have agreed a deal on the controversial Russian gas pipeline, Nord Stream 2, into Europe which might finally end the harmful trade sanctions that have damaged relations between the U.S. and the European Union (EU) in recent years....
...Steel producer Cleveland-Cliffs Incorporated (NYSE: CLF) (Cleveland, Ohio) weathered a drop in demand from automakers during the just-ended second quarter but still managed to turn a record profit...
...The drive for renewable energy in the U.S. and Canada seems to be firmly in place; however, this sector is still developing and can't provide a reliable source of baseload power at this time....
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...In June, China's output of natural gas reached 17.2 billion cubic meters, an increase of 13.1% year over year, or 25.9% over the same period in 2019....
...CRI, or Carbon Recycling International, was the first and, to date, the only company to produce methanol at industrial scale from carbon dioxide (CO2)....
...China's cosmetics market was valued at about $30.6 billion in 2020 and is expected to reach $35.23 billion in 2021...
... Shell Chemical's approximately 1.95 billion-pound-per-year OL-5 Ethylene unit in Norco, Lousiana, has been operating at reduced rates since May 2021 after a partial restart from a planned turnaround....
...As it acts to shrink its carbon footprint, Evergy Incorporated (NYSE:EVRG) is significantly increasing its planned capital expenditures (capex), particularly for transmission and distribution...
...The effects of COVID-19 on the global Pharmaceutical-Biotech Industry have been dramatic and seem here to stay (or at least last for an extended period of time)....
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...India is working toward its ambitious target to add 175 gigawatts (GW) of renewable energy to its power mix by 2022. Renewable sources currently contribute 97 GW to its total installed base...
...In June, China's output of crude oil totaled 16.67 million metric tons, a 2.8% increase from June 2020 and a 3.5% increase from June 2019...
...Deer Park Refining, on July 19, restarted the 67,000-barrel-per-day (BBL/d) SHCU (Hydrocracker) and 70,000-BBL/d Fluid Catalytic Cracking Unit (FCCU) at its 340,000-BBL/d refinery in Deer Park, Texas, after shutting them down on July 16.
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...The U.S. North American natural gas midstream sector is emerging from survival mode in the wake of the COVID-19 pandemic, but still faces some headwinds....
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) reported record financial and operational results in the second quarter as a result of strong steel demand and high product prices....
...One of Europe's leading financial lending institutions, the European Bank for Reconstruction and Development (EBRD), is to stop investing in upstream oil and gas projects in the coming year....
...On June 8, the Brazilian electricity regulatory agency, ANEEL, held the first power purchase agreement (PPA) auctions since their cancellation in early 2020 because of the COVID-19 pandemic....
...Urea production plants in India have until 2025 to meet a mandate to use natural gas as their feedstock....
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