Oil Prices,Energy Newstrack to 25/03/2021

400m long container ship Ever Given, remains stuck sideways in the narrowest path of the suez canal, leaving other ships and tankers—both north- and south-bound—unable to pass. The top three exporters of crude oil and oil products shipping via the Suez Canal reportedly are Russia with 546,000 barrels per day (bpd), Saudi Arabia with 410,000 bpd, and Iraq with 400,000 bpd

Commodity PricesUnitsPrice $Change
Crude Oil (WTI)USD/bbl59.86Down
Crude Oil (Brent)USD/bbl63.27Down
Bonny LightUSD/bbl62.58Up
Natural GasUSD/MMBtu2.51Up
OPEC basket 24/03/21USD/bbl61.61Down
At press time 25 March, 2021

As many as 10 crude tankers carrying around 13 million barrels of oil could be affected by the disrupted traffic in the Suez Canal, which was blocked early on Wednesday when a huge container ship ran aground, oil analytics firm Vortexa said. The top three exporters of crude oil and oil products via the Suez Canal so far in 2021 were Russia with 546,000 barrels per day (bpd), Saudi Arabia with 410,000 bpd, and Iraq with 400,000 bpd

Suez Canal blocked: What the mishap in one of the busiest shipping lanes means for the world As tankers queued in the Red Sea and the Mediterranean waiting to hear when and if they might pass through, oil prices rose on markets uncertain about how long they might be delayed.

Grounded Suez Canal mega-ship could be stuck for WEEKS It’s blocking shipments worth $9.5BILLION per day

Listing prospectus for Neste Oyj’s EUR 500 million green bond available; listing application submitted The green bond is issued under Neste’s Green Finance Framework, published in March 2021. According to the Green Finance Framework, proceeds will be used to finance for example the development, operations, maintenance and expansion of renewable and circular solutions to reduce greenhouse gas emissions.

Holographic film to protect solar panels from overheating Russian scientists have developed a holographic film based on prismatic concentrators that reduces the operating temperature of solar panels, including thermal-photovoltaic devices. They claim the patented, low-cost technique can even improve PV module efficiency in cloudy weather.

Gazprom reduces greenhouse gas emissions Gazprom and Gazprom Neft rank first among Russian oil and gas companies according to the international climate rating compiled by CDP. Reduction of methane emissions across the entire production chain has been a key focus of Gazprom’s attention.

Gazprom expanding its mineral and raw material base, primarily through geological exploration. The bulk of geological exploration carried out by the Company takes place near the Yamal Peninsula, in the east of Russia, and on the continental shelf.

Nel ASA: Signs MoU with Haldor Topsoe for delivery of end-to-end green ammonia and methanol solutions Under the MoU, Nel will bring extensive experience within alkaline and PEM electrolysis technology and proprietary hardware, as well as system engineering for the hydrogen production. Haldor Topsoe will supply engineering, proprietary hardware, catalyst and technical service for its ammonia and methanol technologies.

Bike Tires That Need No Air Are Made From NASA Rover Tech –But Soon Will Be Available to Any Cyclist Made in gold, silver, and metallic blue, METL tires are made from advanced, lightweight materials known as NiTinol+.

Baker Hughes Rig Count to 25th March 2021

RegionPeriodNo. of RigsChange
U.S.A19th Mar. 2021411+9
Canada19th Mar. 202192-24
InternationalFeb.2021701No Change

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