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Energy

Oil prices extend gains to multi-year highs on tight supply

Energy · 7:02 AM UTC

Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.

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Talking Points

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Singapore seeks proposals to test renewable energy use for Jurong Island - minister

Singapore's Energy Market Authority (EMA) and JTC Corporation (JTC) will launch a S$6 million ($4.46 million) request for proposal to test renewable energy, energy storage systems and low carbon solutions on its Jurong Island, a minister said on Monday.

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LG Energy Solution names new chief executive

South Korea's LG Energy Solution (LGES) said on Monday it has named LG Corp Vice Chairman Kwon Young Soo as its new chief executive officer.

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Saudi Arabia wants to be top supplier of hydrogen - energy minister
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China's state planner urges coal firms to meet contractual obligations

China's state planner on Monday said it has urged coal companies to strictly perform their contractual obligations as it continues to take measures to boost supplies and steady soaring prices.

ICYMI

Justin Trudeau wants Canada’s oil producers to reduce emissions more quickly than they expected… Most OECD countries agreed to stop providing export credits for coal-fired power plants… And Israel is considering a new pipeline to increase natural-gas exports to Egypt 

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Sudan halts entry of fuel vessels into its waters to avoid fines, energy min tells Asharq TV

Sudan decided to halt the entry of vessels carrying fuel into its territorial waters to avoid incurring fines due to delays in offloading, Asharq TV channel cited the country's energy minister as saying on Sunday.

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China's state planner says will probe coal and energy price index providers
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Venezuela to increase subsidized gasoline price