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COVID-19 - News digest as of 13.04.2021

April 13/2021

1. US energy-related CO2 emissions down 11% in 2020 mainly due to COVID-19 pandemic

MOSCOW (MRC) -- Based on data in EIAs Monthly Energy Review, energy-related carbon dioxide (CO2) emissions dropped by 11% in the United States in 2020 primarily because of the effects of the COVID-19 pandemic and related restrictions, according to Hydrocarbonprocessing. US energy-related CO2 emissions fell in every end-use sector for the first time since 2012. Within the US power sector, emissions from coal declined the most, at 19%. Natural gas-related CO2 rose by 3%. In 2020, as fossil fuel generation declined, generation from renewables continued to grow. Generation from wind and solar together increased by 17% in 2020.

2. ExxonMobil may permanently shut its oil refinery in Norway

MOSCOW (MRC) -- ExxonMobil, the US energy major, is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, reported Reuters with reference to the company's statement. The refinery at Slagentangen near Toensberg in south-east Norway was built in 1961 and process crude oil from the North Sea, exporting about 60% of the output, according to Exxon.

3. Crude futures mainly steady as COVID-19 concerns counter signs of economic recovery

MOSCOW (MRC) -- Crude oil futures were steady to slightly higher in mid-morning trade in Asia April 12 as optimism over an accelerated vaccination drive in Europe and an economic recovery in the US were countered by continuing concerns that any resurgence in coronavirus infections could abruptly curtail demand, reported S&P Global. At 11:52 am Singapore time (0352 GMT), the ICE Brent June contract was up 4 cents/b (0.06%) from the April 9 settle at USD62.99/b, while the May NYMEX light sweet crude contract was 4 cents/b (0.07%) higher at USD59.36/b. "The market started the week on a positive note after a tug of war between those feeling optimistic over the US economic recovery and those despairing over the pandemic progression in Europe left Brent stuck around the USD63/b mark last week," Vandana Hari, CEO of Vanda Insights, told S&P Global Platts on April 12.
Author:Margaret Volkova
Tags:Europe, crude and gaz condensate, petrochemistry, Exxon Mobil, COVID-19, Norway, USA.
Category:General News
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