Dutch vehicles are increasingly running on waste, especially on cooking oil NOW

Last year, 40 percent more renewable energy was supplied to the Dutch transport sector than the previous year. This means that the Netherlands is ahead of the way to achieve the European climate targets, the Dutch Emission Authority (NEa) said in a report on Monday.

In 2019, Dutch energy suppliers supplied 58 million gigajoules of renewable energy to the transport sector, compared to 42 million gigajoules a year earlier. The share of total energy consumption has risen to 12.7 percent, slightly above the European standard of 12.5 percent.

The Netherlands has set itself the goal of using waste materials more often and less food crops for this renewable energy, because it is the cleanest. According to the report, this was successful: the share of waste was higher for the first time last year.

The waste from which most biofuel is made is used cooking oil. More than 60 percent of the biofuel supplied to the Dutch transport sector now comes from there.

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The role of Russia in the price anomaly in the oil market is revealed

Traditionally, the Russian Urals variety was several dollars behind the price of the Brent reference brand. But at the end of June the situation changed dramatically. The reason for the excess of Russian grade quotes over the value of the Brent reference brand is determined by three main factors. First, Russia, by agreement with OPEC +, significantly reduced the production of liquid hydrocarbons and brought production to a minimum since 2002. As a result, a deficit of high-sulfur raw materials was formed on the world energy market, so its cost began to increase sharply. Secondly, in connection with the new American sanctions against Venezuela, which hold almost two dozen tankers from this country at sea and do not allow delivering more than 18 million barrels of “black gold” to consumers, many importers increased fuel purchases from Russia, which provided an additional incentive for its rise in price. Thirdly, American shale producers, due to falling demand caused by the coronavirus pandemic, have reduced production by 2 million barrels per day since March and filled black gold storages to capacity. As a result, the cost of the Russian Urals variety exceeded $ 43; North Sea Brent quotes remained in the region of $ 40–41.

On the one hand, high prices for their own raw materials give Russia some advantage over other participants in the oil market, on which the rule applies: it is better to sell one barrel for $ 50 than two for $ 25. On the other hand, by reducing exports, our country is losing its position in the global black gold market. According to Reuters experts, the growth of Urals quotes is forcing owners of European refineries to reduce the purchase of Russian hydrocarbons in favor of alternative counterparts, including Brent or the American brand WTI, which are now competing in cost. If earlier traditional Urals buyers have repeatedly experienced a sharp rise in price for the Russian variety and tried to wait out the high prices, now it is more profitable for them to reconfigure the equipment for light fractions of “black gold” and save on future purchases of raw materials.

According to financial analyst of Finam Group of Companies Sergey Drozdov, at present the price situation of “black gold” is at a crossroads. On the one hand, as quarantine measures are lifted in the world, industry and transportation will come to life – therefore, demand for “black gold” will increase. On the other hand, many expect a second wave of coronavirus to hit, which again could plunge the economy into suspended animation. Accordingly, the prerequisites for the growth of Urals oil quotes depend on which scenario is being implemented.

However, it is not worth counting on the fact that in the future the price of Urals will please with prices exceeding world analogues. “Brent is a benchmark grade of quality oil that has been traded on the London Stock Exchange since the mid-1970s. The system of price coordinates is counted from it. Historically, the cost of Russian brands has always been 5-10% lower, ”explains the head of the Alpari IAC Alexander Razuvaev.

A decrease in production by US companies could have a positive effect on Urals – according to the US Department of Energy, a record reduction in the number of operating drilling rigs observed over the past four months threatens with a loss of up to a third of shale production, due to which Washington is trying to gain a leading position in world oil production. More than 15 largest raw material holdings of the country have reduced their budgets for the development of new deposits by an average of 50%. In the next two years, the United States expects an inevitable decline in production.

“Brent quotes before the end of the year can exceed the level of $ 50, although the cost of Urals will be slightly lower. The budget deficit in our country, calculated on the basis of oil prices in the region of $ 41–43, will be leveled. However, it will not be possible to completely avoid the loss of Russian GDP, which is estimated at 5-10%, ”Drozdov warns.

See also: Analysts predicted a rise in property prices after the second wave of coronavirus

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BP sells petrochemical business for $ 5 billion NOW

British oil and gas company BP sells its worldwide petrochemical activities for 5 billion dollars (more than 4.4 billion euros) to the also British chemical company INEOS. BP announced this on Monday.

According to BP, the divestment of the petrochemical activities is part of the strategic plan to reinvent the company. With the sale of this branch, the company is one year ahead of its self-imposed schedule.

INEOS will initially pay $ 400 million and another $ 3.6 billion when the acquisition is complete. Payment of the remaining $ 1 billion will follow later, in three separate payments. 100 million will be transferred in March, April and May 2021 and the final $ 700 million will be settled in late June 2021.

The BP refinery in Rotterdam is not part of the sale, the one in Geel, Belgium, is.

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BP sells petrochemical business for $ 5 billion NOW

British oil and gas company BP sells its worldwide petrochemical activities for 5 billion dollars (more than 4.4 billion euros) to the also British chemical company INEOS. BP announced this on Monday.

According to BP, the divestment of the petrochemical activities is part of the strategic plan to reinvent the company. With the sale of this branch, the company is one year ahead of its self-imposed schedule.

INEOS will initially pay $ 400 million and another $ 3.6 billion when the acquisition is complete. Payment of the remaining $ 1 billion will follow later, in three separate payments. 100 million will be transferred in March, April and May 2021 and the last $ 700 million will be settled at the end of June 2021.

The BP refinery in Rotterdam is not part of the sale, the one in Geel, Belgium, is.

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THE BALL – Africa with 12,140 more positive cases in 24 hours (Africa)

According to the African Union’s Disease Control and Prevention Center (Africa CDC), the number of people infected in Africa is 371,548, plus 12,140 cases in the last 24 hours, with an additional 201 deaths, bringing the total number to 9,484, It should be noted that another 5,350 people were recovered (totaling 178,407).

Southern Africa has the highest number of cases: 137,028 and counts 2,477 deaths, while North Africa leads in the number of deaths: 4,007 in 94,388 cases. West Africa accounts for 1,248 deaths out of 71,969 infected, East Africa reports 1,041 fatalities in 35,249 cases, while in Central Africa there are 711 deaths in 32,914 infections.

Egypt, the African country with the most fatalities, accounts for 2,708 deaths and 63,923 positive cases, followed by South Africa and Algeria, with 892 fatalities and 12,968 infected. Nigeria has 558 dead and 24,077 infected, and Sudan 572 deaths in 9,257 positive cases.

As for the Portuguese-speaking African countries, Guinea-Bissau has more infections: 1,614 and 21 fatalities. Cape Verde has 1,091 infections and 12 deaths, while Mozambique counts 839 infected patients and five dead (no changes in the last 24 hours).

São Tomé and Príncipe accounts for 713 cases and 13 deaths and Angola has 259 confirmed cases of covid-19 and 10 deaths.

Equatorial Guinea, which is part of the Community of Portuguese Speaking Countries (CPLP), has 2,001 cases and keeps 32 dead.

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China forces Uighur birth control to suppress population

UAn Associated Press investigation revealed a systematic practice to reduce birth rates among Muslim Chinese, after women uighurs denounced forced birth control.

The agency analyzed statistics and official documents and conducted interviews with 30 ex-detainees and a former instructor in a field of indoctrination in Xinjiang, in the extreme northwest of the country.

China is accused of holding about one million detainees uighurs in centers of political indoctrination in Xinjiang. Experts consider the campaign for the past four years to be a “demographic genocide”.

The State regularly submits minority women ethnic pregnancy tests and strength devices intrauterine (IUD), sterilizations and even abortions in hundreds of thousands, according to the AP.

Gulnar Omirzakh, an Kazakh born in China and the wife of a detained vegetable trader, she said she was forced to have an IUD after having her third child.

Two years later, in janeiro From 2018, four officers in military camouflage knocked on his door and gave him three days to pay a fine equivalent to 2,390 euros for having more than two children, otherwise he would also be detained in indoctrination camps.

Omirzakh ended up fleeing to the Kazakhstan.

“They want to destroy us as a people,” he accused, quoted by the AP.

According to official data, between 2015 and 2018, birth rates in the cities of Hotan e Kashgar, mainly used by uighurs, fell by more than 60%.

Xinjiang in recent years it has become one of the regions of China with the lowest population growth, when before it was one of those that registered the highest growth, according to the AP.

Beijing said earlier that the new measures are merely fair, allowing minorities ethnic have the same number of children as couples have.

Under the policy, however abandoned, of “a couple, a son”, the authorities forced the use of contraceptives, sterilization and abortions, but allowed minorities to have two children or three, if they were from a rural environment.

That changed with President Xi Jinping, China’s most authoritative leader in decades. Soon after his rise to power, the Government began to allow Han Chinese to Xinjiang had two or three children, as well as minorities.

In practice, however, the Chinese have are largely spared from abortions, sterilizations, or IUD insertions.

Fifteen uighurs e Kazakhs they told the AP that they knew people hospitalized or imprisoned for having many children, some were sentenced to decades in prison.

A former detainee, Tursunay Ziyawudun, said he received injections until you stop menstruate and was repeatedly beaten on the lower stomach during interrogations.

Ziyawudun said that women in the camp where she was held were required to have gynecology exams and get an IUD.

In 2014, just over 200,000 IUDs were inserted in Xinjiang. In 2018, that number rose more than 60%, to almost 330,000 IUDs. At the same time, the use of that device has dropped sharply in other parts of China as many women have started to removethe.

Chinese health statistics also show a rapid increase in sterilizations in Xinjiang.

Although sterilization rates have dropped in the rest of the country, they have gone up seven times in Xinjiang, between 2016 and 2018, for more than 60,000 procedures.

Although the program to adopt strategies of the one-child policy, the campaign taking place in Xinjiang differs by being ethnically directed.

“The intention may not be to completely eliminate the population uigur, but dramatically decrease its vitality, facilitating assimilation, “said Darren Byler, expert uighurs of the University of Colorado.

Some experts have a more drastic opinion.

“It’s genocide, full stop,” said the expert. uighurs Joanne Smith Finley, who works at Newcastle University in the UK.

“It is not immediate and shocking, like mass killing, but it is a slow and painful genocide,” he said.

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Brent crude prices fell to $ 40.18 per barrel

https://ria.ru/20200629/1573602977.html

Brent crude prices fell to $ 40.18 per barrel

Oil prices on Monday morning are falling significantly on concerns about the coronavirus and its impact on commodity demand, trading data show. RIA Novosti, 06/29/2020

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MOSCOW, Jun 29 – RIA News. Oil prices on Monday morning are falling significantly on concerns about the coronavirus and its impact on commodity demand, trading data show.

As of 7.48 Moscow time, the price of September futures for the North Sea Brent crude oil mixture fell by 1.88% to $ 40.18 per barrel. August futures for WTI crude oil fell 2.21% to $ 37.64 per barrel.

June 25, 08:00

The future of global energy lies in a fog of uncertainty

August futures for Brent crude oil meanwhile fell by 2% – up to $ 40.2 per barrel.

The number of cases of coronavirus worldwide continues to increase, forcing some countries to return quarantine restrictions. So, in the United States, the California authorities, following the authorities of Texas and Florida, ordered the bars to be closed in several districts of the state, including Los Angeles. Investors fear that new quarantine measures will again lead to lower demand for fuel.
Work of oil rigs - rocking chairs

June 24, 08:00

European analysts: “Russia will not save us from the crisis”

“The fears of the second wave are alive and well. It limits the bullish sentiment we’ve seen in the last six to eight weeks,” Howie Lee, an OCBC Bank economist, told Reuters. According to him, high oil reserves and the resumption of growth in US production also put pressure on quotes.

“In the next one to two weeks, we should see an increase in the number of drilling rigs commensurate with an increase in oil production,” Lee said.

.

Brent crude prices fell to $ 40.18 per barrel

https://ria.ru/20200629/1573602977.html

Brent crude prices fell to $ 40.18 per barrel

Oil prices on Monday morning are falling significantly on concerns about the coronavirus and its impact on commodity demand, trading data show. RIA Novosti, 06/29/2020

2020-06-29T08:40

2020-06-29T08:40

situation with exchange rates and oil prices

oil prices

brent

USA

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economy

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oil prices, brent, usa, oil, economy

MOSCOW, Jun 29 – RIA News. Oil prices on Monday morning are falling significantly on concerns about the coronavirus and its impact on commodity demand, trading data show.

As of 7.48 Moscow time, the price of September futures for the North Sea Brent crude oil mixture fell by 1.88% to $ 40.18 per barrel. August futures for WTI crude oil fell 2.21% to $ 37.64 per barrel.

June 25, 08:00

The future of global energy lies in a fog of uncertainty

August futures for Brent crude oil meanwhile fell by 2% – up to $ 40.2 per barrel.

The number of cases of coronavirus worldwide continues to increase, forcing some countries to return quarantine restrictions. So, in the United States, the California authorities, following the authorities of Texas and Florida, ordered the bars to be closed in several districts of the state, including Los Angeles. Investors fear that new quarantine measures will again lead to lower demand for fuel.
Work of oil rigs - rocking chairs

June 24, 08:00

European analysts: “Russia will not save us from the crisis”

“The fears of the second wave are alive and well. It limits the bullish sentiment we’ve seen in the last six to eight weeks,” Howie Lee, an OCBC Bank economist, told Reuters. According to him, high oil reserves and the resumption of growth in US production also put pressure on quotes.

“In the next one to two weeks, we should see an increase in the number of drilling rigs commensurate with an increase in oil production,” Lee said.

.

Northern Europe detects high levels of radioactivity and suspected Russian plant

The Nordic authorities announced on Saturday that this month they had detected slightly increased levels of radioactivity in northern Europe, with the Netherlands having advanced power due to the malfunctioning of a Russian nuclear power plant.

The possibility was, however, rejected by a spokesman for Russian nuclear energy operator Rosenergoatom, who assured, in statements to the Tass news agency, that no problems were reported.

The Leningrad plant, near St. Petersburg, and Kola, near the northern city of Murmansk, “are operating normally, with radiation levels within the norms,” ​​he added.

Finnish, Norwegian and Swedish nuclear security watchers said this week they had detected small amounts of radioactive isotopes that are harmless to humans and the environment in parts of Finland, southern Scandinavia and the Arctic.

The Swedish Radiological Safety Authority said on Tuesday that it was not possible for now to “confirm the source of the increased levels” or the origin of a cloud containing radioactive isotopes that would be over the skies in northern Europe.

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