The Maharashtra Electricity Regulatory Commission (MERC) has approved the requests of a petition filed by the Maharashtra State Power Generation Corporation Limited’s (MSPGCL) for two solar power projects of 150 MW and 102 MW capacity.
In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July.
Saudi Kayan Petrochemical has cut feedstock supply to its plants by an estimated 50% following the attacks on Saudi Arabia’s key oil infrastructure on Saturday.
Crude prices surged following an attack on Saudi Arabia’s oil infrastructure and announcement from President Trump that he has authorized the release of oil from the Strategic Petroleum Reserve.
America and Saudi Arabia may feel compelled to retaliate against Iran
The massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has global ramifications, particularly for countries in Asia.
Saudi’s Yanbu National Petrochemical Company, Yansab, has cut feedstock supply by approximately 30% to its petrochemical units since Saturday due to drone attacks on its oil fields.
Hours earlier a senior U.S. official said there was evidence that Iran was behind the attack which has caused oil prices to surge more than 15 percent
Saudi Arabia’s National Industrialization Company, or Tasnee, has announced a curtailment of feedstock to petrochemical affiliates in varying proportions by an average of 41% due to the attacks on key Saudi Aramco facilities on Saturday, the company said on its website.
U.S. President Donald Trump said on Sunday the United States was “locked and loaded” for a potential response to the attack on Saudi Arabia’s oil facilities, after a senior U.S. administration official said Iran was to blame.
- Trump says U.S. 'locked and loaded' for potential response to Saudi oil attack (Reuters: Sep 16, 2019 at 12:57 AM)
- Trump says US 'locked and loaded' after attacks on Saudi oil sites (France 24: Sep 16, 2019 at 1:47 AM)