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Opec leaves demand outlook unchanged amid signs of economic recovery


The Americas region of the OECD bloc, led by the US, will be the largest contributor to oil demand growth this year as the world s biggest economy continues to recover from the pandemic, Opec said.
Its growth will be supported by rebounding transportation fuels, mainly gasoline and healthy light- and middle-distillate requirements , the group said.
In spite of the growth, oil demand growth in the region is not expected to fully recover to pre-pandemic levels.
Demand in the non-OECD region is expected to rise by 3.3 million bpd, with China taking the lead. India, which is in the grips of a debilitating second wave of the pandemic, will follow in terms of growth. ....

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Wind could help green hydrogen achieve cost parity with fossil fuels, Siemens Gamesa says


Globally, the size of the hydrogen industry is expected to hit $183 billion by 2023, up from $129bn in 2017, according to Fitch Solutions. The green variant of the fuel is produced entirely from renewable sources.
Green hydrogen produced from renewable sources could cost less than natural gas by 2050, as the cost of solar power continues to decline, according to research by BloombergNEF.
The cost of green hydrogen, which is considered expensive to produce today, should decline by up to 85 per cent by 2050 and could fall below $1 per kilogram or $7.40 per one million British thermal units by 2050 in most markets, according to its research. ....

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Ukraine loses about 20% of NEFCO investments due to bureaucracy in implementation of energy efficiency projects

NEFCO (Nordic Environment Finance Corporation) over the past three years canceled energy efficiency projects in 18 Ukrainian cities due to bureaucratic obstacles, which is approximately 20% of the organization's investments, and losses from unrealized projects are estimated at about EUR 35 million, Chief Investment Advisor at NEFCO in Ukraine Yulia Shevchuk said during the 12th European-Ukrainian Energy Day. ....

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