Industrial feed stock
Petrochemicals are one of the largest drivers of global oil demand and demand for petchems feedstock and industrial fuels will continue to gather pace as economic activity recovers from the COVID-19 pandemic.
Climate change and sustainability
Prior to COVID-19, few people would have found an obvious practical connection between a pandemic and climate change. But with hindsight, the connections are manifold – as discussed below, some are obvious, some more subtle, while others are still playing out.
The energy market in a global pandemic
Long-term participants in the energy sector have weathered significant fluctuations in oil and gas prices in the past, most recently during the 2014/2015 oil price crash. However, the current circumstances are unprecedented.
New policy in Mexico puts dagger in private sector participation in the electricity sector
The SENER changed the operating rules for the Mexican power grid on May 16 to the detriment of private power producers, in particular wind and solar power projects.
Mexican Competition Commission criticizes actions against wind and solar projects
The Comisión Federal de Competencia Económica issued an opinion on May 7 harshly criticizing measures taken by Mexico’s independent system operator, CENACE, against wind and solar projects that are close to reaching commercial operation.
Mexican ISO prevents wind and solar projects from reaching commercial operation
The Mexican ISO, CENACE, has suspended all pre-operative tests for wind and solar power plants to preserve the safety and reliability during the COVID-19 pandemic.