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Home2024November

Month: November 2024

China
Crude Oil News

What’s driving decreasing gasoline consumption in China?

November 29, 2024 Clark Savage

Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]

Ukraine
Geopolitical

EU can’t replace US aid to Ukraine – Bloomberg

November 29, 2024 Clark Savage

Kiev’s Western European backers still hope to keep it on life support should Trump end funding, a report claims Washington’s allies in Europe will not be able to keep Ukraine’s military supplied if US President-elect […]

fossil fuel
Crude Oil News

UK fossil fuel generation hits all time low

November 29, 2024 Clark Savage

Fossil fuel electricity generation in the UK hit a record low in August 2024, averaging below 5 GW. This milestone coincided with the closure of Ratcliffe-on-Soar power station, marking the UK’s complete phase-out of coal […]

Jera
Electrical Generation / Utilities

Jera nears decision to build two LNG units at Chita power plant

November 29, 2024 Clark Savage

Jera’s president and CEO, Hisahide Okuda, said during a press conference held on Wednesday that plans are underway for the development and construction of units 7 and 8 at the Chita thermal power plant. He […]

Public EV charging
Electric Vehicles

Public EV charging ten times more expensive

November 29, 2024 Clark Savage

Public EV charging costs remain stubbornly high despite a significant drop in wholesale electricity prices, according to the RAC. The RAC’s Charge Watch data shows that the average cost of using rapid chargers (50-149 kW) […]

Atlantic LNG shipping rates
Exports

Atlantic LNG shipping rates remain below $20,000 per day

November 29, 2024 Clark Savage

Last week, Atlantic LNG shipping rates slid to a record low, reaching just $15,500 per day. “Spark30S Atlantic rate has increased by $2,000 per day to $17,500 per day compared to last week’s price, although […]

Labour
Climate Crisis

Labour Has Let Slip The True Cost Of Net Zero—It’s Staggering

November 29, 2024 Clark Savage

Labour is admitting net-zero will force drastic life changes as UK’s green push hikes costs, guts industry, and exposes delusions of cheap, secure renewables. ​ Les jeux sont faits, Ed Miliband. The chips are down, […]

LNG production
Exports

Russian LNG production rises

November 28, 2024 Clark Savage

Rosstat’s data show that the country’s LNG terminals produced about 28.4 million mt during January-October. This is up by 6.8 percent compared to 26.6 million mt during the same period last year. Last month, LNG […]

Coal

Coal’s Share of Electricity Generation in China Dips Despite High Demand

November 28, 2024 Clark Savage

China’s share of coal power generation dipped below 60% for the first 10 months of 2024, but total coal power usage reached an all-time high. This decrease is likely due to increased hydropower and gas […]

BRICS

Empowering Africa: Navigating Energy Independence and Economic Growth

November 28, 2024 Clark Savage

In the Energy News Beat – Conversation in Energy with Stuart Turley, talks with NJ Ayuk, Executive Director of the African Energy Chamber, and Dr. Robert Brooks, Founder of RBAC, about Africa’s journey towards energy […]

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