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HomeInternational News

International News

Ofgem
Energy Crisis

Ofgem’s proposed change to energy licence not going ahead

September 5, 2024 Mariel Alumit

Ofgem has decided not to move forward with the proposed modification to the Generation Licence, which aimed to add a new section for assets dedicated to network service provision. This decision follows a review of […]

heat pump
Energy Transition

Jobs at risk as heat pump demand drops at Scottish factory

September 5, 2024 Mariel Alumit

A decline in demand could lead to 440 job losses at Mitsubishi Electric’s Livingston plant, according to local MP Gregor Poynton. The plant, which has operated in West Lothian for three decades, employs around 1,600 […]

BRICS

Facts & Speculation About The State Of Russo-Indo Financial Ties

September 4, 2024 Stu Turley

The financial dimension of the Russian-Indian Strategic Partnership is qualitatively evolving as a result of the fast-moving multipolar processes that were unleashed across the world by the Ukrainian Conflict. Russia and India are decades-long strategic […]

Rare Metals
Critical Minerals

Rare Metals Prices Surge As China Restricts Exports

September 4, 2024 Mariel Alumit

China has restricted exports of key rare metals like antimony, causing prices to surge; antimony prices have reached record highs of over $25,000 per tonne. Antimony is vital for military, automotive, and solar applications, with […]

Oil Exporters
Crude Oil News

The World’s 3 Biggest Oil Exporters Saw Shipments Slump in August

September 4, 2024 Mariel Alumit

The combined crude oil exports from Saudi Arabia, Russia, and the United States fell by nearly 700,000 barrels per day in August. The decline was primarily driven by a drop in U.S. exports, followed by […]

Crude Oil News

OPEC+ Close to Delaying Oil Supply Increase, Delegates Say

September 4, 2024 Stu Turley

Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […]

Australia Pacific LNG
International News

Australia Pacific LNG inks new domestic gas deals

September 4, 2024 Mariel Alumit

Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed new domestic gas sale agreements. According to a statement by APLNG issued on Wednesday, the customers […]

North America’s LNG export capacity
Exports

EIA: North America’s LNG export capacity to more than double by 2028

September 4, 2024 Mariel Alumit

North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, according to the US Energy Information Administration. The LNG export capacity will rise from 11.4 billion […]

First Gen
International News

First Gen seeks LNG cargo for October delivery

September 4, 2024 Mariel Alumit

The firm controlled by the Lopez family said it seeks to procure a single cargo of LNG via its unit First Gen Singapore on a delivered ex-ship (DES) basis, to be utilized by FGEN’s existing […]

Santos
International News

Santos to supply 19 LNG cargoes to Glencore

September 4, 2024 Mariel Alumit

According to a statement by Santos, the contract is for up to 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. Santos will deliver the LNG supplies to […]

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