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HomeInternational News

International News

Coal
Climate Crisis

Net Zero? Govt Docs Show Coal Will Remain The ‘Backbone’ Of India’s Energy Mix

August 22, 2024 Mariel Alumit

A govt policy brief encourages a balanced response to climate change and criticizes policies that reduce emissions at the expense of India’s development. Most discussions of India’s annual budget are being dominated by the increased […]

Russian Oil
Crude Oil News

Kyiv Keeps Russian Oil in the Crosshairs

August 22, 2024 Mariel Alumit

The pinprick attacks boost morale, but they don’t much dent Moscow’s energy earnings. While Ukraine’s surprise combined-arms incursion into the Russian oblast of Kursk gets all the headlines, Kyiv continues to carry out a parallel, […]

Chinese steel
Finance

Only 5% of Chinese steel producers are currently profitable

August 22, 2024 Mariel Alumit

The Chinese steel industry is going through a “winter”, according to the head of the world’s largest steel producer, with analysts warning the sector – vital for capesize owners – faces prolonged decline. Steel production […]

railways
International News

Canada’s two largest railways shut down

August 22, 2024 Mariel Alumit

Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) […]

Crude Oil News

Oil tanker on fire and adrift in Red Sea after multiple attacks

August 21, 2024 Stu Turley

A Greek-owned and flagged oil tanker is on fire and adrift in the Red Sea after a series of attacks, British and Greek authorities say. The Sounion was first hit by gunfire from two small […]

EU
Electric Vehicles

EU Slashes Proposed Tariffs on Tesla’s China-Made EVs

August 21, 2024 Mariel Alumit

The European Commission has announced the final results of its anti-subsidy investigation into Chinese electric vehicles, with Tesla receiving a reduced tariff rate of 9%. Other Chinese EV makers, including SAIC Motor Corp., Geely, and […]

Exports

Enbridge CEO Ebel Sees ‘Colossal’ AI Power Use, US LNG Doubling

August 21, 2024 Stu Turley

Enbridge Inc. Chief Executive Officer Greg Ebel has played a major role in the company’s transformation from an oil-focused pipeline operator into a sprawling enterprise with businesses touching all forms of energy. He came to Enbridge in the […]

Crude Oil News

Enbridge Cuts Tolls on Oil Pipeline System Amid New Competition

August 21, 2024 Stu Turley

Cuts come after start of expanded Trans Mountain pipeline Oil is exported mostly to the US West Coast and Asia Enbridge Inc. cut tolls on Canadian oil export pipelines amid increased competition from a new line […]

Oil
Crude Oil News

Oil Ticks Higher as EIA Reports Inventory Draws Across the Board

August 21, 2024 Mariel Alumit

Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over the period, compared with a build of 1.4 million barrels […]

Ukrainian
Geopolitical

Ukrainian incursion: Important Russian gas hub exposed to fighting

August 21, 2024 Mariel Alumit

  After two weeks of fighting, Ukraine claims to have taken control of 1,250 square kilometres of Kursk Oblast in Russia, but also of a gas terminal that supplies Europe. The town of Sudzha, just […]

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