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HomeInternational News

International News

Oil Prices
Crude Oil News

Geopolitical Risk Props Up Oil Prices After a Two-Day Dip

August 15, 2024 Mariel Alumit

Oil prices rose after a two-day slump, fueled by worries about potential conflict in the Middle East following the killing of a Hamas leader. This price increase came despite a surprise inventory build reported by […]

The Real Energy Transition
Climate Crisis

The Real Energy Transition Is Toward Natural Gas, Not Unreliable Wind And Solar

August 15, 2024 Mariel Alumit

Natural gas has all the attributes of a wonder fuel: It is abundant, made in America, clean-burning, reliable, and cheap. So why does Kamala hate it? Among the great mythologies of recent years, one stands […]

Oil Prices
Crude Oil News

Oil Prices Fall After the EIA Reports an Inventory Build

August 14, 2024 Mariel Alumit

Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]

households
Energy Crisis

UK’s poorest households pay more for energy

August 14, 2024 Mariel Alumit

People living in low income households in the UK are more likely to pay higher energy costs than those in wealthier households. That’s according to research, published in the journal Energy Economics, which found that […]

Cheniere
Exports

Cheniere expects Asian LNG demand to nearly double by 2040

August 14, 2024 Mariel Alumit

Cheniere is the largest LNG exporter in the US. The company’s Sabine Pass facility in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, and its three-train […]

Russian gas
Geopolitical

Russian gas keeps flowing to EU via Ukraine despite fighting

August 14, 2024 Mariel Alumit

  Intense fighting between Ukrainian and Russian forces near a pipeline Russia uses to supply European countries with gas has not disrupted supplies, network operators and gas companies said on Tuesday (13 August). The European […]

gas
Geopolitical

European gas price hike boosts Russian fuel sales, outstriping total EU aid to Ukraine

August 14, 2024 Mariel Alumit

  The rise in gas prices in Europe attributed to Ukraine’s recent invasion of Kursk, is expected to add to Russian revenues from selling fossil fuels, further widening the gap between such payments and the […]

power
Electrical Generation / Utilities

UK’s biggest undersea power link gets green light

August 14, 2024 Mariel Alumit

Ofgem has today given its final approval for the costs associated with the Eastern Green Link 2 (EGL2) project, paving the way for construction to start on a 525kV, 2GW subsea connection between Peterhead in […]

wind
International News

Poland launches $5.4bn loan scheme for offshore wind funding

August 14, 2024 Mariel Alumit

The Polish development bank has revealed that the country would launch a nearly €5bn ($5.46bn) programme to provide loans for the construction of offshore wind farms in the Baltic Sea. Bank Gospodarstwa Krajowego (BGK) said […]

Geopolitical

Ukraine and Russia Plan to Keep Gas Flowing Amid Fighting

August 13, 2024 Stu Turley

Fears of disruption to supplies have driven up European prices Gazprom’s flows via Ukraine have so far remained stable Russia and Ukraine intend to keep pipeline gas flowing to Europe even as fighting continues near […]

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