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Home2022June

Month: June 2022

Iranian Flag Infront of the IAEA in Vienna Austria Reuters
Commodities

Iran says revenue from energy exports up 60% from last year

June 1, 2022 Stu Turley

Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period last year, the oil ministry’s official […]

Ford F-150
Renewables Not Sustainable

Ford F-150 Lightning loses about half its range when towing a 23-foot Airstream trailer

June 1, 2022 Mariel Alumit

An early Ford F-150 Lightning electric pickup did a real-world towing test with a 23-foot Airstream trailer. It showed a loss of about half the vehicle’s range. Last week, Ford officially started customer deliveries of the […]

offshore
International News

Guyana to not conduct additional seismic studies on new offshore oil leases

June 1, 2022 Mariel Alumit

Guyana’s Vice President Bharrat Jagdeo said the government would not conduct additional seismic studies on offshore oil blocks that are set to be auctioned in September. “The price of oil is high, and I think […]

Texas
US Energy News

Texas power use hits monthly record again with many more to come

June 1, 2022 Mariel Alumit

(Reuters) Power demand in Texas reached the highest level ever recorded in the month of May on Tuesday and will likely break the record for June today as economic growth boosts overall usage and hot […]

California drought could reduce hydroelectric generation to half of normal levels
EIA News

California drought could reduce hydroelectric generation to half of normal levels

June 1, 2022

As part of a supplement to our Short-Term Energy Outlook, we analyzed how drought conditions could affect hydroelectric generation in California this summer. California hydroelectric generation would be 48% less this summer in an alternative […]

Overnight Oil Report

Crude oil futures rebound as investors look past bearish OPEC+ news

June 1, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade June 1 as investors looked past recent bearish reports of Russia being excluded from an OPEC+ production deal to refocus back on an oil market that […]

Gazprom
International News

Gazprom Suspends Gas Supplies to Orsted

June 1, 2022 Mariel Alumit

Gazprom has announced that it has completely suspended gas supplies to Denmark’s Orsted Salg & Service A/S “due to failure to pay in Rubles”. The announcement was made on the company’s Twitter page and included […]

Oil group OPEC+
International News

Oil group OPEC+ reportedly considering suspending Russia from supply deal

June 1, 2022 Mariel Alumit

OPEC delegates are reportedly concerned about the growing economic pressure on Russia and its ability to pump more crude to cool soaring prices. CNBC has contacted OPEC and a spokesperson for Russia’s Energy Ministry and for comment. […]

Russia's Gazprom
Geopolitical

Russia’s Gazprom cuts off natural-gas supply to the Netherlands after the Dutch refused to pay in rubles. Denmark could be next.

June 1, 2022 Mariel Alumit

Gazprom said it has cut natural-gas supply to the Netherlands after Dutch trader GasTerra refused to pay in rubles. That’s after Russian President Putin has demanded natural gas payments in rubles. Denmark’s Orsted has also […]

Lithium
Renewables Not Sustainable

Lithium mine investments aren’t keeping up with the EV supply chain

June 1, 2022 Mariel Alumit

An important lesson from our many supply chain snarls is that upstream shortages can cause major downstream jams. Short on lumber? That’ll crimp wooden pallet supplies and disrupt goods transport. Short on aluminum? You’ll have to […]

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