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Home2022June

Month: June 2022

South Korea
International News

South Korea to raise electricity rates to reflect spikes in fuel prices

June 27, 2022 Mariel Alumit

The South Korean government has decided to raise electricity rates by Won 5/kWh (0.4 cent/kWh) for the third quarter to reflect spikes in prices of fuels such as LNG and coal, the energy ministry and […]

G7
Energy Policy

US says G7 ‘very close’ to deciding on global price cap for Russian oil

June 27, 2022 Mariel Alumit

The Group of Seven nations, a bloc of the world’s leading industrial states, are edging closer to formulating a mechanism which will cap the price of Russian oil as they look to squeeze Moscow’s oil […]

Cheniere Energy
Crude Oil News

Cheniere Green Lights FID For Corpus Christi Stage 3 Project

June 27, 2022 Mariel Alumit

Liquefied natural gas company Cheniere Energy has made a positive Financial Investment Decision (FID) concerning the 10+ million tons per annum of LNG Corpus Christi Stage 3 Liquefaction Project. Cheniere said that it issued full […]

Magellan
Crude Oil News

Magellan Midstream extends open season for expansion of pipeline in Texas

June 27, 2022 Mariel Alumit

Magellan Midstream announced the extension of their open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential […]

Overnight Oil Report

Crude oil futures climbs, erasing early declines; sentiment still fragile

June 27, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 27, reversing early losses of more than $2/b though sentiment remained fragile amid ongoing concerns of a global economic slowdown. At 10:36 am Singapore […]

Refinary
Downstream

US refining capacity falls to lowest mark in 8 years amid record prices: EIA

June 27, 2022 Mariel Alumit

The nation’s capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government’s annual […]

Germany
Finance

Germany Warns of Lehman-Like Contagion From Russian Gas Cuts

June 27, 2022 Mariel Alumit

Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in triggering the financial crisis. With energy suppliers piling up losses […]

Supreme Court
Climate Crisis

U.S. Supreme Court Expected to Gut Emission Controls as Climate Scientists Petition for Plan B

June 27, 2022 Mariel Alumit

With the United States Supreme Court widely expected to turn its ideological wrecking ball on the country’s greenhouse gas emission controls, a group of climate scientists is pitching a new approach to regulating carbon as […]

No Picture
International News

Government to invite bids for power from 8,000 MW thermal capacities without PPAs

June 27, 2022

Replying to a question related to capacities without PPAs in India, the minister said, “There are 8,000 MW of capacities which don’t have PPAs in thermal”. The government will invite bids from states to sell […]

Chesapeake
Finance

CHESAPEAKE ENERGY CORPORATION DOUBLES ITS AUTHORIZATION FOR COMMON STOCK AND WARRANT REPURCHASE FROM $1 BILLION TO $2 BILLION

June 26, 2022 Mariel Alumit

OKLAHOMA CITY, June 22, 2022 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that its Board of Directors has doubled its previously announced repurchase program authorization from $1 billion to up to $2 billion in aggregate value of its common stock […]

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