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Home2022July

Month: July 2022

Oil futures
Overnight Oil Report

OIL FUTURES: Brent below $100/b as recession concerns trigger renewed selling pressure

July 6, 2022 Mariel Alumit

Oil futures selling pressure resumed in midmorning New York trading July 6, with front-month ICE Brent falling below $100/b intraday for the first time since April 25. At 1755 GMT, NYMEX August WTI was down […]

EUROPEAN PARLIAMENT
Climate Crisis

EUROPEAN PARLIAMENT APPROVES EU LAW LABELLING NUCLEAR, GAS AS GREEN

July 6, 2022 Mariel Alumit

The European Parliament on Wednesday rejected a motion to veto a controversial new EU law that labels natural gas and nuclear power plants as climate-friendly investments, making them eligible for billions of euros in funds and subsidies. […]

J.P. Morgan Chase
Investments

Oil And Gas Stocks Provide A Glimmer Of Light In A Dark Market

July 6, 2022 Mariel Alumit

The S&P 500 has just had its worse first half since 1970. Soaring commodity prices fueled by the war in Ukraine have been a boon for oil and gas companies. While the S&P 500 has […]

International News

World War II Bombs Hamper Germany’s Retreat From Russian Gas

July 6, 2022 Mariel Alumit

WILHELMSHAVEN, Germany—A long-submerged problem is complicating Germany’s attempts to wean itself off the vast pipelines pumping gas from Russia: Over a million tons of weapons and explosives rusting at the bottom of the sea. Berlin plans […]

Austria
International News

Austria Plans To Power Industry With Oil Instead Of Gas

July 6, 2022 Mariel Alumit

Austria’s energy minister said it intends to order industry and utilities to switch from using natural gas as it looks to stockpile more natural gas to help insulate it from being cut off from Russian […]

Saudi Arabia
Crude Oil News

Is Saudi Arabia Exaggerating Its Oil Production Potential?

July 6, 2022 Mariel Alumit

For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now […]

Russia
Exports

Financing Putin’s war: Fossil fuel imports from Russia in the first 100 days of the invasion

July 6, 2022 Mariel Alumit

Fossil fuel exports are a key enabler of Russia’s military buildup and brutal aggression against Ukraine. To shed light on who purchases Russia’s oil, gas and coal, and how the volume and value of imports […]

Caspian oil pipeline
Geopolitical

Russian court orders halt to Caspian oil pipeline but exports still flow

July 6, 2022 Mariel Alumit

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. CPC exports around 1.2 million barrels per day Pipeline’s operations have been interrupted by storms Kazakhstan considers measures […]

No Picture
International News

GE commissions 180-MW Bajoli hydro project

July 6, 2022

According to the statement, the 180-MW run-of-the-river power facility has a head race tunnel of more than 16 km and has been constructed on the river Ravi in Chamba district of Himachal Pradesh. New Delhi: […]

No Picture
International News

Reliance Power shareholders turn down special resolution to monetise assets

July 6, 2022

The company is required to obtain the consent of the shareholders by way of a special resolution to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking or where […]

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