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Home2022August

Month: August 2022

Fossil Fuels
Finance

Clean Energy Or Fossil Fuels? Wall Street Is Betting On Both

August 17, 2022 Mariel Alumit

Hundreds of billions of dollars continue flowing into fossil fuels every year, with no signs of the trend changing any time soon. Many investors say that it’s next to impossible to fully forego fossil-fuel investments, […]

cash flow
Commodities

Column: Appalling new historical precedent – surplus cash flow cannot solve world’s energy problems, by design

August 17, 2022 Mariel Alumit

[Scene: Suburbia. A harried wife returning home from work. Angry slamming of a front door.] “I’m home! Where are you? What the hell is going on? Why is the garage full of cash? I can’t […]

Iran
Crude Oil News

Looming EU Supply Crunch Magnifies Iran’s Appeal

August 17, 2022 Mariel Alumit

Besides Iran itself, European refiners are among those with most at stake in the negotiations to revive the 2015 Iran nuclear deal and lift US sanctions on Iranian oil exports. The negotiations hang in the […]

Iranian
Energy Policy

What Would Iran Deal Mean for Oil?

August 17, 2022 Mariel Alumit

A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s previous comeback […]

Liberty Energy
Natural Gas

Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

August 17, 2022 Mariel Alumit

“The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised to remain elevated for […]

No Picture
International News

Kinetic Engg to set up EV-focused subsidiary

August 17, 2022

KEL, which is headquartered in Pune and has its major works in Ahmednagar, said that the actual focus of the company is still up for discussion. Pune: The auto components manufacturer, and former autoOEM,Kinetic Engineering […]

No Picture
International News

Sri Lanka grants approvals to Adani Green Energy for wind projects

August 17, 2022

The provisional approvals are for two wind projects in the town of Mannar and Pooneryn, a village in the Northern province of Sri Lanka, he said. Sri Lankahas granted provisional approval toAdani Green Energyfor an […]

Libya
EIA News

Conflict in Libya since 2011 civil war has resulted in inconsistent crude oil production

August 16, 2022 Mariel Alumit

August 12, 2022 Data source: U.S. Energy Information Administration, International Energy Statistics and Short-Term Energy Outlook Libya’s crude oil production averaged nearly 1.2 million barrels per day (b/d) during 2021. In late December 2021, armed […]

oil prices
Finance

Oil Drops Again On Global Slowdown Fears The Daily Financial Trends

August 16, 2022 Mariel Alumit

As economic data from China spurred fresh worries about a global economic slowdown that would sap oil demand, oil prices declined on Tuesday, extending losses from the previous session. Brent crude futures were down 90 […]

U.S.
EIA News

EIA expects renewables to account for 22% of U.S. electricity generation in 2022

August 16, 2022 Mariel Alumit

August 16, 2022   Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 […]

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