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Home2022August

Month: August 2022

US oil and gas
International News

Scots workers at US oil and gas giant strike over fire and rehire with £10,500 pay cut

August 29, 2022 Mariel Alumit

Staff from a billion pound US oil and gas giant have begun a 16-day strike after their employers hit them with a £10,500 pay cut. Unite the union claims that members have had thousands of […]

Nigeria
Crude Oil News

Nigeria backs Saudi call to address disconnect between paper and physical oil markets

August 29, 2022 Mariel Alumit

Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]

electric vehicles
Renewables Not Sustainable

California sets sights on zero-emission vehicle future to chagrin of oil, biofuel groups

August 29, 2022 Mariel Alumit

Oil refiners and ethanol producers expressed support Aug. 26 for achieving carbon neutrality in the transportation sector but argued that California’s push to eliminate gasoline- and diesel-fueled vehicle sales by 2035 was misguided. “This is […]

US LNG
Exports

US LNG export terminals stage production push as European gas prices top $100/MMBtu

August 29, 2022 Mariel Alumit

Record global gas prices, now trading as high as $100/MMBtu in onshore European markets, are putting pressure on US LNG export terminals to step up production, pushing feedgas demand this week to its highest since […]

Inflation
Energy Policy

The Inflation Reduction Act Could Push Power Grid Reliability Into a Tailspin

August 29, 2022 Mariel Alumit

Marketed by its champions as the answer to America’s economic woes and energy-driven inflation, the Inflation Reduction Act (IRA) is anything but. Its market destabilizing subsidies, additional taxes and support for further regulatory overreach could […]

Energy Crisis

Electricity Prices In France And Germany To Produce Unrest Which Will Make Lockdown Protests Look Like “A Children’s Birthday Party” The Daily Financial Trends

August 29, 2022 Mariel Alumit

On Friday both Germany and France set records for high electricity prices, as Western sanctions continue to batter European countries economies, Meanwhile, Russia remains relatively unscathed, as the higher energy prices more than compensate for […]

Finance

German Government Moves To Privatize German Gazprom Subsidiary The Daily Financial Trends

August 29, 2022 Mariel Alumit

The German government has created a secret holding company, with which it plans to nationalize the former German subsidiary of Gazprom at some point in the future, according to a report by Welt am Sonntag […]

Ambani details succession plan — retail to Isha, energy to Anant
International News

Ambani details succession plan — retail to Isha, energy to Anant

August 29, 2022 Mariel Alumit

At the annual shareholders’ meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains “a unit, well-integrated and secure institution even as it develops existing businesses […]

wind turbine
International News

Giant £2million wind turbine was knocked over by the WIND after raging storms and 50mph gales made blades on 300ft tall turbine turn at twice their normal speed

August 29, 2022 Mariel Alumit

The turbine was torn apart by the raging winds and collapsed to the floor Families in a nearby village in South Wales said the bang sounded like thunder  Manufacturers Nordex launched an investigation after it […]

Iran
Crude Oil News

Iran: How Swiftly Will Oil Buyers Return?

August 29, 2022 Mariel Alumit

As Iran remains hopeful that a revived nuclear deal will enable it to ramp up crude exports soon amid favorable market conditions, the question is just how quickly its traditional customers would be willing to […]

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