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Home2023June

Month: June 2023

Saudi
Electric Vehicles

Saudi Arabia Signs $5.6B Deal with Chinese EV Company

June 13, 2023 Mariel Alumit

Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric vehicle (EV) maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said […]

Shell
Big Oil Companies

Shell pivots back to oil to win over investors

June 13, 2023 Mariel Alumit

(Reuters) – Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while […]

energy
Crude Oil News

Fossil fuels got a boost from lawmakers aiming to fix Texas’ grid, while renewable energy escaped stricter regulations

June 13, 2023 Mariel Alumit

Texas legislators largely ignored pleas for reform from environmental advocates during this year’s legislative session — failing to act on lowering energy use, reducing greenhouse gas emissions and lessening the disproportionate impact of pollution on […]

Bitcoin
Crypto

Renewable Bitcoin Mining Project Tweaks Bukele’s Bonds Proposal To Raise $1B

June 13, 2023 Mariel Alumit

El Salvador is ready to host one of the world’s most significant bitcoin mining facilities using eolic and solar energy sources. The project will be based in the western department of Santa Ana and is expected to […]

Aljazeera International

How are US sanctions affecting life in Venezuela?

June 13, 2023 Mariel Alumit

On Tuesday, June 13 at 19:30 GMT:For more than 15 years, the United States has been imposing a wide variety of economic sanctions against Venezuela, claiming the South American country has aided in drug trafficking, […]

ENB Daily Standup

Daily Energy Standup Episode #143 – Oil Rebounds: Shell’s Strategic Pivot and Saudi Arabia’s Billion-Dollar EV Move Shake the Energy Landscape

June 13, 2023 Andy Del Prado

Daily Standup Top Stories More Oil, Fewer U.S. Rigs: Hey Saudis, Something to See Here June 12, 2023 Mariel Alumit U.S. drillers have the potential to double oil output from existing wells, thanks to new drilling […]

Commodities

As Panama Canal Hit With Draft Restrictions, Goldman Says Shippers Have Three Options

June 12, 2023 Mariel Alumit

Panama Canal officials have enforced a vessel draft restriction because of a severe water crisis. We noted in a piece weeks ago titled “Panama Canal Hit By Shipping Restrictions As Water Crisis Set To Worsen” […]

Finance

Saudi Arabia, China Ink $10 Billion In Investment Deals

June 12, 2023 Mariel Alumit

Via The Cradle, Saudi Arabia’s Ministry of Investment signed $10 billion worth of investment agreements with Chinese companies on June 11, the first day of the 10th Arab-China Business Conference in Riyadh. The deals include […]

Crypto

Why Boomers Don’t Trust Bitcoin (And How To Convince Them To Open Their Minds)

June 12, 2023 Mariel Alumit

Authored by Dan Weintraub via BitcoinMagazine.com, As with every generation, baby boomers are skeptical of the innovations embraced by youth. But they can’t miss out on Bitcoin…   Trust is a funny thing. Generationally speaking, […]

Zero Edge

They Are Never Going To See It Coming, And So They Won’t Be Prepared…

June 12, 2023 Mariel Alumit

Authored by Michael Snyder via The Economic Collapse blog, There is nothing wrong with being optimistic, but blind optimism can be a very dangerous thing. The reason why so many of the “experts” were shocked […]

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