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Home2023October

Month: October 2023

oil
Big Oil Companies

At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says

October 3, 2023 Mariel Alumit

OPEC Secretary-General Haitham Al-Ghais warned that energy prices could spike due to underinvestment. At least $12 trillion needs to be invested in the industry through 2045, he told CNN. “By underinvesting, we are actually endangering […]

Oil
Crude Oil News

The Geopolitical Forces Driving Today’s Oil Market

October 3, 2023 Mariel Alumit

The recent oil price rally has been driven, in large part, by Saudi Arabia’s and Russia’s efforts to cut supply to the global crude market. Both China and the West are negatively impacted by high […]

insurance
Electric Vehicles

We’ll all pay the price of soaring EV insurance

October 3, 2023 Mariel Alumit

SOMETHING strange happened last week: the Guardian published an article which was worth reading. It concerned the massive insurance costs owners of electric vehicles (EVs) are facing. Here’s how the article started: ‘Driving an electric car should be a […]

World
Critical Minerals

World’s Largest Lithium Deposit Found Along Nevada-Oregon Border

October 3, 2023 Mariel Alumit

Geologists believe they’ve found the world’s largest lithium deposit at the McDermitt caldera, a massive depression formed by Yellowstone millions of years ago. Though work is still underway to confirm the mineral volumes within, up […]

Power
Energy Transition

China’s Power Sector Investments Set To Top $13.9 Trillion By 2060

October 3, 2023 Mariel Alumit

Investments in the Chinese power sector are set to top $13.9 trillion (100 trillion Chinese yuan) by 2060, Xinhua news agency reported on Monday, quoting the State Grid Corporation of China. China has pledged to achieve net-zero […]

Zero Edge

“Severe Crash” Looms For CRE Office Towers, Turmoil Lasting Years, Bloomberg Survey Finds

October 3, 2023 Mariel Alumit

About seven months ago, panic gripped financial markets over the regional bank meltdown, primarily due to exposure to the commercial real estate space, specifically office towers. Since then, many market participants have forgotten the turmoil, […]

Electrical Generation / Utilities

In the shadow of a nuclear plant, Prairie Island celebrates steps toward a green future

October 3, 2023 Mariel Alumit

​ This article originally appeared in the Sahan Journal. Standing in the same former bean field he played in as a child, Prairie Island Indian Community President Johnny Johnson recently led a crowd of project […]

Critical Minerals

Daily Energy Standup Episode #221 – Tax Incentives, Saudi Arabia’s Gas Push, and China’s Booming Demand

October 3, 2023 Andy Del Prado

Daily Standup Top Stories Solar, Wind Energy Get Hundreds Of Times More Tax Incentives Than Oil And Gas October 2, 2023 Mariel Alumit Over the last 10 years, domestic solar capacity in the United States has […]

Nearly 2.5 Million Barrels a Day of US Refining Capacity to Shut for Fall Maintenance
Commodities

Nearly 2.5 Million Barrels a Day of US Refining Capacity to Shut for Fall Maintenance

October 2, 2023 Mariel Alumit

The fall refinery maintenance season in the US is shaping up to be the heaviest since before the Covid-19 pandemic forced plants to slash rates and delay all but emergency work. Nearly 2.5 million barrels […]

oil
Big Oil Companies

Petrobras gets green light to drill oil exploration wells in “promising” region offshore Brazil

October 2, 2023 Mariel Alumit

(Bloomberg) – Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to expand production. Brazil’s top environmental […]

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