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Home2023

Year: 2023

Detroit
Climate Crisis

New community center provides Detroit neighborhood with a climate refuge

November 2, 2023 Mariel Alumit

​ This article was produced in partnership with Planet Detroit. A new community center in Detroit’s Jefferson Chalmers neighborhood is also a key part of the city’s climate strategy. The Community Center at A. B. […]

Putin
Geopolitical

Putin ridicules proposed Western screwdriver sanctions

November 2, 2023 Mariel Alumit

The West’s sanctions proposals against Russia are becoming increasingly absurd, President Vladimir Putin said on Wednesday during a televised government meeting on economic issues. Earlier this month, Lithuania suggested including an embargo on buttons, nails, […]

gasoline
Downstream

U.S. gasoline refining profits tumble as demand weakens

November 2, 2023 Mariel Alumit

Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]

Pine Cliff Energy Ltd.
Finance

Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

November 2, 2023 Mariel Alumit

Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the […]

ENB Rig Count
Crude Oil News

U.S. crude oil inventories increase by 0.8 million barrels

November 2, 2023 Mariel Alumit

Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week.  […]

Zephyr Energy
Crude Oil News

Zephyr Energy brings Williston basin wells online, boosting production

November 2, 2023 Mariel Alumit

World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently […]

offshore wind
Climate Crisis

U.S. offshore wind sector ‘fundamentally broken’ – BP exec

November 2, 2023 Mariel Alumit

Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday.  But the regulatory and permitting environment […]

oil
Crude Oil News

Russian oil trading well above price cap

November 2, 2023 Mariel Alumit

The G7 and EU have imposed a $60 per barrel price ceiling mechanism in an effort to curtail Moscow’s energy revenues The average price of Russia’s flagship Urals blend of crude oil was $81.52 a […]

No Picture
Crude Oil News

Daily Energy Standup Episode #243 – Russia Increases Oil Exports, EU Eyes Sanctions; Norway Rethinks EV Leadership, California EV Challenges

November 2, 2023 Andy Del Prado

Daily Standup Top Stories Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply November 1, 2023 Mariel Alumit By Tsvetana Paraskova of OilPrice.com Russia’s crude oil exports by sea have been exceeding the country’s targeted […]

GDP
Finance

The Party’s Over: Atlanta Fed Slashes Q4 GDP Estimate From 2.3% To 1.2%

November 1, 2023 Mariel Alumit

Remember when we mocked the BEA’s recent report that Q3 GDP had hit a scorching 4.9% (well above estimates) on the back of such laughably “growth” factors as surging inventories and government consumption… … and […]

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