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Home2023

Year: 2023

Oil
Energy Crisis

Without Crude Oil There Would Be No Need for Electricity

November 14, 2023 Mariel Alumit

Everything that needs electricity is made from petrochemicals manufactured from crude oil. Most of the products that did not exist before the 1800’s are made from petrochemicals manufactured from crude oil.  To date, we have […]

Exxon
Big Oil Companies

Exxon to start lithium production for EVs in the US by 2027

November 14, 2023 Mariel Alumit

HOUSTON, Nov 13 (Reuters) – Exxon Mobil (XOM.N) said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. Oil […]

Chinese
Finance

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

November 14, 2023 Mariel Alumit

As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% in August, which is the highest share the Chinese currency has held in the last five years, according to SWIFT […]

LNG
International News

Capital Product Partners shifts focus to LNG in $3.1bn deal for 11 newbuilds

November 14, 2023 Mariel Alumit

Greek owner Capital Product Partners has entered into an umbrella agreement with Capital Maritime and Capital GP for the acquisition of 11 newbuild LNG carriers from the Evangelos Marinakis-led company for a total acquisition price of […]

Basin
Exploration and Production

Mach Natural Resources to buy Anadarko Basin assets for $815 mln

November 14, 2023 Mariel Alumit

Nov 13 (Reuters) – Mach Natural Resources (MNR.N) said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from privately-held Paloma Partners for $815 million in cash. Mach Natural […]

Capital Product Partners
LNG

Capital Product Partners to buy 11 LNG carriers for $3.1 billion

November 14, 2023 Mariel Alumit

New York-listed Capital Product Partners has entered into an umbrella agreement to buy 11 LNG carriers from its sponsor Capital Maritime & Trading Corp for a total acquisition price of $3.13 billion. CPLP entered into […]

David Cameron
Aljazeera International

What does David Cameron’s return to UK politics mean for the Middle East?

November 14, 2023 Mariel Alumit

The unexpected return of former United Kingdom Prime Minister David Cameron to British politics during Israel’s war in Gaza and pro-Palestinian protests in Britain has sparked questions over the implications for the UK’s policies towards […]

West Bank
Aljazeera International

‘Not just a number’: A protest and a funeral in the West Bank

November 14, 2023 Mariel Alumit

Ramallah, occupied West Bank – The Qalandia checkpoint wasn’t busy. There were just a few cars trying to cross into the occupied West Bank from Jerusalem. It was November 1, and Palestinian groups had called a […]

Gaza
Aljazeera International

Photos: Palestinians face food, water shortages in southern Gaza

November 14, 2023 Mariel Alumit

The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) has warned its operations in war-torn Gaza would shut down within two days due to fuel shortages as fighting rages between Israel and Hamas. […]

Gaza
Aljazeera International

UNRWA says fuel shortage will shut down aid work in Gaza within 48 hours

November 14, 2023 Mariel Alumit

The United Nations agency for Palestinian refugees has said that it will be forced to suspend aid work in the Gaza Strip within 48 hours, as an Israeli siege strains access to much-needed fuel. In […]

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