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Home2024January

Month: January 2024

Crude Oil News

Oil prices fall as economic headwinds offset worries about Red Sea

January 3, 2024 Mariel Alumit

Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Source; Reuters […]

Big Oil Companies

Chevron to take up to $4 billion in charges in Q4

January 3, 2024 Mariel Alumit

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had […]

Finance

The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion

January 3, 2024 Stu Turley

Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. By Wolf Richter for WOLF STREET. The total US national debt spiked by $1.0 trillion in 15 […]

Big Oil Companies

Daily Energy Standup Episode #278 – OPEC’s Influence, LNG Ventures, and 2024 Market Outlook

January 3, 2024 Andy Del Prado

Daily Standup Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by […]

Electric Vehicles

Tesla’s Deliveries in 2023 Jump 38% YoY, Rivian’s 146%, while Ford and GM Are Tangled Up in Anti-EV Revolts by their Dealers

January 2, 2024 Stu Turley

Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse. By Wolf Richter for WOLF STREET. Tesla’s global deliveries in 2023 jumped by 38% to about 1.81 million vehicles, a new record […]

Eni
Exploration and Production

Eni introduces gas into Congolese LNG project in “record time”

January 2, 2024 Mariel Alumit

(WO) – Eni announced the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters. Gas introduction has been achieved in record time– only twelve months after the final investment decision. […]

Maersk
Geopolitical

Maersk halts Red Sea shipping until further notice after Houthi militant attack

January 2, 2024 Mariel Alumit

Maersk has paused shipping through the Red Sea until further notice after one of its vessels came under attack from Houthi militants over the weekend. The decision by the Danish shipping giant extends a 48-hour […]

Denver
Climate Crisis

Denver building owners face fines for continued use of natural gas

January 2, 2024 Mariel Alumit

The new year brings with it new legal expectations from the city and county of Denver that require all existing commercial, multifamily, and public buildings 25,000 square feet and larger to comply with stringent “energy […]

Russian LNG
Exports

Russia begins production from Arctic LNG 2 project despite U.S. sanctions

January 2, 2024 Mariel Alumit

(Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market […]

Climate
Climate Crisis

Here’s the Climate Dissent You’re Not Hearing About Because It’s Muffled by Society’s Top Institutions

January 2, 2024 Mariel Alumit

As the Biden administration and governments worldwide make massive commitments to rapidly decarbonize the global economy, the persistent effort to silence climate change skeptics is intensifying – and the critics keep pushing back.  This summer […]

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