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Home2024February

Month: February 2024

BofA
Crude Oil News

BofA Expects Total Oil Demand to Hit 107MM Barrels per Day by 2029

February 13, 2024 Mariel Alumit

In a BofA Global Research report sent to Rigzone recently, analysts said they expect total oil consumption levels to reach 107 million barrels per day by 2029, “adding net growth of about 3.7 million barrels […]

Azerbaijan
Climate Crisis

COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’

February 13, 2024 Mariel Alumit

Past and future UN climate talk hosts the United Arab Emirates, Azerbaijan and Brazil said Tuesday they are forming a “troika”  aimed at keeping alive the goal of limiting global warming to 1.5 degrees Celsius. […]

Climate
Climate Crisis

Climate activists are wrong: Liquefied natural gas projects are of public interest

February 13, 2024 Mariel Alumit

The Biden administration is putting radical decarbonization goals ahead of energy security to appease its radical environmentalist backers. Last month, President Joe Biden capitulated to pressure from climate activists and young TikTokers who threatened to protest him and his administration unless […]

maritime
Geopolitical

Five schools of thought on key maritime issues

February 13, 2024 Mariel Alumit

Wolfgang Lehmacher, Richard Watson, Mikael Lind, Jillian Carson-Jackson and Sukhjit Singh release details of a new maritime expert study. Stakeholders often have diverse backgrounds with different interests, which can lead to divergent and conflicting points […]

Ohio
Electrical Generation / Utilities

Ex-First Energy executives, Ohio utility regulator charged by state in bailout and bribery scandal

February 13, 2024 Mariel Alumit

  This article was originally published by the Ohio Capital Journal. Ohio law enforcement authorities on Monday filed numerous felony charges against two former First Energy executives and a former top utility regulator in what […]

Michigan
EnergyNews

Who’s behind a ballot initiative to repeal Michigan’s renewable energy siting laws?

February 13, 2024 Mariel Alumit

  This article was originally published by Planet Detroit. A new Michigan ballot initiative aims to overturn legislation passed late last year giving state regulators, not municipal governments, final say over large-scale solar and wind […]

Russian gas
Geopolitical

Scrapping Russian gas deal would cause prices to ‘explode’ – Austrian MP

February 13, 2024 Mariel Alumit

Austria’s plans to end a long-term contract for Russian gas would cause energy prices to “explode” and would fuel inflation in the country, Axel Kassegger, a member of the Freedom Party of Austria, has warned. […]

Greece’s Alexandroupolis
Imports

Greece’s Alexandroupolis FSRU set to receive first LNG cargo this week

February 13, 2024 Mariel Alumit

Gastrade’s FSRU-based LNG import terminal off Greece’s Alexandroupolis is expected to receive its first cargo of liquefied natural gas this week, according to shipping data. The 2018-built 174,000-cbm LNG carrier, GasLog Hong Kong, should arrive […]

Tobago
Crude Oil News

National emergency in Tobago as mystery ship spews oil

February 13, 2024 Stu Turley

Office of the Chief Secretary – THA Vessel trackers have been unable to identify the name of a ship which capsized six days ago, creating a national emergency in Tobago as oil rushes up on […]

Loans
Finance

CRE Loans Coming Due in 2024 Balloon by 41%, to $929 Billion, as Loans that Matured in 2023 Weren’t Paid Off but Extended

February 13, 2024 Stu Turley

Extend and pretend kicks into high gear. For example, the $975 million mortgage on a San Francisco office tower. By Wolf Richter for WOLF STREET. The portion of the $4.7 trillion in US commercial real estate debt that […]

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