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Home2024February

Month: February 2024

European Union
Biofuels

Europe to give shipping priority access to greener fuels

February 7, 2024 Mariel Alumit

The European Commission published on Tuesday its proposal for a 2040 climate target laying out the pathway to make the European Union climate neutral by 2050 with shipping shown its green pathway, and a noticeable […]

Houthi
Geopolitical

Twin strikes take Houthi ship attacks to the 50 mark

February 7, 2024 Mariel Alumit

Suez Canal Authority With more missiles yesterday the Houthis took their merchant ship strikes to the 50 mark, underlining the severity of the security situation in Middle Eastern waters where US-led counterstrikes have failed to […]

Shadow fleet
Crude Oil News

Shadow fleet faces tricky path to the breaker’s torch

February 7, 2024 Stu Turley

With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]

Ørsted
Finance

Ørsted to cut up to 800 jobs and exit some offshore wind markets

February 7, 2024 Mariel Alumit

Ørsted Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a “substantially challenging” 12 months and massive impairments and additional costs related to its US offshore projects. Ørsted said Wednesday it […]

Kremlin
Geopolitical

Kremlin confirms Carlson has interviewed Putin

February 7, 2024 Mariel Alumit

  The footage is being prepared for broadcast, spokesman Dmitry Peskov told journalists Russian President Vladimir Putin met with US journalist Tucker Carlson on Tuesday for an interview, Kremlin spokesman Dmitry Peskov told a daily […]

EU
Crude Oil News

EU states buying Russian energy ‘on the sly’ – Moscow

February 7, 2024 Mariel Alumit

  Oil and gas are still reaching the bloc via third countries, a top Russian senator has said EU countries continue to purchase Russian oil and gas despite bold statements about abandoning supplies, the chair […]

Houthis
Geothermal

Houthis fire ‘multiple’ missiles at ships in Red Sea – US military

February 7, 2024 Mariel Alumit

  The Yemeni militant group targeted two commercial vessels, causing minor damage and no injuries, according to the Pentagon Houthi forces fired several ballistic missiles at cargo ships off the Yemeni coast on Tuesday, US […]

Climate Crisis

Daily Energy Standup Episode #303 – Coal’s Resurgence, EV Challenges, and BP’s Strategy

February 7, 2024 Andy Del Prado

Daily Standup Top Stories Biden Makes Coal Great Again As Exports Soar To India February 6, 2024 Stu Turley US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of […]

Freeport-McMoRan
Rare Earth Minerals

Freeport-McMoRan names Kathleen Quirk as CEO

February 7, 2024 Stu Turley

  US copper miner Freeport-McMoRan (NYSE: FCX) announced Tuesday the appointment of Kathleen Quirk as president and chief executive officer, effective at the annual meeting of shareholders on June 11 this year. Quirk will assume […]

Subprime
Finance

Auto Loan Balances, Subprime, Delinquencies, and Income: Who Are those Drunken Sailors?

February 7, 2024 Stu Turley

Subprime doesn’t mean “low income.” It means “bad credit” – and some is high income. And subprime loans are coming home to roost. By Wolf Richter for WOLF STREET. The balance of auto loans and leases rose by […]

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