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Home2024March

Month: March 2024

Gavin Newsom
Political

‘Hero’ Gavin Newsom Stands Up to Big Oil in New Ad Campaign

March 29, 2024 Mariel Alumit

California’s own “Hero,” Governor Gavin Newsom, has been recognized in a new series of ads attacking “Big Oil.” “Governor Gavin Newsom Joins ‘Team of Heroes’ Standing Up to Big Oil in New Ad to KEEP […]

OPEC+
Crude Oil News

Is OPEC+ Ready to Start Celebrating?

March 29, 2024 Mariel Alumit

For the last two years oil prices have really been in a very narrow range from $70/bbl. to $85/bbl. Brent crude so to speak. At the start of this year Brent was trading close to […]

Global natural gas investments
Exploration and Production

Global natural gas investments to reach almost $9 trillion by 2050

March 29, 2024 Mariel Alumit

ANKARA  The Gas Exporting Countries Forum’s (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the […]

German
Energy Policy

German output falls for seventh month in row as gloom persists

March 29, 2024 Mariel Alumit

Germany reinforced its status as ‘the sick man of Europe’ as the once-mighty industrial sector clocked up its longest downturn since the aftermath of reunification three decades ago. Europe’s largest economy and one-time driving force […]

LNG exports
Exports

US weekly LNG exports reach 22 shipments

March 29, 2024 Mariel Alumit

US liquefied natural gas (LNG) exports rose in the week ending March 27 compared to the week before, according to the Energy Information Administration. The agency said in its weekly report that 22 LNG carriers […]

QatarEnergy
LNG

QatarEnergy picks shipowners for 18 giant LNG carriers

March 29, 2024 Stu Turley

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive shipbuilding program, according to shipbuilding sources. In January, LNG Prime was the first to report that state-owned […]

Yellen
Imports

Yellen Plans To Confront China For ‘Unfair’ Clean Energy Subsidies

March 29, 2024 Mariel Alumit

U.S. Treasury Secretary Janet Yellen has revealed that she intends to warn Beijing that its national underwriting for energy and other companies is creating oversupply and distorting global markets when she pays the country an official visit. […]

France
Finance

Expect A Financial Crisis In Europe With France At The Epicenter

March 29, 2024 Mariel Alumit

The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. The crisis is coming to a head with France and Italy in the spotlight. The first casualty will be Green policy. Compliance […]

smart meters
Electrical Generation / Utilities

Almost four million smart meters not working properly

March 29, 2024 Mariel Alumit

Almost four million smart meters in Great Britain are not working properly. According to the Department for Energy Security and Net Zero (Desnez), 2.7 million were not operating in smart mode as of June 2023. […]

Corporate Profits
Finance

Resurging Corporate Profits Show Inflationary Pressures Are Reheating after Lull: Corporate Profits by Major Industry

March 28, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Corporate pre-tax profits in all nonfinancial domestic industries combined – this excludes our suffering banks and other financial companies – jumped by 5.6% in Q4 from Q3, and by 10.7% year-over-year to […]

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