Crude Oil News
India Buys More U.S. Oil
India is set to import in April its highest oil volumes from the United States in 11 months as the stricter enforcement of the U.S. sanctions against Russia are slowing Russian crude flows to the […]
Month: March 2024
Big Oil Companies
Energy Giants Create Global Synthetic Natural Gas Coalition
Supermajor TotalEnergies, another French energy giant, Engie, and U.S. Sempra Infrastructure have announced plans to create a global coalition to support the production and use of e-natural gas (e-NG), a synthetic natural gas produced from renewable hydrogen […]
Agriculture
EU moves to speed up adoption of green conditions simplification for farmers
The measures to loosen some of the environmental requirements of the EU’s Common Agricultural Policy (CAP) could come into force in 2024, with the European Parliament speeding up the approval of the Commission’s proposal […]
Downstream
Industry’s share of EU economy set to shrink, says CEO of German chemicals giant
The EU’s industrial output as a share of total GDP will decline as a result of persistently high energy prices, the head of the world’s largest chemicals company has said, adding that such a […]
AI
Beijing Pushes for AI Regulation
A campaign to control generative AI raises questions about the future of the industry in China. The highlights this week: China starts a campaign to regulate generative AI, a killing in Handan sparks outrage, and a […]
Carbon Capture
Study finds ports are not ready to handle onboard captured carbon dioxide
EnvironmentPorts and Logistics MHI A recent study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and Arup, has identified low port readiness as a major hurdle bottlenecking the adoption […]
Downstream
Eight dead in chemical tanker capsize incident off Japan
Asahi Shimbun (You Tube) At least eight crew members were killed after a South Korean-flagged chemical tanker anchored off the coast of Japan capsized. The 11-strong crew of the 1996-built tanker Keoyoung Sun requested assistance […]
Biofuel
Hapag-Lloyd working on synthetic methane project to fuel its LNG-powered vessels
Germany’s Hapag-Lloyd is working on a synthetic methane project as it looks to further reduce emissions from its fleet of LNG-powered containerships. Hapag-Lloyd operates the converted 15,000-teu containership, Brussels Express, the world’s first ultra-large containership LNG […]
Big Oil Companies
Exxon Doesn’t Want Hess??
Daily Standup Top Stories CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITION March 19, 2024 Mariel Alumit HOUSTON, March 18 (Reuters) – Top oil executives took to the stage of a major energy conference on […]
Finance
Bank of Japan Keeps Making its Loosest-Ever Monetary Policy Slightly Less Loose in Tiny Steps at Slowest-Ever Snail’s Pace
Which devalued the yen by a Third-Worldish 30% against the USD in two years as other central banks hiked in big increments and started QT. By Wolf Richter for WOLF STREET. Scraps NIRP. Citing “the virtuous cycle between […]