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Home2024March

Month: March 2024

Texas
Crude Oil News

Texas pulls $8.5B from BlackRock in stunning blow to ESG movement

March 19, 2024 Mariel Alumit

FIRST ON FOX: The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state’s determination that the firm is engaged in a boycott of energy companies. In an announcement first […]

Oil
Crude Oil News

Oil rises to multi-month highs on Russian supply concerns

March 19, 2024 Mariel Alumit

NEW YORK, March 19 (Reuters) – Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies. U.S. […]

World
International News

World’s largest solar manufacturer to cut one-third of workforce

March 19, 2024 Mariel Alumit

The world’s largest solar manufacturer has slashed nearly a third of its workforce after a cost-cutting drive that included telling staff to only print in black and white fell short and as a chill ripples […]

Biden
Coal

Biden officials mull quicker death for US coal power plants

March 19, 2024 Mariel Alumit

U.S. coal-fired power plants could be forced to shut down two years sooner than envisioned under a Biden administration plan to stifle pollution from the electricity sector. The potential change being seriously considered now by […]

government
Finance

Congress has a deal to fund the government. It needs to act fast to avoid a shutdown.

March 19, 2024 Mariel Alumit

Congressional leaders have announced a deal to fund the federal government in advance of a weekend deadline, but they will need to act quickly to avoid a partial shutdown. House Speaker Mike Johnson said a text of […]

capacity
Coal

Up to 58 GW faces retirement in PJM by 2030 without replacement capacity in sight: market monitor

March 19, 2024 Mariel Alumit

About 24 GW to 58 GW of thermal resources — or 12% to 30% of the PJM Interconnection’s installed capacity — are at risk of retiring by 2030 without a clear source of replacement generation, […]

farmers
Agriculture

Biden’s LNG export embargo hurts farmers too

March 19, 2024 Mariel Alumit

LEBANON, Pennsylvania — You may not be aware that there’s a symmetry in Pennsylvania between farmers and the natural gas industry. But just walk into the Keystone Pork, Poultry Progress and Mid-Atlantic Manure Summit here at the expo center in […]

OIL
Big Oil Companies

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 Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost […]

Granholm
ESG

US clean energy transition ‘undeniable,’ Granholm tells CERAWeek

March 19, 2024 Mariel Alumit

The US is undergoing an “undeniable” shift toward cleaner sources of energy despite an equally indisputable need to secure fossil fuel supplies for the foreseeable future, US Energy Secretary Jennifer Granholm said March 18 at […]

EIA
Crude Oil News

EIA Boosts USA Crude Oil Production Forecasts

March 19, 2024 Mariel Alumit

The U.S. Energy Information Administration (EIA) increased its forecasts for U.S. crude oil production for both 2024 and 2025 in its latest short term energy outlook (STEO), which was released last week. According to the […]

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