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Home2024April

Month: April 2024

OPEC+
Crude Oil News

OPEC+ Committee Calls on Members to Compensate for Overproduction

April 3, 2024 Mariel Alumit

The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted that compliance with the cuts […]

Steve Cohen
Finance

Steve Cohen says the Fed may have a hard time getting inflation down to its goal

April 3, 2024 Mariel Alumit

Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]

nuclear
Commodities

New association for maritime nuclear created

April 3, 2024 Mariel Alumit

A global group of companies with a common interest in developing nuclear energy solutions for the maritime sector have launched Nuclear Energy Maritime Organization (NEMO). To be headquartered in London, NEMO will officially start activities […]

grid
Electrical Generation / Utilities

Low-carbon shift raises risk of blackouts, grid execs warn

April 3, 2024 Mariel Alumit

Executives of U.S. regional power grids are warning they face new and unprecedented challenges as energy demand grows and the industry takes on the enormous shift to carbon-free electricity. Without policies aimed at managing the […]

Natural Gas
Climate Crisis

The Entire Push To Halt New Natural Gas Exports Traces Back To One Ivy League Prof And His Shaky Study

April 3, 2024 Mariel Alumit

A questionable study by a Cornell University climate scientist gave climate activists and the media ammunition to wage a pressure campaign against the Biden administration to take action against liquefied natural gas (LNG) exports. Cornell’s Robert […]

energy
International News

Pro-nuclear leaders push atomic energy to cut CO2 emissions, boost security of supply

April 3, 2024 Mariel Alumit

A global push to expand nuclear power continued recently as world leaders from more than 30 countries and the European Union met at the inaugural Nuclear Energy Summit in Brussels. The world’s first high-level meeting on March […]

Big Oil
Big Oil Companies

Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting

April 3, 2024 Mariel Alumit

Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word. After finishing 2023 in the red as the broader market soared, energy stocks have started […]

wind turbines
Energy Transition

Europe quietly works on Huawei-treatment for Chinese wind turbines

April 3, 2024 Mariel Alumit

The European Union is looking to ban foreign wind turbines on the grounds of cybersecurity concerns, echoing similar recommendations that saw EU countries bar China’s Huawei from 5G networks. Brussels is busy putting measures in place to shield […]

Nordsol
LNG

Nordsol: Dutch bio-LNG plant nears launch

April 3, 2024 Andy Del Prado

Dutch tech firm Nordsol and its partners are nearing completion of the bio-LNG plant in Wilp. Nordsol said in a social media update on Tuesday the the plant will “soon” produce bio-LNG for the maritime […]

Energy costs
Energy Crisis

Energy costs to increase for poorly insulated homes

April 3, 2024 Mariel Alumit

Under Ofgem’s newly implemented price cap effective from April, households inhabiting poorly insulated homes, categorised as band F on the Energy Performance Certificate (EPC) scale, will experience an average increase of approximately £340 in their […]

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