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Home2024May

Month: May 2024

China
Energy Storage

China’s 1st large-scale sodium battery energy storage station put into operation

May 15, 2024 Mariel Alumit

China has put the first large-scale sodium-ion battery storage station into operation, marking the beginning of the adoption of the new, lower-cost battery for large-scale use. A 10-MWh sodium-ion battery storage station was put into […]

Ohio
EnergyNews

As Ohio clamps down on clean energy, recent changes make it easier to force landowners to allow oil and gas drilling

May 15, 2024 Mariel Alumit

  Ohio has seen a big jump in the number of agency orders forcing property owners to allow oil and gas development on their land, whether they want it or not. The number of so-called […]

Big Oil Companies

Trump Targets Offshore Wind

May 15, 2024 Andy Del Prado

Daily Standup Top Stories Trump Vows Day One Executive Order Targeting Offshore Wind May 14, 2024 Mariel Alumit Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term […]

Household
Bankruptcy

Household Debt, Delinquencies, Collections, and Bankruptcies: The Free-Money Era Is Over for our Not So Drunken Sailors

May 14, 2024 Mariel Alumit

Everything got more expensive over the years, the population grew, so debts rose, but income rose too. By Wolf Richter for WOLF STREET. Total household debt outstanding ticked up by $184 billion, or by 1.1%, in Q1 from […]

PPI
Finance

PPI Inflation Acts Up in a Nasty Way:  It Spikes after Big Downward Revisions

May 14, 2024 Mariel Alumit

Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services. By Wolf Richter for WOLF STREET. The Producer Price Index, which is always […]

Suez Canal
Crude Oil News

Suez Canal Sees Significant Decrease in Shipping Traffic

May 14, 2024 Mariel Alumit

The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted in its latest Maritime Security Threat Advisory (MSTA). According to the MSTA, which was released this week, this traffic more than […]

China and India
Coal

China and India still rely heavily on coal, climate targets remain ‘very difficult’ to achieve

May 14, 2024 Mariel Alumit

China and India have not reduced coal generation for electricity, according to a new study, making it harder for Asia’s largest carbon emitters to reach their climate targets. While both Asian countries have ambitious plans […]

OPEC
Crude Oil News

OPEC Remains Optimistic About Global Oil Demand Growth

May 14, 2024 Mariel Alumit

A resilient global economy early this year has additional upside potential in the second half with the possible easing of monetary policies, OPEC said on Tuesday, keeping its 2024 and 2025 outlook of robust oil […]

Ford
Electric Vehicles

Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car

May 14, 2024 Mariel Alumit

(Bloomberg) — Ford Motor Co. has begun cutting orders from battery suppliers to stem growing electric-vehicle losses, according to people familiar with the matter, as it throttles back ambitions in a rapidly decelerating market for […]

Chevron
Big Oil Companies

Proxy firm advises Hess investors to abstain from voting on $53 billion Chevron deal amidst ExxonMobil arbitration

May 14, 2024 Mariel Alumit

(Bloomberg) – Influential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp. Shares of both oil companies fell. ISS cited concerns about […]

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