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Home2024June

Month: June 2024

Bankruptcy

Shell CEO Talks Reasonable Politics?!

June 6, 2024 Andy Del Prado

Daily Standup Top Stories Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax June 5, 2024 Mariel Alumit U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden […]

Mortgage Rates
Finance

Mortgage Rates Rise, Over 7% since Early April, Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High

June 5, 2024 Stu Turley

Stuck with a 6% or 7% mortgage that was supposed to be refinanced? The Fed is counting on them to help bring inflation down. By Wolf Richter for WOLF STREET. The over-7% mortgage rates seem to have become […]

Bank of Canada
Finance

Bank of Canada Cuts by 25 basis points, to 4.75% as Economy and Inflation Slowed. QT Continues

June 5, 2024 Stu Turley

Rate hikes seem to be more effective in Canada than in the US in slowing the economy and bringing down inflation. By Wolf Richter for WOLF STREET. “With continued evidence that underlying inflation is easing,” the Bank of […]

Oil
Crude Oil News

Oil rises 1% as Fed rate cut optimism offsets demand fears

June 5, 2024 Mariel Alumit

HOUSTON, June 5 (Reuters) – Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed […]

UN
Climate Crisis

UN chief urges fossil fuel ad ban as heat records pile up

June 5, 2024 Mariel Alumit

Humans are as dangerous to Earth as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, urging an end to fossil fuel ads after 12 months that were the hottest on record. […]

Europe
Climate Crisis

Cost of going green sparks backlash from Europe’s voters

June 5, 2024 Mariel Alumit

It is being called a “greenlash”. Resistance to green policies has broken out across Europe. It was all so different in the last European elections five years ago, when young voters especially demanded action against […]

Shell CEO
Big Oil Companies

Shell CEO calls for political stability around energy sector ahead of U.S. presidential election

June 5, 2024 Mariel Alumit

(Bloomberg) – Shell Plc’s chief executive officer used a trip to Washington to deliver a plea for stability months before a US presidential election that threatens more upheaval in the global energy sector. Wael Sawan’s […]

Senator Ted Cruz
Energy Policy

Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax

June 5, 2024 Mariel Alumit

U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act, a release posted on Cruz’s website recently announced. Rigzone asked the Cruz camp what effect […]

Africa
Energy Transition

Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand

June 5, 2024 Mariel Alumit

Heathrow Airport in the UK currently uses more energy than the entire west African country of Sierra Leone. Despite Africa accounting for less than 4% of all global greenhouse gas emissions, many of its countries face significant threats […]

Gas Field
Exploration and Production

China And Iran Secure Key Strategic Iraqi Gas Field

June 5, 2024 Mariel Alumit

The Mansuriya field, holds an estimated 4.5 trillion standard cubic feet of gas and is expected to produce around 300 million scf per day of gas at its peak. For China, the location of the […]

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