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Home2024July

Month: July 2024

China
Climate Crisis

Biden’s Last Chance at Climate Diplomacy With China

July 25, 2024 Mariel Alumit

Negotiations are expected to occur in a few weeks with a focus on super-pollutants. This week, as the rest of Washington was caught up in the dramatic shake-up in the 2024 U.S. presidential race, the […]

Natural gas storage
EIA News

Natural gas storage injections remain below five-year average so far this summer

July 25, 2024 Mariel Alumit

Injections into natural gas storage in the Lower 48 states since April 1 have totaled 950 billion cubic feet (Bcf), according to our July 18 Weekly Natural Gas Storage Report. So far this injection season (April […]

tanker
Crude Oil News

Manila braces for oil spill as tanker sinks

July 25, 2024 Mariel Alumit

A 22-year-old tanker carrying industrial fuel oil capsized and sank 3.6 nautical miles off Lamao Point in the Philippines due to rough seas on Thursday. The incident which involved the Philippine-flagged TerraNova tanker, carrying 1,494 […]

Hafnia
Press

Hafnia moves to offload cargo from fire-damaged tanker off Singapore

July 25, 2024 Stu Turley

Product tanker giant Hafnia is looking to remove the cargo from its fire-damaged ship that was involved in a collision with another tanker off Singapore last week. The BW Group company is in discussion with […]

GE Vernova
Offshore

GE Vernova blames faulty manufacturing for Vineyard Wind blade incident

July 25, 2024 Mariel Alumit

The manufacturer of the damaged blade on the Vineyard Wind farm, GE Vernova, has revealed the findings of a preliminary investigation and claims that the problem was faulty manufacturing, not a design flaw. The turbine […]

Coal

Make Coal Great Again

July 25, 2024 Andy Del Prado

Daily Standup Top Stories Global coal demand to stay steady through 2025 July 24, 2024 Mariel Alumit Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies […]

Prices
Finance

New-House Prices Solidly below Existing House Prices as Inventory Piles Up. Sales Hobble Along, Supported by Big Incentives & Mortgage-Rate Buydowns

July 24, 2024 Mariel Alumit

Inventory of completed houses jumps to highest since 2009. This pile-up of spec houses is exactly what the housing market needs. By Wolf Richter for WOLF STREET. Prices of new single-family houses at all stages of construction have […]

ConocoPhillips
International News

ConocoPhillips books capacity at Zeebrugge LNG terminal in Belgium

July 24, 2024 Mariel Alumit

US energy giant ConocoPhillips has signed a deal to book long-term capacity at the Fluxys-operated Zeebrugge LNG import terminal in Belgium. ConocoPhillips revealed the signing of this strategic LNG agreement and another deal in a […]

EU
Finance

EU moves to freeze Russian assets indefinitely – FT

July 24, 2024 Mariel Alumit

The reported plan seeks to give US guarantees that the West would be able to tap into the immobilized funds for as long as needed The EU is mulling a plan to freeze Russian assets […]

Global coal demand
Coal

Global coal demand to stay steady through 2025

July 24, 2024 Mariel Alumit

Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies balance out the effects of increased renewable energy and recovering hydropower. That’s according to the latest […]

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