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Home2024July

Month: July 2024

Big Oil Companies

Interior Department Closes Alaska to Drilling

July 11, 2024 Clark Savage

Daily Standup Top Stories 1PointFive Signs an Agreement to Sell 500,000 Metric Tons of Carbon Credits to Microsoft July 10, 2024 Mariel Alumit 1PointFive has signed an agreement to supply Microsoft with 500,000 metric tons of […]

Houthi Attacks in Red Sea
Geopolitical

Houthi Attacks in Red Sea Sharply Increase

July 10, 2024 Clark Savage

Recent Houthi attacks in the Red Sea have sharply increased, disrupting shipping routes and impacting oil markets, Rystad Energy Global Market Analysis Director Claudio Galimberti said in a market update sent to Rigzone by the Rystad team […]

Oil
Crude Oil News

Oil settles higher on hopeful demand outlook as US oil stocks sink

July 10, 2024 Clark Savage

HOUSTON, July 10 (Reuters) – Oil prices settled higher on Wednesday after a jump in U.S. refining activity last week drove a larger-than-expected decline in gasoline and crude inventories, but gains were capped due to […]

Housing Market
Finance

Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%

July 10, 2024 Clark Savage

Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” By Wolf Richter for WOLF STREET. However we […]

Minnesota
EnergyNews

Minnesota solar rebate extension gives installers longer runway to reach lower-income customers

July 10, 2024 Clark Savage

  The “solar-coaster” is about to get a little smoother for Minnesota solar installers. State lawmakers this spring extended funding for a rooftop solar rebate program through 2035, bucking a trend of two-year renewals that […]

1PointFive
Carbon Capture

1PointFive Signs an Agreement to Sell 500,000 Metric Tons of Carbon Credits to Microsoft

July 10, 2024 Clark Savage

1PointFive has signed an agreement to supply Microsoft with 500,000 metric tons of carbon credits for the next six years. Takeaway Points 1PointFive signs an agreement to sell 500,000 metric tons of carbon credits to […]

grid alert
Coal

Brian Zinchuk: Alberta’s last coal plant shuts down, and days later, a grid alert is declared

July 10, 2024 Clark Savage

On July 6, the Pembina Institute published a paper by executive director Chris Severson-Baker on July 6, headlined, “For the first time in more than 150 years, Alberta’s electricity is coal free.” And on July […]

Shell
LNG

Shell takes FID on Manatee gas project to supply Trinidad’s Atlantic LNG

July 10, 2024 Clark Savage

A unit of UK-based LNG giant Shell has taken the final investment decision for the development of the Manatee gas field to supply Trinidad and Tobago’s Atlantic LNG export plant. Shell said in a statement […]

refinery
EIA News

West Coast summer refinery margins decline despite reduced capacity

July 10, 2024 Clark Savage

In our June 2022 Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will be relatively high this summer in response to strong wholesale prices for petroleum products, such as diesel and gasoline, which have increased more than […]

Shell
Big Oil Companies

BREAKING NEWS- Shell to grow LNG business with 2027 Manatee natural gas production start-up offshore Trinidad and Tobago

July 10, 2024 Clark Savage

(WO) – Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell plc, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped natural gas field in the East Coast Marine Area (ECMA) […]

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