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Home2024August

Month: August 2024

Ford
Electric Vehicles

Ford’s $5 Billion EV Loss Sparks Strategic Shift Towards Hybrids

August 22, 2024 Mariel Alumit

Ford cancels its planned electric SUV and delays its electric pickup truck launch due to pricing pressures and increased competition. The company will take $1.9 billion in charges and write-downs as a result of the […]

Gas Pipeline
Geopolitical

Geopolitical Shifts Cast Shadow on Russia-China Gas Pipeline

August 22, 2024 Mariel Alumit

Mongolia’s government has excluded the Power of Siberia-2 natural gas pipeline from its spending plans for the next four years, signaling potential delays or even cancellation of the project. Stalled negotiations between Russia and China […]

Geopolitical

Second US aircraft carrier arrives in the Middle East

August 22, 2024 Mariel Alumit

  The USS Abraham Lincoln and several destroyers are now in the region amid fears of a broader conflict between Israel and Iran The USS Abraham Lincoln aircraft carrier strike group has arrived in the […]

Coal
Climate Crisis

Net Zero? Govt Docs Show Coal Will Remain The ‘Backbone’ Of India’s Energy Mix

August 22, 2024 Mariel Alumit

A govt policy brief encourages a balanced response to climate change and criticizes policies that reduce emissions at the expense of India’s development. Most discussions of India’s annual budget are being dominated by the increased […]

Climate Change
Climate Crisis

Why California’s ‘Hottest Month Ever’ Isn’t Proof Of Long-Term Climate Change

August 22, 2024 Mariel Alumit

In the traditionally hot places of California, some new high-temperature records were set. That’s not news in the context of climate change. The Press Democrat, the newspaper of record for Santa Rosa California, published an […]

Russian Oil
Crude Oil News

Kyiv Keeps Russian Oil in the Crosshairs

August 22, 2024 Mariel Alumit

The pinprick attacks boost morale, but they don’t much dent Moscow’s energy earnings. While Ukraine’s surprise combined-arms incursion into the Russian oblast of Kursk gets all the headlines, Kyiv continues to carry out a parallel, […]

production
Crude Oil News

Permian production forecast growth driven by well productivity, pipeline capacity

August 22, 2024 Mariel Alumit

In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average […]

offshore wind
Offshore

US starts work on second Central Atlantic offshore wind auction

August 22, 2024 Mariel Alumit

The US Bureau of Ocean Energy Management (BOEM) has announced that it will be publishing a call for a second regional offshore wind energy sale in the Central Atlantic. This call invites public feedback on […]

Chinese steel
Finance

Only 5% of Chinese steel producers are currently profitable

August 22, 2024 Mariel Alumit

The Chinese steel industry is going through a “winter”, according to the head of the world’s largest steel producer, with analysts warning the sector – vital for capesize owners – faces prolonged decline. Steel production […]

railways
International News

Canada’s two largest railways shut down

August 22, 2024 Mariel Alumit

Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) […]

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