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Home2024September

Month: September 2024

Oil
Crude Oil News

Oil Is Not Out of the Woods Yet

September 18, 2024 Stu Turley

Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […]

Energy Crisis

Renewable Energy’s Rise Creates Challenges for Traditional Power Utilities

September 18, 2024 Stu Turley

The increasing prevalence of renewable energy sources, particularly solar power, is disrupting the traditional power industry and creating challenges for utilities. To remain competitive, energy companies must adopt holistic thinking, diversify their portfolios, and embrace […]

25 Basis Points
Finance

Fed Cuts by 50 Basis Points, to 5.0% Top of Range, Sees Additional 50 Basis Points in 2024, QT Continues

September 18, 2024 Stu Turley

But the longer-run rate for its target rose to 2.9%, continuing the series of increases, slowly but steadily rising from the ashes of the ZIRP era. By Wolf Richter for WOLF STREET. FOMC members voted today to cut […]

nuclear
Press

Russian nuclear test chief says Moscow is ready to resume testing ‘at any moment’

September 18, 2024 Stu Turley

  The head of Russia’s nuclear testing site said on Tuesday (17 September) his secretive facility was ready to resume nuclear tests “at any moment” if Moscow gave the order, in rare comments likely to […]

Kamala
Press

Fake Kamala hit-and-run story is the work of Russian propaganda group, Microsoft says

September 18, 2024 Stu Turley

  A false claim circulating on social media that Democratic presidential candidate Kamala Harris left a 13-year-old girl paralysed after an alleged hit-and-run in San Francisco in 2011 is the work of a covert Russian […]

China
LNG

China boosts August LNG imports

September 18, 2024 Stu Turley

Data from the General Administration of Customs shows that the country received 6.54 million tonnes during the last month, up 5.1 percent year-on-year. The data shows that during January-August, China imported 50.29 million tonnes of […]

Golar
LNG

Golar inks $1.6 billion EPC deal for FLNG conversion

September 18, 2024 Stu Turley

Golar announced the final investment decision on the FLNG project on Wednesday. Under the deal with CIMC Raffles, Black & Veatch will provide its licensed PRICO technology, perform detailed engineering and process design, specify and […]

US
Press

US says Blinken briefed on Ukraine plan to push Russia end the war

September 18, 2024 Stu Turley

  US Secretary of State Antony Blinken was briefed last week during his trip to Kyiv on elements of a Ukrainian plan to push Russia to end the war, US State Department spokesperson Matthew Miller […]

LNG imports
LNG

Japan’s LNG imports up in August

September 18, 2024 Stu Turley

According to provisional data released by the country’s Ministry of Finance, the country’s LNG imports rose 1 percent year-on-year to 5.72 million tonnes last month. LNG imports rose compared to 5.62 million tonnes in July, which marked […]

Woodside
LNG

Woodside, Jera seal long-term LNG supply deal

September 18, 2024 Stu Turley

According to a Woodside statement, under the sales and purchase deal (SPA), Woodside will supply about 0.4 million tonnes, or six cargoes, of LNG per year over 10 years on a delivered basis to Japan, […]

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