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Home2024September

Month: September 2024

Germany
Geopolitical

Germany Is Considering Ending Asylum Entirely

September 13, 2024 Mariel Alumit

As the German government takes unprecedented steps to police its borders, the center right is demanding to go much further still. In the context of a turbulent and unsatisfying three years in office, the incredibly […]

Golden Pass
LNG

Construction moving forward on Golden Pass LNG terminal

September 13, 2024 Mariel Alumit

State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while US energy firm ExxonMobil has a 30 […]

Musk
Geopolitical

Musk channels Star Wars over WWIII threat

September 13, 2024 Mariel Alumit

  The billionaire has weighed in on a potential imminent escalation of the Ukraine conflict US entrepreneur Elon Musk has reacted with foreboding to President Vladimir Putin’s warning to NATO about the consequences of potential long-range […]

LNG
International News

Atlantic LNG shipping rates continue to slide

September 13, 2024 Mariel Alumit

Last week, Atlantic rates dropped below $60,000 per day. “Spark30S Atlantic rates continued to fall this week, dropping $1,500 to $57,750 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday. Image: Spark He […]

Hurricane Francine
EIA News

Hurricane Francine has taken energy infrastructure offline

September 13, 2024 Mariel Alumit

Hurricane Francine made landfall Wednesday on the Louisiana coast before being downgraded to a tropical storm, taking some energy infrastructure offline along the U.S. Gulf Coast from Louisiana through Alabama. Detailed information on energy infrastructure […]

MOL
ESG

MOL, Chevron join forces on first wind-assisted LNG carrier

September 12, 2024 Mariel Alumit

Japan’s shipping firm MOL and a unit of US energy giant Chevron joined forces on what they say is the world’s first LNG carrier equipped with wind-assisted ship propulsion systems. MOL and Chevron Shipping entered […]

The Most Splendid Housing Bubbles in America
Finance

The Most Splendid Housing Bubbles in America: Price Declines Spread to 25 Metros of Top 28, with 19 Below 2022 Peaks. 3 Set New Highs

September 12, 2024 Stu Turley

Biggest declines: San Francisco, San Jose, Austin, Denver, San Diego, Seattle, Dallas, Salt Lake City, Honolulu, Phoenix, Portland, Houston, Los Angeles, Nashville, Charlotte, Tampa By Wolf Richter for WOLF STREET. Our series, “The Most Splendid Housing Bubbles in […]

PPI
Finance

Services PPI Bounces Back in August from July, Rises Year-over-Year. Core Goods PPI Jumps

September 12, 2024 Stu Turley

But a drop in energy prices had a soothing effect on overall PPI, which also accelerated, but by less. By Wolf Richter for WOLF STREET. The Core Producer Price Index bounced back sharply in August from the negative […]

refinery
Crude Oil News

Scotland’s only oil refinery confirmed to close next year

September 12, 2024 Mariel Alumit

Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs. Petroineos said the closure of Grangemouth was due to it being unable to compete with sites […]

Europe's LNG
Imports

Europe’s LNG Ambitions Face Reality Check

September 12, 2024 Mariel Alumit

Europe’s LNG imports fell 20% year-over-year in the first half of 2024, signaling a potential peak in demand. Despite declining imports, European countries continue to invest in LNG import terminals, risking overcapacity by 2030. IEEFA […]

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