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Home2024September

Month: September 2024

Minnesota
Energy Policy

Federal incentives spur solar panel company to try onshoring its supply chain in Minnesota

September 6, 2024 Mariel Alumit

  Minnesota clean energy and economic development officials say a Canadian solar manufacturer’s planned expansion in the state shows the impact of federal climate incentives for domestic production. Pete Wyckoff, assistant commissioner of federal and […]

US
Geopolitical

US adds more Russian gas ships to its sanctions list

September 6, 2024 Mariel Alumit

The US has added two more Russian-linked LNG carriers and their operators to its sanctions list with the aim of stymying exports from the new Arctic LNG 2 project. The 2007-built 149,700 cu m New […]

27 Russian-linked ships
Geopolitical

Denmark bans 27 Russian-linked ships from calling at its ports

September 6, 2024 Mariel Alumit

Danish authorities have banned 27 Russian-linked ships from calling at local ports or anchorages. Guidelines issued to Danish pilots, seen by Danish media outlets Danwatch and Information, also state that it is forbidden to provide […]

Balance Sheet
Finance

Fed Balance Sheet QT: -$66 Billion in August, -$1.85 Trillion from Peak, to $7.11 Trillion, back to June 2020, Another QT Milestone

September 5, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $66 billion in August, to $7.11 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this level on […]

ESG
Alternative Investments

ESG Investing Faces Backlash as Anti-Oil Stance Boomerangs

September 5, 2024 Mariel Alumit

ESG funds saw outflows for the first time in their history last year, and the trend extended into this year. Alvarez & Marsal: we expect to see a decline in ESG-related campaigns and a renewed […]

August
Finance

Buyers’ Strike Deepened in August Despite Lower Mortgage Rates. Listings Surge, Home Sellers Slowly Drop Prices

September 5, 2024 Stu Turley

Listing prices, YoY: Miami -11.7%, San Diego -9.1%, Kansas City -8.5%, San Francisco -7.7%, Austin -7.6%. Active listings explode in Tampa, San Diego, Miami, Seattle…  By Wolf Richter for WOLF STREET. In August, “the housing market slowed considerably […]

Clean Air Act
Energy Crisis

What you need to know about EPA’s latest Clean Air Act amendments

September 5, 2024 Mariel Alumit

Hazardous air pollutants (HAPs) regulation has recently evolved with the U.S. Environmental Protection Agency’s (EPA) recent amendments to the Clean Air Act. This new rule, finalized on August 30, 2024, aims to ‘enhance public health […]

Gazprom
Crude Oil News

Gazprom CEO Claims Oil Prices Will Soon Stabilize

September 5, 2024 Mariel Alumit

Oil prices have dropped significantly in the past week, with Brent crude falling below $74 per barrel. Gazprom Neft’s CEO, Alexander Dyukov, believes oil prices will stabilize soon despite current pressures. Dyukov added that OPEC+ […]

Iraq
Crude Oil News

OPEC+ Clinches Deal to Pause Planned Oil Hike After Price Rout

September 5, 2024 Stu Turley

OPEC+ agreed to pause its planned oil output hike for two months after prices plunged amid fragile demand and plentiful supply. Key coalition members won’t go ahead with the scheduled hike of 180,000 barrels a day in […]

Gazprom
Geopolitical

Putin Says Russia Ready to Continue Sending Gas Via Ukraine

September 5, 2024 Stu Turley

Moves to shut down gas flows will result in price hikes: Putin Russia aims to expand its share of the global LNG market Russia is ready to continue sending gas to Europe via pipelines across […]

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