Finance
Month: October 2024
Crude Oil News
‘Dark Fleet Oil Tanker Train’ Hauling Russian Crude To Indian Refineries Shows Ineffectiveness Of G7 Sanctions
Chinese and Indian oil traders have been responsible for the explosive growth of dark fleet tankers hauling Russian crude to Asia, evading Western sanctions. A new report titled “BRICS+ Energy: Engine of the New World Order” from the Valdai International […]
Downstream
California’s energy dilemma and how new laws might spark even higher gas prices
Governor Gavin Newsom recently signed a law aimed at preventing gas price spikes in California, but experts say the new regulations could have unintended consequences that harm consumers and the industry. The recent closure announcement […]
Energy Policy
Russia has “unlimited” energy resources – Putin
The country has proven itself to be a stable partner in the energy sector, the president has said Russia has an unlimited amount of energy resources, President Vladimir Putin said during a BRICS media gathering […]
Climate Crisis
Week Recap: Rising Oil Risks, Inflation, and the Push for Alternative Power
Weekly Daily Standup Top Stories Israel-Iran: A strike on oil assets could revive inflation October 12, 2024 Stu Turley When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime […]
Finance
Crude Oil News
Gavin Newsom Chases Another Oil Company Out of California
Phillips 66 announced Wednesday that it plans to close operations at its Los Angeles-area refinery late in 2025. The company said in a press statement that it “will work with the state of California to supply fuel […]
Climate Crisis
‘Net Zero’ Will Make Wall Street Richer at Main Street’s Expense – Proven True
ENB Pub Note: This article was originally published in the WSJ opinion section in November 2021, and Joshua Rauh and Mels de Zeeuw made some great points. Green Energy Policies have resulted in the deindustrialization […]
Crude Oil News
U.S. Drilling Activity Stumbles As Prices Remain Volatile
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 […]
Electrical Generation / Utilities
Cuba’s power grid fails, plunging country into darkness
HAVANA/HOUSTON, Oct 18 (Reuters) – Cuba’s national electrical grid shut down on Friday after one of the island’s major power plants failed, Cuba’s energy ministry said, plunging the entire country into a blackout. The Communist-run […]