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Home2024December

Month: December 2024

California
Climate Crisis

Calif. Hit With Lawsuits Over ‘Cartel-Like’ EV Rules Impacting Truckers, Consumers

December 31, 2024 Mariel Alumit

California state regulators and some truck manufacturers have faced mounting pushback from truck drivers and red states over its massive push toward statewide electric vehicle (EV) adoption. [emphasis, links added] After Democratic California Gov. Gavin Newsom signed […]

Coal Demand
Climate Crisis

Study: Global Coal Demand Hits Record High In 2024 – Driven By China

December 31, 2024 Mariel Alumit

A study published this month by the International Energy Agency (IEA) revealed that global demand for coal, and global coal production, broke records in 2024, largely as a result of both supply and demand coming from communist […]

Volkswagen
Climate Crisis

Despite Sluggish EV Sales, Volkswagen Buys Major Stake In Lithium Mine

December 31, 2024 Mariel Alumit

Volkswagen Group will spend $69 million on a 9.9 percent stake in lithium miner Patriot Battery Metals Inc. to secure raw materials for electric vehicles. The investment marks the European carmaker’s first investment in the […]

Xi
Geopolitical

Xi vows inevitable reunification with Taiwan

December 31, 2024 Mariel Alumit

  The Chinese president has advocated the One-China principle in his New Year address to the nation Chinese President Xi Jinping has once again stressed the importance of the One-China policy regarding Taiwan, saying reunification […]

Crude Oil News

Oil Prices Remain Rangebound as 2024 Draws to a Close

December 31, 2024 Clark Savage

Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts. US oil demand hit a new record […]

Chinese hackers
Cyber Terrorism

US Treasury says Chinese hackers stole documents in ‘major incident’

December 31, 2024 Mariel Alumit

  Chinese state-sponsored hackers breached the US Treasury Department’s computer security guardrails this month and stole documents in what Treasury called a “major incident,” according to a letter to lawmakers that Treasury officials provided to […]

Russian gas
Geopolitical

Russian gas flows via Ukraine for last day as transit deal crumbles

December 31, 2024 Mariel Alumit

  Russia pumped gas on Monday (30 December) to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete […]

Subsea 7
International News

Subsea 7 gets work on Turkish offshore gas field

December 31, 2024 Mariel Alumit

Turkish Navy Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore […]

Coal

European Gas Prices

December 31, 2024 Andy Del Prado

Daily Standup Top Stories High Gas Prices Spell Tough Start to 2025 for European Consumers December 30, 2024 Clark Savage End of Russia-Ukraine transit will add strain to tight market Higher prices set to last longer […]

Geopolitical

High Gas Prices Spell Tough Start to 2025 for European Consumers

December 30, 2024 Clark Savage

End of Russia-Ukraine transit will add strain to tight market Higher prices set to last longer with futures showing premium European gas prices are up about 45% this year, adding to the burden on households […]

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