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Home2024December

Month: December 2024

International News

Kremlin reacts to Hunter Biden pardon

December 3, 2024 Andy Del Prado

Spokesman Dmitry Peskov has referred to the US president’s decision regarding his son as “American internal affairs” The Kremlin has refused to comment on US President Joe Biden’s decision to pardon his son. The outgoing […]

Woodside
LNG

Woodside resumes Pluto LNG production

December 3, 2024 Mariel Alumit

“Pluto LNG production has resumed,” a Woodside spokesperson told LNG Prime on Monday. The spokesperson did not provide further information. On November 25, Woodside shut down the Pluto LNG facility due to a fault in the Pluto […]

US
Finance

Beijing vows to protect itself from US economic ‘bullying’

December 3, 2024 Mariel Alumit

Washington has restricted the export of a broad range of chipmaking tools and software to China China’s Ministry of Commerce has vowed to take “necessary measures” to safeguard its interests after the US imposed sweeping […]

Climate Crisis

For Net Zero, UK Climate Advisers Urge Brits To Eat Less Meat, Take Fewer Flights, And Buy EVs

December 3, 2024 Andy Del Prado

Brits were told to fly less, eat less meat and buy EVs to hit Net Zero goals, despite the PM saying he wouldn’t tell people how to live their lives. Britons will have to fly […]

Climate Crisis

Brits Shell Out $1.26 Billion To Shut Off Wind Farms As Grid Struggles

December 3, 2024 Mariel Alumit

British billpayers have spent an “absurd” £1bn [$1.26bn] to temporarily switch off wind turbines so far this year as the grid struggles to cope with their power. [emphasis, links added] The amount of wind power “curtailed” in […]

Climate Crisis

11 States Sue BlackRock, Vanguard, State Street For Intentionally Driving Up Electric Prices

December 3, 2024 Andy Del Prado

BlackRock Inc., Vanguard Group Inc., and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet […]

minerals
Critical Minerals

New minerals strategy on its way

December 3, 2024 Andy Del Prado

With the global rush for critical minerals to enable the net zero transition, Labour will announce today a new strategy to secure the UK’s needs. Industry Minister Sarah Jones will reveal a new Critical Minerals […]

Germany’s CO2 Tax
Climate Crisis

Germany’s CO2 Tax Set To Rise Again In 2025, Delivering More Energy Pain For All

December 3, 2024 Mariel Alumit

Germany’s CO2 tax is set to rise in 2025, pushing heating and energy costs higher for both consumers and businesses. Germany’s CO2 tax is set to increase from the current 45 euros a tonne to […]

Downstream

US Has Natty Gas for days!

December 2, 2024 Andy Del Prado

Daily Standup Top Stories Traders Become More Bullish on European Diesel as Winter Arrives December 2, 2024 Mariel Alumit Hedge funds and portfolio managers are reducing their short positions on European diesel futures. Rising natural gas […]

Price
Finance

Factory Construction Spending Soars to New Record, +16% YoY, +242% since 2019: Result of Corporate & Strategic Rethink

December 2, 2024

Trump’s tariffs — a tax on profit margins of US & foreign companies — will push in the same direction as Biden’s taxpayer-and-debt-funded incentives.

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