Daily Standup Top Stories OPEC to increase oil production from July, International Monetary Fund predicts April 24, 2024 Mariel Alumit (Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing […] Reuters […]
Continue ReadingDaily Standup Top Stories California Considers Suing Exxon Over Plastic Pollution April 23, 2024 Mariel Alumit California is close to completing a two-year investigation into Exxon on allegations of plastic pollution. After that, the state will decide whether to sue the supermajor for polluting or not. That’s what California’s Attorney General […] Oil rises as dollar slips, […]
Continue ReadingDaily Standup Top Stories China’s state planner warns intensified EV price war on oversupply April 22, 2024 Mariel Alumit SHANGHAI, April 22 (Reuters) – China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in […] Biden’s damaging […]
Continue ReadingDaily Standup Top Stories Biden set to block millions of acres in Alaska from oil, gas drilling in Earth Day action April 19, 2024 Mariel Alumit The Biden administration is planning to block oil and gas drilling across millions of acres in an Alaskan reserve, which Congress specifically set aside for resource development. The Department of Interior (DOI) is expected […]
Continue ReadingWeekly Daily Standup Top Stories EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 14, 2024 Stu Turley Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where Water scarcity and clean energy collide in South […]
Continue ReadingDaily Standup Top Stories Larry Fink lashes out at BlackRock’s political critics: They ‘continuously lie’ April 17, 2024 Mariel Alumit BlackRock (BLK) CEO Larry Fink lashed out at political critics of the world’s largest money manager in combative new comments Friday, saying they “continuously lie.” The remarks came as his firm continues to face heat […] Japan […]
Continue ReadingDaily Standup Top Stories States are acting to prevent their own electricity crisis April 16, 2024 Stu Turley The Wall Street Journal editorial board warned recently that the Biden Administration’s climate agenda is forcing the retirement of fossil-fueled power plants that supply almost 60 percent of U.S. electricity. These power plants are essential to satisfy America’s rapidly […] Top Indian Refiner […]
Continue ReadingDaily Standup Top Stories What’s Next for Oil? Analysts Weigh In After Iran’s Attack April 15, 2024 Mariel Alumit Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in […] Israeli War […]
Continue ReadingDaily Standup Top Stories Wind farms are useless, says Duke of Edinburgh April 14, 2024 Stu Turley In a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”. He also criticised the industry’s reliance on subsidies from electricity customers, claimed wind farms would “never work” […] Investors Bet On Further […]
Continue ReadingWeekly Daily Standup Top Stories Why gas prices in California ‘have gone ballistic’ April 6, 2024 Stu Turley Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday […] Critical impact — […]
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