Crude Oil News
Is OPEC+ Ready to Start Celebrating?
For the last two years oil prices have really been in a very narrow range from $70/bbl. to $85/bbl. Brent crude so to speak. At the start of this year Brent was trading close to […]
Year: 2024
Exploration and Production
Global natural gas investments to reach almost $9 trillion by 2050
ANKARA The Gas Exporting Countries Forum’s (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the […]
Energy Policy
German output falls for seventh month in row as gloom persists
Germany reinforced its status as ‘the sick man of Europe’ as the once-mighty industrial sector clocked up its longest downturn since the aftermath of reunification three decades ago. Europe’s largest economy and one-time driving force […]
Exports
US weekly LNG exports reach 22 shipments
US liquefied natural gas (LNG) exports rose in the week ending March 27 compared to the week before, according to the Energy Information Administration. The agency said in its weekly report that 22 LNG carriers […]
LNG
QatarEnergy picks shipowners for 18 giant LNG carriers
LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive shipbuilding program, according to shipbuilding sources. In January, LNG Prime was the first to report that state-owned […]
Imports
Yellen Plans To Confront China For ‘Unfair’ Clean Energy Subsidies
U.S. Treasury Secretary Janet Yellen has revealed that she intends to warn Beijing that its national underwriting for energy and other companies is creating oversupply and distorting global markets when she pays the country an official visit. […]
Finance
Expect A Financial Crisis In Europe With France At The Epicenter
The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. The crisis is coming to a head with France and Italy in the spotlight. The first casualty will be Green policy. Compliance […]
Electrical Generation / Utilities
Almost four million smart meters not working properly
Almost four million smart meters in Great Britain are not working properly. According to the Department for Energy Security and Net Zero (Desnez), 2.7 million were not operating in smart mode as of June 2023. […]
Finance
Resurging Corporate Profits Show Inflationary Pressures Are Reheating after Lull: Corporate Profits by Major Industry
By Wolf Richter for WOLF STREET. Corporate pre-tax profits in all nonfinancial domestic industries combined – this excludes our suffering banks and other financial companies – jumped by 5.6% in Q4 from Q3, and by 10.7% year-over-year to […]
International News
The Race to Mine the Ocean is Heating Up
India has applied to the International Seabed Authority (ISA) for two new licenses to explore parts of the Indian Ocean sea bed for minerals crucial to the green energy transition. If they are granted, India would […]