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Home2024

Year: 2024

SWIFT
Digital Currencies

SWIFT planning launch of new central bank digital currency platform in 12-24 months

March 28, 2024 Mariel Alumit

LONDON, March 25 (Reuters) – Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to […]

US
Climate Crisis

Surge of new US-led oil and gas activity threatens to wreck Paris climate goals

March 28, 2024 Mariel Alumit

The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a […]

Haynesville shale
Exploration and Production

Haynesville shale attracting investor interest in IPOs, Aethon Energy Management reports

March 28, 2024 Mariel Alumit

(Bloomberg) – There is growing investor interest in more publicly traded drillers in the natural gas-rich Haynesville shale of Louisiana, according to closely held Aethon Energy Management. There’s “a lot of desire out there to […]

global oil refining capacity
Downstream

More than 20% of global oil refining capacity at risk, analysis finds

March 28, 2024 Mariel Alumit

LONDON, March 28 (Reuters) – More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the […]

Houthis
Commodities

Houthis Conduct 6 Drone & Missile Attacks Targeting Ships Over Past 72 Hours

March 28, 2024 Mariel Alumit

Houthi terrorists in Yemen have claimed responsibility for six attacks on ships in the Red Sea and the Gulf of Aden in the last 72 hours, using drones and missiles. They claimed the vessels they […]

US Debt
Finance

CBO Director Warns Of Debt Market Meltdown With US Debt On “Unprecedented” Trajectory

March 28, 2024 Mariel Alumit

We’ve been pointing it out for so long – in fact, for most of our 15 years in existence – that it has become more of a chore than actual reporting, especially since the “number only go […]

Energy
AI

Data Centre Energy Usage to Increase Six Fold In Ten Years

March 28, 2024 Mariel Alumit

As the National Grid nears capacity, and AI is set to consume even more energy, “the time is right to think beyond tomorrow,” John Pettigrew, chief executive of the National Grid, said.  Advancing AI and quantum computing, […]

gas
Downstream

Gasoline Prices Are High And Probably Going Higher

March 28, 2024 Mariel Alumit

Americans are feeling pain at the gas pump again, and consensus is rising that the pain won’t be easing anytime soon. If traders, analysts and industry executives are right, consumers could be looking back on […]

Baltimore Bridge collapse
Coal

Baltimore Bridge collapse sends ripples through Indian Coal, Petcoke markets

March 28, 2024 Mariel Alumit

New Delhi [India], March 27 (ANI): The collapse of the Francis Scott Key bridge in Baltimore, USA, has reverberated across the Indian coal and petcoke markets, sparking concerns about potential supply chain disruptions and price […]

Saudi Aramco
Big Oil Companies

Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’

March 28, 2024 Mariel Alumit

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. “In the real world, the current transition strategy […]

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