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Home2024

Year: 2024

China
Climate Crisis

China Funds Big Green Groups While Russia Funds Anti-Fracking Groups ANTI-DRILLING/FOSSIL FUEL | INDUSTRYWIDE ISSUES

January 5, 2024 Mariel Alumit

China Funds Big Green Groups While Russia Funds Anti-Fracking Groups The two biggest enemies of the United States, Russia and China, are attacking our country and its fossil fuel infrastructure using proxies — nonprofit groups […]

California
Housing

California beats every state for most residents moving away for fourth year in a row: U-Haul list

January 5, 2024 Mariel Alumit

For the fourth year in a row, liberal California topped U-Haul’s Growth Index list for having the largest net outbound movers in 2023. U-Haul publishes its Growth Index report every year, analyzing the difference between the number […]

BRICS
BRICS

Iran aims to form joint currency with BRICS nations

January 5, 2024 Mariel Alumit

Iran’s deputy foreign minister, Mahdi Safari, said on 3 January that Tehran is interested in forming a unified currency with member states of the BRICS group of emerging economies. “We are interested in creating a […]

Crude Oil News

US preparing for expansion of Gaza conflict – Politico

January 5, 2024 Stu Turley

Washington is discussing scenarios that could potentially draw it into a war in the Middle East, officials told the outlet The White House is worried that the conflict in Gaza could expand to other parts […]

Commodities

Spot LNG shipping rates continue to decline

January 5, 2024 Mariel Alumit

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European prices also decreased compared to the previous week. Last week, spot LNG freight rates continued their […]

Exports

GAIL, Vitol seal long-term LNG supply deal

January 5, 2024 Mariel Alumit

India’s largest gas utility GAIL has signed a long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol. Under the deal, Vitol Asia will deliver 1 million metric tons of LNG to GAIL […]

Russia
Geopolitical

EU nation to ban Russian LNG imports

January 5, 2024 Stu Turley

The embargo will come into force in 2025, Finnish Climate Minister Kai Mykkanen says Finland will ban imports of Russian liquefied natural gas (LNG) from next year, Environment and Climate Minister Kai Mykkanen said on […]

Crude Oil News

Oil falls on massive US fuel inventory builds

January 5, 2024 Mariel Alumit

Yahoo Finance (Reuters) –Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, […]

Downstream

Phillips 66 in talks for non-core assets sale: CEO

January 5, 2024 Stu Turley

Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]

Electrical Generation / Utilities

Rooftop Solar Companies Hurting from Net Metering Changes

January 5, 2024 Mariel Alumit

Despite enormous federal and state subsidies for rooftop solar installations, the industry is failing due to a change in California’s “net metering” law that lowered the rate that rooftop homeowners could receive for their excess […]

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