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Home2024

Year: 2024

Imports

Orlen: Polish LNG imports continue to rise

January 3, 2024 Stu Turley

Poland’s LNG imports via the Swinoujscie terminal rose almost 6 percent in 2023 compared to the year before, boosted by shipments from the US, according to Orlen. The Swinoujscie LNG terminal received 62 cargoes or […]

Carolina
Electrical Generation / Utilities

Commentary: Demand response could have prevented blackouts in North Carolina

January 3, 2024 Stu Turley

​The following commentary was written by Shelley Hudson Robbins, Project Director at the Clean Energy Group. See our commentary guidelines for more information. The North Carolina Utilities Commission just dropped a riveting order outlining the nightmare […]

OPEC+
Crude Oil News

OPEC+ set to hold monitoring meeting in early February

January 3, 2024 Mariel Alumit

Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, though an exact has not been decided, three sources from the alliance said. […]

Crude Oil News

Oil prices fall as economic headwinds offset worries about Red Sea

January 3, 2024 Mariel Alumit

Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Source; Reuters […]

Big Oil Companies

Chevron to take up to $4 billion in charges in Q4

January 3, 2024 Mariel Alumit

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had […]

Finance

The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion

January 3, 2024 Stu Turley

Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. By Wolf Richter for WOLF STREET. The total US national debt spiked by $1.0 trillion in 15 […]

Big Oil Companies

Daily Energy Standup Episode #278 – OPEC’s Influence, LNG Ventures, and 2024 Market Outlook

January 3, 2024 Andy Del Prado

Daily Standup Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by […]

Electric Vehicles

Tesla’s Deliveries in 2023 Jump 38% YoY, Rivian’s 146%, while Ford and GM Are Tangled Up in Anti-EV Revolts by their Dealers

January 2, 2024 Stu Turley

Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse. By Wolf Richter for WOLF STREET. Tesla’s global deliveries in 2023 jumped by 38% to about 1.81 million vehicles, a new record […]

Eni
Exploration and Production

Eni introduces gas into Congolese LNG project in “record time”

January 2, 2024 Mariel Alumit

(WO) – Eni announced the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters. Gas introduction has been achieved in record time– only twelve months after the final investment decision. […]

Maersk
Geopolitical

Maersk halts Red Sea shipping until further notice after Houthi militant attack

January 2, 2024 Mariel Alumit

Maersk has paused shipping through the Red Sea until further notice after one of its vessels came under attack from Houthi militants over the weekend. The decision by the Danish shipping giant extends a 48-hour […]

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