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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Black Sea
Geopolitical

Black Sea descends into danger zone territory again

October 8, 2024 Mariel Alumit

The Black Sea has descended into a severe danger zone for merchant shipping with Russian military forces piling into the region and targeting Ukraine’s exports. Having gone all year without any merchant ships coming under […]

lithium mining
Critical Minerals

Serbia’s parliament debates ban on lithium mining

October 7, 2024 Mariel Alumit

BELGRADE, Oct 7 (Reuters) – The Serbian parliament on Monday began debating an opposition proposal to ban lithium and borate mining and exploration, which would effectively put an end to a contested Rio Tinto (RIO.L) […]

Oil
Crude Oil News

Historic Short Squeeze Sends Oil Prices Higher

October 7, 2024 Mariel Alumit

A record short position in oil and energy stocks has led to a historic short squeeze, driving prices sharply higher. Goldman Sachs predicts that Brent crude could reach $90 or higher if the conflict between […]

Climate Crisis

Where is the Oil price going from here?

October 7, 2024 Mariel Alumit

Where is the Oil price going from here? You don’t want to miss this episode of the International blockbuster podcast Energy Realities, with Tammy Nemeth, Irina Slav, David Blackmon and Stu Turley. The geopolitical risk […]

Chevron
Big Oil Companies

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

October 7, 2024 Mariel Alumit

(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]

Equinor
Finance

Equinor buys 9.8% stake in offshore wind developer Orsted

October 7, 2024 Mariel Alumit

OSLO/COPENHAGEN, Oct 7 (Reuters) – Norway’s Equinor (EQNR.OL),  has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted (ORSTED.CO),  it said on Monday, as it seeks to build up its […]

Oil
Crude Oil News

Bad Policies Leave U.S. Vulnerable to Middle East Oil Crisis

October 7, 2024 Mariel Alumit

Tensions in the Middle East have been going on for a year now, and oil supply has not been disturbed. This week, geopolitical risk jumped significantly as Israel is said to be planning strikes on […]

Chevron
Big Oil Companies

Chevron to sell assets worth $6.5 billion to Canadian Natural Resources

October 7, 2024 Mariel Alumit

Oct 7 (Reuters) – Chevron (CVX.N), opens new tab is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources (CNQ.TO),  for $6.5 billion, the oil giant said on Monday as it puts in […]

Shell
Big Oil Companies

Shell expects Q3 LNG trading results to be in line compared to previous quarter

October 7, 2024 Mariel Alumit

Shell revealed this in its third-quarter update note on Monday. The company’s adjusted earnings reached $6.29 billion in the second quarter, a rise of 24 percent compared to the second quarter in 2023, while Shell’s […]

TotalEnergies
Exports

TotalEnergies to supply two more LNG cargoes to Bulgargaz

October 7, 2024 Mariel Alumit

Bulgargaz recently launched three tenders for the delivery of five cargoes during the upcoming autumn-winter season. The company previously awarded the October LNG cargo to TotalEnergies and this shipment was already delivered to Gastrade’s FSRU-based LNG terminal […]

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