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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Chevron
Fossil

Chevron retrofits LNG fleet to cut methane slip

September 20, 2024 Mariel Alumit

Wärtsilä, in partnership with Chevron Shipping, is converting one engine on six of Chevron’s LNG carriers from dual-fuel (DF) to spark gas (SG) operation, a first-of-its-kind project in the marine industry aiming to reduce methane […]

Mortgage Rates
Finance

Demand for Existing Homes Wilts, Supply Spikes to Highest for any August since 2018, Prices Dip, Despite Mortgage Rates that Have Plunged for 10 Months

September 19, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. The new motto: Lower mortgage rates and too-high prices cause demand to wilt as potential buyers wait for still lower mortgage rates, lower prices, and higher wages – something that Fannie Mae […]

Crude Oil
Crude Oil News

Saudi Arabia’s Crude Oil Exports Slumped to an 11-Month Low in July

September 19, 2024 Mariel Alumit

Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]

Oil Prices
Crude Oil News

Oil Prices Resume Post-Cut Rally Despite Demand Doubts

September 19, 2024 Mariel Alumit

Oil prices climb on the Fed’s rate cut, initially dampened by worries about the U.S. economy but lifted by ongoing tensions in the Middle East. Geopolitical uncertainty, including explosions in Lebanon, contributes to a shift […]

Chevron CEO
Energy Policy

Chevron CEO: Biden’s LNG Moratorium Fails on All Fronts

September 19, 2024 Mariel Alumit

Chevron CEO Mike Wirth argues that the Biden administration’s green policies, particularly the moratorium on new LNG export permits, are undermining US energy security and raising energy costs. Wirth warns that these policies are hindering […]

LNG Industry
Geopolitical

LNG Industry Faces Uncertain Future

September 19, 2024 Mariel Alumit

The LNG industry is facing a series of challenges, including regulatory hurdles, supply chain disruptions, and price sensitivity, which could impact its future growth. Asian demand for LNG, a key driver of the industry’s expansion, […]

TotalEnergies
International News

TotalEnergies and CNOOC extend LNG supply deal

September 19, 2024 Mariel Alumit

TotalEnergies revealed this in a statement on Thursday saying it is part of its strategy to grow its long-term LNG sales. The company announced a 5-year extension of its SPA with CNOOC, for the delivery […]

Grid Operators
Climate Crisis

Grid Operators Sound Alarm: EPA Rules Could Push System To The Brink

September 19, 2024 Mariel Alumit

Four grid operators warn that the EPA’s new power plant rules will lead to premature plant retirements, risking a grid collapse and threatening power reliability. The Biden-Harris administration says that its stringent power plant rules […]

Green Energy
Climate Crisis

New Labor Dept. Report Uncovers Dark Side Of Green Energy Transition

September 19, 2024 Mariel Alumit

A Department of Labor report highlights how key materials used in green energy products are acquired through child or slave labor. Those pushing a green energy transition in the U.S. and beyond will need to […]

Weather
Climate Crisis

1,000-Year Event? More Like Media Myth—Climatologist Exposes Overblown Weather Claims

September 19, 2024 Mariel Alumit

Media claims of 1,000-year storms are based on shaky data. A climatologist reveals the truth behind these overblown weather predictions. When the media claims we’re experiencing a “once in 500-year” or “once in 1,000-year” weather […]

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