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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

GE Vernova
Offshore

GE Vernova blames faulty manufacturing for Vineyard Wind blade incident

July 25, 2024 Mariel Alumit

The manufacturer of the damaged blade on the Vineyard Wind farm, GE Vernova, has revealed the findings of a preliminary investigation and claims that the problem was faulty manufacturing, not a design flaw. The turbine […]

Prices
Finance

New-House Prices Solidly below Existing House Prices as Inventory Piles Up. Sales Hobble Along, Supported by Big Incentives & Mortgage-Rate Buydowns

July 24, 2024 Mariel Alumit

Inventory of completed houses jumps to highest since 2009. This pile-up of spec houses is exactly what the housing market needs. By Wolf Richter for WOLF STREET. Prices of new single-family houses at all stages of construction have […]

ConocoPhillips
International News

ConocoPhillips books capacity at Zeebrugge LNG terminal in Belgium

July 24, 2024 Mariel Alumit

US energy giant ConocoPhillips has signed a deal to book long-term capacity at the Fluxys-operated Zeebrugge LNG import terminal in Belgium. ConocoPhillips revealed the signing of this strategic LNG agreement and another deal in a […]

EU
Finance

EU moves to freeze Russian assets indefinitely – FT

July 24, 2024 Mariel Alumit

The reported plan seeks to give US guarantees that the West would be able to tap into the immobilized funds for as long as needed The EU is mulling a plan to freeze Russian assets […]

Global coal demand
Coal

Global coal demand to stay steady through 2025

July 24, 2024 Mariel Alumit

Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies balance out the effects of increased renewable energy and recovering hydropower. That’s according to the latest […]

South China Sea
Geopolitical

China and the U.S. Are Careening Toward a South China Sea Crisis

July 24, 2024 Mariel Alumit

A failure of deterrence risks pushing the region into deeper conflict. Last November’s summit between U.S. President Joe Biden and Chinese President Xi Jinping in Woodside, California, was hailed as a harbinger of progress in […]

Ohio
Climate Crisis

Ohio advocates seek to ‘Trump-proof’ recent gains made on clean energy and climate

July 24, 2024 Mariel Alumit

  Advocates in Ohio are stepping up their clean energy efforts in response to the Republican party platform and Project 2025, which detail how a second Trump administration would promote fossil fuels while cutting back […]

Mortgage Rates
Finance

Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop Further except at High End

July 23, 2024 Mariel Alumit

A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from […]

Kamala Harris
Energy Policy

Kamala Harris: ‘No question’ I Would Ban Fracking

July 23, 2024 Mariel Alumit

The reality is that Kamala Harris has made her position on fracking perfectly clear. Source: Realclearenergy.org Take the Survey at https://survey.energynewsbeat.com/ 1031 Exchange E-Book Crude Oil, LNG, Jet Fuel price quote ENB Top News  ENB […]

Oil Prices
Crude Oil News

Oil Prices Under Pressure Despite Bullish Catalysts

July 23, 2024 Mariel Alumit

Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden’s decision to drop out of the presidential race. – The Asian oil market […]

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