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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

China
Finance

China Delivers Blow To US Economy With Historic Dump of Treasuries

June 7, 2024 Mariel Alumit

Complex relationship Tensions between China and the United States have been on the rise for an extended period, driven by economic competition, geopolitical disagreements, and various diplomatic clashes. Recently, China has intensified this complex relationship […]

Trafigura
Crude Oil News

Trafigura Profit Drops 73% As Oil Price Boom Fades

June 7, 2024 Mariel Alumit

Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]

Biden Administration
Crude Oil News

Biden Administration Seizes Opportunity to Refill SPR Amid Price Dip

June 7, 2024 Mariel Alumit

The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve (SPR), capitalizing on a recent dip in oil prices to bolster the nation’s emergency […]

EU
Electrical Generation / Utilities

EU To Endorse German Plan to Subsidize 10 GW New Gas Power Capacity

June 7, 2024 Mariel Alumit

EU competition regulators have given an informal approval to a German plan to offer state support to new natural gas-fired power capacity of 10 gigawatts (GW) that would help stabilize the grid as Europe’s biggest […]

fossil fuel
Fossil

UN chief calls on governments to stop fossil fuel ads: Where are they already banned?

June 7, 2024 Mariel Alumit

António Guterres called fossil fuel companies the ‘godfathers of climate chaos’ being ‘aided and abetted’ by advertising and PR companies. UN Secretary-General António Guterres has called for advertising agencies and PR companies to stop working […]

EV
Electric Vehicles

EV slump, Hertz fire sale take used Teslas to ‘no haggle’ $25,000 price

June 7, 2024 Mariel Alumit

The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 […]

Putin
BRICS

Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles

June 7, 2024 Mariel Alumit

Russian President Vladimir Putin said Friday that nearly 40% of the country’s trade turnover is now in rubles as the share conducted in dollars, euros and other “non-friendly” Western currencies has fallen away. Speaking at the St. […]

California
Electric Vehicles

Californians Have Become Sacrificial Lambs To The Dems’ Crazy, Costly Energy Schemes by Ronald Stein, P.E.

June 7, 2024 Mariel Alumit

California is obsessed with the concept that JUST electricity from wind turbines and solar panels can replace fossil fuels. The state’s policymakers are oblivious to the reality that wind and solar can ONLY generate “electricity” […]

BMI Analysts
Crude Oil News

BMI Analysts Examine the Good, the Bad, and the Ugly of OPEC+ Policy

June 7, 2024 Mariel Alumit

In a new BMI report sent to Rigzone by Fitch Group, BMI analysts examined “the good, the bad and the ugly” of OPEC+’s new policy. Looking at the “good”, BMI analysts noted in the report […]

Cuba
Geopolitical

Cuba says Russian nuclear sub to dock in Havana next week

June 7, 2024 Mariel Alumit

A Russian nuclear-powered submarine — which will not be carrying nuclear weapons — will visit Havana next week, Cuba’s communist authorities said Thursday. The nuclear submarine Kazan and three other Russian naval vessels, including the missile frigate […]

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