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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Sanctions
Crude Oil News

Citing Russia’s shadow fleet, Finland calls for greater oil spill response resources in the Baltic

June 10, 2024 Mariel Alumit

EuropeTankers Greenpeace Littoral states along the Baltic are upping their campaign to take action against Russia’s so-called dark fleet of ageing tankers transiting the region. Finland has called for the European Union to buy a […]

Three ships
Geopolitical

Three ships hit by the Houthis over the weekend

June 10, 2024 Mariel Alumit

Three ships caught on fire after being hit by projectiles off Yemen over the weekend. An Antigua-flagged general cargo ship called Noorderney was struck by a missile 83 nautical miles southeast of Aden and caught […]

Saudi Arabia
Exploration and Production

Saudi Arabia Set for $11.2B Haul From Aramco Sale

June 7, 2024 Mariel Alumit

Saudi Aramco’s mega stock offering will raise at least $11.2 billion for Riyadh, the biggest such deal globally in about three years that will help fund a multitrillion-dollar push to transform the economy. The government […]

Grid
Climate Crisis

Thanks To Wind And Solar, Texas’ Power Grid Risks Blackouts Again This Summer

June 7, 2024 Mariel Alumit

A power grid system serving nearly 30 million Americans could again approach failure this summer, a local utility executive told the San Antonio Express-News. [emphasis, links added] Rudy Garza, CEO of the San Antonio-owned utility […]

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 […]

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