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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

US crude
EIA News

US crude, fuel stockpiles rise as refining ramps up, EIA says

June 6, 2024 Mariel Alumit

NEW YORK, June 5 (Reuters) – U.S. crude oil stockpiles rose unexpectedly last week, while gasoline and distillate inventories also increased as refining ramped up and demand fell despite the kick-off of the summer driving […]

Clean energy
Finance

Clean energy investment to double fossil fuels in 2024 – Trusted Sources Like The IEA

June 6, 2024 Mariel Alumit

Global investment in clean energy is projected to nearly double the amount going into fossil fuels in 2024, according to the International Energy Agency (IEA). The anticipated spending on clean energy technologies and infrastructure is […]

Tellurian
Investments

Houston says Tellurian in talks with multiple LNG buyers

June 6, 2024 Mariel Alumit

US LNG firm Tellurian, the developer of the Driftwood LNG export plant in Louisiana, is in negotiations with multiple buyers to sell volumes from the facility after it signed a heads of agreement with Aethon, […]

Oil
Crude Oil News

Oil rises 1% as Fed rate cut optimism offsets demand fears

June 5, 2024 Mariel Alumit

HOUSTON, June 5 (Reuters) – Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed […]

UN
Climate Crisis

UN chief urges fossil fuel ad ban as heat records pile up

June 5, 2024 Mariel Alumit

Humans are as dangerous to Earth as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, urging an end to fossil fuel ads after 12 months that were the hottest on record. […]

Europe
Climate Crisis

Cost of going green sparks backlash from Europe’s voters

June 5, 2024 Mariel Alumit

It is being called a “greenlash”. Resistance to green policies has broken out across Europe. It was all so different in the last European elections five years ago, when young voters especially demanded action against […]

Shell CEO
Big Oil Companies

Shell CEO calls for political stability around energy sector ahead of U.S. presidential election

June 5, 2024 Mariel Alumit

(Bloomberg) – Shell Plc’s chief executive officer used a trip to Washington to deliver a plea for stability months before a US presidential election that threatens more upheaval in the global energy sector. Wael Sawan’s […]

Senator Ted Cruz
Energy Policy

Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax

June 5, 2024 Mariel Alumit

U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act, a release posted on Cruz’s website recently announced. Rigzone asked the Cruz camp what effect […]

Africa
Energy Transition

Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand

June 5, 2024 Mariel Alumit

Heathrow Airport in the UK currently uses more energy than the entire west African country of Sierra Leone. Despite Africa accounting for less than 4% of all global greenhouse gas emissions, many of its countries face significant threats […]

Gas Field
Exploration and Production

China And Iran Secure Key Strategic Iraqi Gas Field

June 5, 2024 Mariel Alumit

The Mansuriya field, holds an estimated 4.5 trillion standard cubic feet of gas and is expected to produce around 300 million scf per day of gas at its peak. For China, the location of the […]

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