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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

power outage
Data Center

Southwest power outage causes widespread flight delays

June 3, 2024 Mariel Alumit

Numerous Southwest Airlines flights were delayed as the company reported a power outage hit its data centers in the Dallas area on Wednesday. Why it matters: While a Southwest Airlines spokesperson said it had “resolved a brief technology […]

EU
Geopolitical

S&P Global: EU Could Finalise Russia LNG Sanctions in June

June 3, 2024 Mariel Alumit

The European Union is gearing up to put the finishing touches on its 14th sanctions package on Russian energy this month, with sanctions targets to include shipments of Russian LNG, the European energy commissioner has […]

North America
Crude Oil News

North America Adds Rigs Again

June 3, 2024 Mariel Alumit

North America added eight rigs week on week, according to Baker Hughes’ latest rig count, which was released on May 31. While the U.S. rig count stayed flat, Canada added eight rigs week on week, […]

Houthis
Geopolitical

Houthis fire barrage of drones, missiles at ships, including US destroyer

June 3, 2024 Mariel Alumit

AL-MUKALLA: The US military said Yemen’s Houthi militia has fired a new wave of drones and missiles into international shipping lanes off Yemen, including two missiles aimed at a US warship in the Red Sea. […]

Enbridge
Data Center

Enbridge Constructing $1.2B Solar Farm in Wyoming to Power Influx of Data Centers and Large Industrial Customers

June 3, 2024 Mariel Alumit

Enbridge Inc., a Canadian energy developer, has received construction and operation approval to build the largest solar power project in the State of Wyoming. The $1.2 billion solar project will feature more than 1.2 million […]

Energy secretary
Electrical Generation / Utilities

Energy secretary calls for more nuclear power while celebrating $35 billion Georgia reactors

June 3, 2024 Mariel Alumit

WAYNESBORO, Ga. — U.S. Energy Secretary Jennifer Granholm on Friday called for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished the […]

Federal Reserve
Finance

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

June 3, 2024 Mariel Alumit

The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […]

Steadier Oil Prices
Big Oil Companies

U.S. Shale Mergers Could Bring Steadier Oil Prices

June 3, 2024 Mariel Alumit

The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]

Ship-to-Ship Oil Transfers
Crude Oil News

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

June 3, 2024 Mariel Alumit

Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to vessel-tracking data compiled by Bloomberg. The […]

Q1 2025 Saudi Aramco earnings
Big Oil Companies

Saudi Aramco’s $12 billion share sale sells out in mere hours

June 3, 2024 Mariel Alumit

(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]

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