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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

OPEC is Looking for Market Share While Playing the Long Game
International News

Oil prices fall as OPEC+ extends oil production cuts into 2025

June 3, 2024 Mariel Alumit

Crude oil prices (CL=F, BZ=F) are falling after OPEC+ announced it will extend its oil production cuts into 2025. Traders widely expected this move, but some of those production cuts will begin to be phased out […]

Oil
Crude Oil News

Oil hits four-month low as OPEC+ decision fails to allay demand worries

June 3, 2024 Mariel Alumit

NEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […]

Houthi Rebels
Geopolitical

Houthi Rebels Claim a Second Attack on Carrier USS Eisenhower

June 3, 2024 Mariel Alumit

On Saturday, Yemen’s Houthi rebels claimed that their forces carried out six attacks on shipping in the Red Sea and Gulf of Aden, including an attempted strike on the carrier USS Dwight D. Eisenhower and another on […]

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 […]

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