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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

AI
Energy Crisis

Power grids are facing more demand than ever. Policy needs to catch up.

April 15, 2024 Mariel Alumit

Todd Snitchler is the president and CEO of the Electric Power Supply Association, which represents U.S. competitive power suppliers. For the first time in decades, power demand is growing rapidly across nearly every part of the country […]

Tesla
Electric Vehicles

Tesla lays off more than 10% of staff globally as sales fall

April 15, 2024 Mariel Alumit

BERLIN, April 15 (Reuters) – Tesla (TSLA.O),  told staff it is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales […]

EV
Big Oil Companies

BP Cuts Jobs as Supermajor Scales Back EV Charging Unit

April 15, 2024 Mariel Alumit

BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, […]

Shell
Big Oil Companies

Why ‘the dam would break’ if Shell quit the FTSE

April 15, 2024 Mariel Alumit

Endless hours have been spent imagining a world without oil as net zero looms decades in the future. In London, however, stock exchange chiefs face the prospect of a more immediate – and more worrying […]

Oil
Crude Oil News

What’s Next for Oil? Analysts Weigh In After Iran’s Attack

April 15, 2024 Mariel Alumit

Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in […]

EV
Electric Vehicles

Concern mounting over Europe’s sliding EV sales ahead of 2035

April 15, 2024 Mariel Alumit

Electric cars are a key part of Europe’s green transition plans but the road ahead remains littered with obstacles with 10 years to go before a crucial milestone. Despite the fact that the sale of new […]

Tanzania
Big Oil Companies

Tanzania seeks partners for its $40B LNG project, gas prospects

April 15, 2024 Mariel Alumit

With estimated recoverable gas resources of around 57 trillion cubic feet (tcf), Tanzania will feature as part of an East African regional spotlight at Invest in African Energy (IAE) 2024, as the country seeks partners […]

Turkish Parliament
Exports

Turkish Parliament to consider bill on sale of LNG as part of gas hub creation

April 15, 2024 Mariel Alumit

Deputies of the Turkish Parliament, after a month and a half break caused by local elections, will resume legislative activity on April 16. One of the important documents that they will consider is a bill […]

2025 Brings Fundamentals Back to the Fore in Oil Markets
Crude Oil News

IEA cuts 2024 world oil demand growth expectations despite OPEC, top traders’ bullish forecast

April 15, 2024 Mariel Alumit

(Bloomberg) – The International Energy Agency cut its oil demand forecast for this year and estimated even slower growth in 2025 due to a lackluster economic outlook and the rising popularity of electric vehicles. The […]

EQT
Finance

EQT Announces Non-Operated Asset Transaction with Equinor

April 15, 2024 Mariel Alumit

PITTSBURGH , April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, […]

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