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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

International News

State Dept confirms death of US journalist jailed by Ukraine – TASS

January 15, 2024 Mariel Alumit

Chilean-American blogger Gonzalo Lira has died in a Ukrainian prison, Russian news agency TASS said on Saturday, citing a response it received from the US Department of State. The blogger’s death was first announced by […]

Price
Finance

Fed Reports Operating Loss of $114 billion for 2023, as Interest Expense Blows Out

January 12, 2024 Mariel Alumit

On top of whatever unrealized losses (cumulative $1.3 trillion at end of Q3) from its securities holdings. But losses don’t matter to the Fed. By Wolf Richter for WOLF STREET. The Federal Reserve released its preliminary financial information […]

Alaska
Coal

Could a new Alaska coal power plant be climate friendly? An $11 million study aims to find out.

January 12, 2024 Mariel Alumit

The Biden administration has announced a $9 million grant to Alaska researchers to study a project that could capture carbon emissions from a big new coal-fired power plant and inject them in a depleted natural gas field […]

Russia
Crude Oil News

EU needs Russia more than we need them – Putin

January 12, 2024 Mariel Alumit

Russia has shown true resilience by not bowing to foreign pressure, President Vladimir Putin said on Wednesday. He stated that Russia is a “self-sufficient country,” whose economy is growing despite the sanctions, while EU member […]

ESG
ESG

ESG funds declining due to regulation and performance

January 12, 2024 Mariel Alumit

Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases. In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and […]

Oil
Crude Oil News

Oil gains after US, UK strike on Houthis; U.S. yields ease after PPI

January 12, 2024 Mariel Alumit

NEW YORK, Jan 12 (Reuters) – Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, […]

US
Crude Oil News

US resumes Russian oil imports, defies sanctions

January 12, 2024 Mariel Alumit

The US has resumed importing oil from Russia for the first time in more than a year, despite the ongoing sanctions imposed on Moscow over its military intervention in Ukraine, according to a Sputnik Globe report. According to the US […]

Russia
Crude Oil News

The United States imported Russian oil in November for the first time since spring 2022

January 12, 2024 Mariel Alumit

In November 2023, the United States imported oil from Russia for the first time since April 2022, according to US statistical data. Washington purchased almost 10,000 barrels of Russian oil for $749,000. Thus, the price per […]

oil
Exploration and Production

Norwegian oil and gas companies to stabilize production by drilling more exploration wells in 2024

January 12, 2024 Mariel Alumit

(Bloomberg) – Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key oil and gas supplier to Europe. Between 40 and 50 […]

Japanese
Hydrogen

Japanese government allocates $21bn to clean hydrogen subsidies

January 12, 2024 Mariel Alumit

The Japanese government has announced plans to spend ÂĄ3trn ($20.86bn) on subsidies for delivered clean hydrogen (and its derivatives) over a 15-year period. The scheme — which will be open to both domestically produced and […]

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