Daily Standup Top Stories OPEC to increase oil production from July, International Monetary Fund predicts April 24, 2024 Mariel Alumit (Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing […] Reuters […]
Continue ReadingDaily Standup Top Stories China’s state planner warns intensified EV price war on oversupply April 22, 2024 Mariel Alumit SHANGHAI, April 22 (Reuters) – China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in […] Biden’s damaging […]
Continue ReadingWeekly Daily Standup Top Stories EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 14, 2024 Stu Turley Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where Water scarcity and clean energy collide in South […]
Continue ReadingDaily Standup Top Stories 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 […] Israeli War […]
Continue ReadingWeekly Daily Standup Top Stories Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse March 29, 2024 Stu Turley Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and have no hope of recovery. In the […] Solar […]
Continue ReadingDaily Standup Top Stories Buttigieg rejects critics of EV future: Like people in 2000s saying we could have landlines forever April 3, 2024 Mariel Alumit Transportation Secretary Pete Buttigieg rejected criticism of the Biden administration’s push for America to embrace a future where electric vehicles (EVs) overtake internal combustion engines, comparing the dynamic to that of landline phone […]
Continue ReadingDaily Standup Top Stories Mexico Curbs Oil Exports April 2, 2024 Mariel Alumit Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a tightening global market. Petroleos Mexicanos, also called Pemex, canceled contracts to supply […] Coal phase-out: Germany shuts down 15 coal-fired power […]
Continue ReadingDaily Standup Top Stories AWS acquires Talen’s nuclear data center campus in Pennsylvania March 4, 2024 Mariel Alumit Amazon Web Services (AWS) has acquired Talen Energy’s data center campus at a nuclear power station in Pennsylvania. Talen Energy Corporation this week announced it has sold its 960MW Cumulus data center campus in Pennsylvania […] Electric vehicles release […]
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Daily Standup Top Stories Demagogues imperilling global fight against climate breakdown, says Kerry February 28, 2024 Mariel Alumit The populist backlash against net zero around the world is imperilling the fight against climate breakdown and must be countered urgently or we face planetary destruction “beyond comprehension”, the US climate chief, John Kerry, has warned. […] Apple’s EV exit […]
Continue ReadingDaily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push overseas and challenge global auto giants already struggling with a transition to battery-powered cars. A subsidies-driven […] Government Approves Construction Permit […]
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