Daily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
Continue ReadingDaily Standup Top Stories In Germany, The Green Energy Transition Is Only Getting Worse September 10, 2024 Andy Del Prado Germany is running faster and faster to stay in place. In the meantime, it is destroying its economy. Plenty of virtuous places (New York, California, UK, Australia) want to compete for the mantle of “climate […] Oil […]
Continue ReadingDaily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […] Trump pledges […]
Continue ReadingWeekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is likely due to weaker refining margins in China and the wider Asian region. The decision […]
Continue ReadingDaily Standup Top Stories Biden Grants First New LNG Approval Since Freezing Permits September 3, 2024 Stu Turley New Fortress Energy receives five-year license to sell LNG Climate groups blast White House, permit-pause appeal ongoing The Biden administration granted the first liquefied natural gas export license since the Energy Department halted LNG export permits in […] Saudi Aramco Continues […]
Continue ReadingDaily Standup Top Stories EU Slashes Proposed Tariffs on Tesla’s China-Made EVs August 21, 2024 Mariel Alumit The European Commission has announced the final results of its anti-subsidy investigation into Chinese electric vehicles, with Tesla receiving a reduced tariff rate of 9%. Other Chinese EV makers, including SAIC Motor Corp., Geely, and […] Texas Faces Growing Electricity […]
Continue ReadingDaily Standup Top Stories China’s Coal Production Surges to Meet Energy Demands August 20, 2024 Mariel Alumit China’s coal production reached a new record high in July, surpassing the previous record set in 2023. Thermal power generation declined in July due to increased hydropower generation, but overall power generation increased. Analysts expect […] Fed Confronts Up to […]
Continue ReadingDaily Standup Top Stories Winter squeeze: Average energy bills could jump to £1,714 August 19, 2024 Mariel Alumit Energy bills across Britain might increase by 9% this winter, reaching an average of £1,714 a year for the typical household‘s gas and electricity. Consultancy Cornwall Insight has released its final forecast for the energy […] House Hearing Reveals […]
Continue ReadingDaily Standup Top Stories A New Era for Nuclear Power in the U.S. August 17, 2024 Stu Turley The US government is supporting the reopening of the Palisades nuclear power plant, the first such effort in the country’s history. This reflects a shift in US energy policy towards nuclear power as a clean […] Safety at Ukraine […]
Continue ReadingDaily Standup Top Stories Biomass power station produced four times emissions of UK coal plant, says report August 9, 2024 Mariel Alumit The Drax power station was responsible for four times more carbon emissions than the UK’s last remaining coal-fired plant last year, despite taking more than £0.5bn in clean-energy subsidies in 2023, according to a report. The North […]
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