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HomeInternational News

International News

China
Climate Crisis

Biden’s Last Chance at Climate Diplomacy With China

July 25, 2024 Mariel Alumit

Negotiations are expected to occur in a few weeks with a focus on super-pollutants. This week, as the rest of Washington was caught up in the dramatic shake-up in the 2024 U.S. presidential race, the […]

tanker
Crude Oil News

Manila braces for oil spill as tanker sinks

July 25, 2024 Mariel Alumit

A 22-year-old tanker carrying industrial fuel oil capsized and sank 3.6 nautical miles off Lamao Point in the Philippines due to rough seas on Thursday. The incident which involved the Philippine-flagged TerraNova tanker, carrying 1,494 […]

ConocoPhillips
International News

ConocoPhillips books capacity at Zeebrugge LNG terminal in Belgium

July 24, 2024 Mariel Alumit

US energy giant ConocoPhillips has signed a deal to book long-term capacity at the Fluxys-operated Zeebrugge LNG import terminal in Belgium. ConocoPhillips revealed the signing of this strategic LNG agreement and another deal in a […]

EU
Finance

EU moves to freeze Russian assets indefinitely – FT

July 24, 2024 Mariel Alumit

The reported plan seeks to give US guarantees that the West would be able to tap into the immobilized funds for as long as needed The EU is mulling a plan to freeze Russian assets […]

Global coal demand
Coal

Global coal demand to stay steady through 2025

July 24, 2024 Mariel Alumit

Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies balance out the effects of increased renewable energy and recovering hydropower. That’s according to the latest […]

South China Sea
Geopolitical

China and the U.S. Are Careening Toward a South China Sea Crisis

July 24, 2024 Mariel Alumit

A failure of deterrence risks pushing the region into deeper conflict. Last November’s summit between U.S. President Joe Biden and Chinese President Xi Jinping in Woodside, California, was hailed as a harbinger of progress in […]

Oil Prices
Crude Oil News

Oil Prices Under Pressure Despite Bullish Catalysts

July 23, 2024 Mariel Alumit

Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden’s decision to drop out of the presidential race. – The Asian oil market […]

UK
Climate Crisis

UK climate strategy under scrutiny at landmark court case

July 23, 2024 Mariel Alumit

  The British government on Tuesday (23 July) faces an unprecedented legal challenge for allegedly failing to protect people, property and infrastructure from the likely effects of climate change. Environmental campaigners Friends of the Earth […]

Crude Oil News

Iran’s tankers double down on concealment efforts post-sanctions

July 23, 2024 Mariel Alumit

Analysis of satellite and AIS data shows these ships still play a role in Iran’s oil sector, but experts insist the financial restrictions are nonetheless degrading Iran’s capabilities IT IS no secret that tankers engaged […]

output
Crude Oil News

Economy faces threats with 1.4m bpd crude output

July 23, 2024 Mariel Alumit

THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]

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