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HomeInternational News

International News

Israel
Crude Oil News

Israel-Hamas Conflict Directly Impacts Oil and Gas Prices

October 11, 2023 Mariel Alumit

The Israel-Hamas conflict has directly impacted oil and gas prices, gas operations in Israel and Egypt, and port operations in Israeli ports. That’s what Dryad Global Analyst Noah Trowbridge told Rigzone late Tuesday, adding that […]

OPEC
Energy Crisis

OPEC Warns Net Zero Push Endangers Global Energy Security

October 11, 2023 Mariel Alumit

OPEC general secretary Haitham al-Ghais criticizes calls to halt investments in new oil projects, labeling it an “extremely risky narrative.” Amid contrasting views with the IEA, OPEC’s latest oil outlook expects global oil demand to […]

Energy
Bitcoin

Volcano Energy and Luxor Launch El Salvador’s First Renewable Energy Powered Bitcoin Mining Pool

October 10, 2023 Mariel Alumit

Volcano Energy and Luxor Technology Corporation unveiled El Salvador’s first Bitcoin mining pool powered by renewable geothermal energy. The first Salvadorian Bitcoin mining pool is named ‘Lava Pool’. The infrastructure will mine profitably in and […]

Oil
Climate Crisis

The Oil Industry And OPEC Will Attend COP28 Climate Summit

October 10, 2023 Mariel Alumit

Representatives from the oil industry and from OPEC will attend the COP28 climate summit in Dubai next month, OPEC Secretary General Haitham Al Ghais said on Tuesday. “The oil industry will be at COP and […]

Wind Industry
Climate Crisis

The myth of affordable green energy is over

October 10, 2023 Mariel Alumit

The pervasive narrative about offshore wind in recent years has been that costs are falling and that wind power is cheap. But scratch below the surface and you find that things are not quite so […]

Offshore wind farms
Energy Transition

Major headwinds threaten off-shore wind targets

October 10, 2023 Mariel Alumit

The pervasive narratives about off-shore wind in recent years have been that costs are falling, and that wind power is cheap. But as I noted in a previous blog, and in my latest article for The Telegraph, things […]

COP
Climate Crisis

The Peak Oil Demand Debate Is Sure To Dominate COP 28

October 10, 2023 Mariel Alumit

The tensions between fossil fuel lobbyists and environmentalists have been tangible at recent Un Climate Change Conferences, and this year’s won’t be any different. COP 28, which will be held from November 30th through to […]

Russia
Exports

Russia Lifts Ban on Diesel Exports

October 10, 2023 Mariel Alumit

Russian authorities have allowed their large producers to resume seaborne exports of diesel in an apparent bid to avoid any negative impact on oil production, as the country’s market is unable to absorb the additional […]

Energy
International News

Exclusive: Siemens Energy considers factory, office closures at wind division -sources

October 10, 2023 Mariel Alumit

FRANKFURT, Oct 9 (Reuters) – Siemens Energy (ENR1n.DE) is considering shutting down Siemens Gamesa factories and sales offices as part of a review aimed at reducing losses at the wind turbine business, three people familiar with the […]

Crude Oil News

The New Global Oil Market Order Hangs In The Balance After Hamas Attacks Israel

October 10, 2023 Mariel Alumit

By Simon Watkins of Oilprice.com In what turned out to be extraordinary timing, October 3 saw a Western coalition of France’s TotalEnergies and Italy’s Eni, plus Qatar Energy, apply for the second licensing round on […]

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