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HomeInternational News

International News

AI
AI

AI AI, Oh Oh: Artificial intelligence power consumption about to skyrocket – and no one is prepared

October 3, 2023 Mariel Alumit

Today’s musings go far into left field, but please do tag along. If you care about energy, you’ll want to hear all this.  Though it has been around for a while, Artificial Intelligence (AI) has […]

EU
Finance

EU’s Renewable Energy Financing Tender Oversubscribed

October 3, 2023 Mariel Alumit

EU has received bids significantly exceeding target volumes in its first tender under the bloc’s renewable energy financing mechanism. The European Commission said in a media release the tender closed on September 27 after launching […]

TotalEnergies
Exports

LNG prices to soften by end of decade -TotalEnergies CEO

October 3, 2023 Mariel Alumit

QATAR, Oct 3 (Reuters) – Global prices of liquefied natural gas (LNG) are expected to soften by the end of the decade as new supply comes online, the CEO of French energy firm TotalEnergies said […]

oil
Big Oil Companies

At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says

October 3, 2023 Mariel Alumit

OPEC Secretary-General Haitham Al-Ghais warned that energy prices could spike due to underinvestment. At least $12 trillion needs to be invested in the industry through 2045, he told CNN. “By underinvesting, we are actually endangering […]

Oil
Crude Oil News

The Geopolitical Forces Driving Today’s Oil Market

October 3, 2023 Mariel Alumit

The recent oil price rally has been driven, in large part, by Saudi Arabia’s and Russia’s efforts to cut supply to the global crude market. Both China and the West are negatively impacted by high […]

insurance
Electric Vehicles

We’ll all pay the price of soaring EV insurance

October 3, 2023 Mariel Alumit

SOMETHING strange happened last week: the Guardian published an article which was worth reading. It concerned the massive insurance costs owners of electric vehicles (EVs) are facing. Here’s how the article started: ‘Driving an electric car should be a […]

oil
Big Oil Companies

Petrobras gets green light to drill oil exploration wells in “promising” region offshore Brazil

October 2, 2023 Mariel Alumit

(Bloomberg) – Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to expand production. Brazil’s top environmental […]

Saudi Arabia Finally Joins the Natural Gas Wave
Exports

Saudi Arabia Finally Joins the Natural Gas Wave

October 2, 2023 Mariel Alumit

The world’s biggest oil producer is finally moving to grab a piece of the booming natural gas market, the latest proof that the industry expects the fuel to play a significant part in the energy […]

China
Critical Minerals

China’s demand for oil and copper is ‘booming,’ says Goldman Sachs

October 2, 2023 Mariel Alumit

China’s demand for many major commodities has been growing at “robust rates,” Goldman Sachs said in a recent note. This is in spite of a wider, faltering macroeconomic growth story in China. China’s demand for […]

Charles
BRICS

Short America & Go Long BRIC Countries – Charles Nenner

October 2, 2023 Mariel Alumit

Renowned geopolitical and financial cycle expert Charles Nenner has been warning his war cycles were turning up.  Nenner says, “It happens like clockwork in the second decade of a new century.”  Nenner says it’s a […]

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