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HomeInternational News

International News

Brazil
Crude Oil News

WoodMac: Brazil’s Private Firms To Increase Oil Output By 75%

July 24, 2023 Mariel Alumit

Wood Mackenzie: Brazil’s private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030. Petrobras is also expected to grow production at an impressive clip, with output expected to increase 61% […]

Wind
Climate Crisis

Wind Farm Projects are Beginning to Topple Due to Strong Economic Headwinds

July 24, 2023 Mariel Alumit

A couple of weeks ago, Sweden’s government ditched plans to go all-in on “green energy,” green-lighting the construction of new nuclear power plants. Shortly afterward, fossil fuel giant Shell announced it was scaling back its energy transition […]

Finance

China’s state planner unveils steps to boost private investment

July 24, 2023 Mariel Alumit

China’s state planner has unveiled measures to spur private investment in infrastructure and strengthen financing for private projects. The latest announcement on Monday comes after China last week released guidelines aimed at making the private […]

Climate Crisis

World’s Biggest Wind Power Projects Are in Crisis Just When World Needs Them Most

July 23, 2023 Mariel Alumit

Offshore wind farm project developers stumble amid inflation Governments want green energy to cut costs and carbon Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this […]

Finance

Macleod: Why The Dollar Is Finished

July 23, 2023 Mariel Alumit

Authored by Alasdair Macleod via GoldMoney.com, Last week in my Goldmoney Insight, I analysed the rationale for a new gold backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on 22–24 […]

Climate Crisis

EVs For All? If The Dream Was Met, Would It Help The Environment?

July 22, 2023 Mariel Alumit

Authored by Mike Shedlock via MishTalk.com, Even if you are 100% convinced in man-made climate change, the idea the EV’s will help reduce CO2 emissions is nonsense…   The Impossible Dream Hello climate change advocates, […]

BBC Climate false reporting by Justin Rowlatt
Climate Crisis

BBC climate editor whose sister is an Insulate Britain fanatic made false claims on global warming including worldwide deaths are rising and Madagascar is on the verge of famine, inquiry finds

July 22, 2023 Mariel Alumit

BBC Panorama global warming documentary made a number of false claims Wild Weather, presented by climate editor Justin Rowlatt, said deaths worldwide were rising due to extreme weather caused by climate change It said Madagascar […]

200,000 Bpd Halted in Iraq After Drone Strikes in Kurdistan Oilfields
Crude Oil News

Deal With Iran Reflects Iraq’s Frustration With US and increased energy crisis

July 22, 2023 Mariel Alumit

A recent barter deal under which Iraq agreed to supply Iran with crude oil and fuel oil in exchange for Iranian gas, points to Iraq’s frustration with US sanctions that make it difficult to pay […]

Massive Oil Refining Capacity Idle in China as Prices Soar
Downstream

Saudi Aramco Buys $3.4 Billion Stake In Chinese Petrochemical Firm

July 22, 2023 Mariel Alumit

Saudi Aramco said on Friday it had completed the purchase of a 10% stake in a Chinese petrochemical firm for the equivalent of $3.4 billion as the Saudi oil giant continues to expand its downstream footprint in […]

Powered
Coal

China Expects No Major Blackouts Despite Blazing Hot Summer – Coal imports are up at record highs

July 22, 2023 Mariel Alumit

China is confident it can get through a hot summer of record temperatures and soaring power demand without experiencing major blackouts, authorities say. Coal reserves at coal-fired power plants were at record-high levels as of […]

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