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HomeInternational News

International News

Beijing
International News

Beijing And Shanghai Record Largest Decline In Existing Home Prices

July 1, 2023 Mariel Alumit

Authored by Mary Hong via The Epoch Times (emphasis ours), China released its May national housing price data on June 15. Beijing and Shanghai had the largest fall in second-hand home prices among 70 large […]

Oil and gas
Downstream

Oil and gas will continue to power the world for decades to come, big oil firms say

June 30, 2023 Mariel Alumit

Oil and gas will remain leading sources of energy for decades to come, major industry players echoed during the inaugural Energy Asia conference. “Energy transition is going to take a lot longer, it’s going to […]

German
Finance

Inflation up in German states, pointing to national rise

June 29, 2023 Mariel Alumit

BERLIN, June 29 (Reuters) – Inflation rose in five economically important German states in the month of June, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. The inflation rate rose […]

TotalEnergies
CCUS

With carbon storage and renewables, TotalEnergies and Petronas driving energy transition forward

June 29, 2023 Mariel Alumit

This is demonstrated by two deals the two players have inked recently. Mitsui & Co. Ltd. (Mitsui) has joined the due for the first agreement, which will enable the development of a carbon storage project in Southeast […]

LNG
Exports

LNG fleet capacity a constraint on global energy transition

June 29, 2023 Mariel Alumit

Panos Mitrou, Lloyd’s Register’s top gas expert, believes that limits on capacity to build new LNG carriers could actually prove a constraint on the world’s energy transition. Writing in the classification society’s latest issues of […]

Norway
Crude Oil News

Norway approves more than $18 billion in oil, gas investments

June 29, 2023 Mariel Alumit

OSLO, June 28 (Reuters) – Norway’s government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of […]

Puerto Rico
Electrical Generation / Utilities

How Puerto Rico is preparing its electric grid for future hurricanes

June 28, 2023 Mariel Alumit

Climate-fueled disasters have ravaged Puerto Rico’s electrical system several times in recent years. Now, as another hurricane season opens, many people there are fed up with how vulnerable the grid remains. WBUR is a nonprofit […]

UK
Finance

Is The UK Heading For A Recession In 2023?

June 28, 2023 Mariel Alumit

The Bank of England’s attempt at reigning-in a sustained period of uncomfortably high inflation has prompted commentators to predict that the UK will fall into recession by the end of this year. A recession is a significant […]

Andurand
Commodities

Andurand’s Oil Hedge Fund Plunge Exceeds 50% in Worst Ever Loss

June 28, 2023 Mariel Alumit

Losses follow three years of strong gains for Andurand clients Trader’s bullish oil calls have met with lower prices in 2023 Oil trader Pierre Andurand’s losses deepened this month, with his hedge fund slumping to […]

energy
Energy Tech

Investment in energy transition too focused on few technologies, IRENA says

June 28, 2023 Mariel Alumit

MILAN, June 27 (Reuters) – Investment on energy transition is currently too focused on few technologies and countries, the International Renewable Energy Agency (IRENA) said in its 2023 outlook. In a new assessment of efforts […]

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