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HomeInternational News

International News

Russia
Crude Oil News

Supply Disruption From Russia Price Cap Is Here: Tanker Jam Forms Off Turkey

December 6, 2022 Mariel Alumit

The EU and G7 price cap on Russian oil went into effect on Monday, but it’s already causing disruptions in global supply chains. The first manifestation comes from Turkey, where the Financial Times reports that […]

Why Switzerland wants to ban electric vehicles
International News

Why Switzerland wants to ban electric vehicles

December 6, 2022

Switzerland is preparing for a possible blackout. Under the proposal, the country plans to restrict energy usage in buildings and may even ban concerts, theatre performances, and sporting events. Switzerlandis reportedly planning to banelectric vehiclesin […]

Finance

One Quarter Of Germans Cannot Afford Christmas Gifts Due to Inflation

December 6, 2022 Mariel Alumit

On Saturday, Bild newspaper reported that this year almost a quarter of Germans will not be able to buy Christmas gifts due to inflation, according to a new survey by the Institute for New Social […]

Electrical Generation / Utilities

Two Million Brits May Disconnect From Grid Over Energy Costs – Fuel Poverty Hits Hard.

December 5, 2022 Mariel Alumit

Bill Bullen, the CEO of Utilita Energy, has warned that projections show that over 2 million British households may find they cannot afford their gas and electricity bills, and as a result they may simply […]

Finance

EU Trade Committee Head Says, EU Should Sue US Over Inflation Reduction Act

December 5, 2022 Mariel Alumit

In an interview with the Berliner Morgenpost newspaper on Saturday, Bernd Lange, head of the European Parliament’s Trade Committee said he felt the EU should file a lawsuit with the World Trade organization over the […]

COP27
Climate Crisis

How To Reboot Climate Policy After COP27: Five Models Of Policy Making

December 5, 2022 Mariel Alumit

Are the Conference of Party (COP) meetings losing steam and if so, what might be done to advance the climate agenda? COP26 in Glasgow and more recently, COP27 in Sharm El-Sheikh, Egypt, underline decarbonization’s political […]

EU
International News

EU acts to accelerate renewable energy permitting, unleash repowering

December 5, 2022 Mariel Alumit

December 1 – Last month, EU energy ministers agreed in principle emergency regulations that aim to speed up wind and solar permitting while EU officials negotiate wider measures set out in the REPowerEU plan. REPowerEU […]

OPEC+
International News

OPEC+ keeps oil quotas unchanged to await more market clarity

December 5, 2022 Mariel Alumit

OPEC and its Russian-led allies will maintain their production quotas for now, the group said after convening briefly online Dec. 4, adopting a wait-and-see stance amid a hazy outlook for the oil market. The decision […]

Asia
Crude Oil News

Asia may have bandwidth to absorb half the Russian crude displaced after EU sanctions

December 5, 2022 Mariel Alumit

Asia may be able to incrementally absorb only half the Russian crude volumes displaced as a result of the European Union sanctions taking effect, and the price cap of $60/b may not be able to […]

King Coal
Climate Crisis

King Coal: Reports of My Death Have Been Greatly Exaggerated (apologies to Mark Twain)

December 5, 2022 Mariel Alumit

​President Biden said recently that “we’re going to be shutting [coal] plants down all across America and having wind and solar.” West Virginia’s Democrat Senator Joe Manchin, representing a state that gets 90% of its electricity […]

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