Day: April 11, 2025

PPI Pushed into Negative by Dropping Prices of Many Goods and Services

Energy News Beat The Producer Price Index is where tariffs will show up first, whether or not companies can pass on those cost increases. By Wolf Richter for WOLF STREET. From mid-2024 through January 2025, before any new tariffs had been implemented, the PPI had shown substantial and accelerating inflation at the producer level – input costs for […]

Millions on coal from Japan to save our steel: Net zero ‘madness’ as taxpayers foot the bill to keep furnaces burning

Energy News Beat ENB Pub Note: There are very few coal mines left in Japan, so the coal will probably come from Austraila via a purchasing mechanism through Japan. Coking coal, used mainly for steel production, is now mostly imported, with Australia supplying over half of Japan’s needs (around 34 million tons in 2022). Domestic […]

Uncertainty Is Overshadowing Fundamentals in Oil Markets – Funamentals will play a bigger role in the near future

Energy News Beat ENB Pub Note: This is an excellent time to talk about the fundamentals of the global oil and gas market. For years, the fundamentals were impacted by imperfect reporting from different sources, sanctions and weaponization of the US Dollar, and the response from Russia, Venezuela, Iran, and other countries. The Dark Fleet […]

Latin American Leaders Gather in Honduras

Energy News Beat Members of the Community of Latin American and Caribbean States critiqued tariffs and strategized about the future of the United Nations. ​ By Catherine Osborn, the writer of Foreign Policy’s weekly Latin America Brief. CELAC Summit Yields ‘Sufficient Consensus’ On Wednesday, the Community of Latin American and Caribbean States (CELAC) held its […]

The Battle for Diablo Canyon: Nuclear Energy, Tribal Land Rights, and California’s Energy Future

Energy News Beat In this episode of Energy Newsbeat – Conversations in Energy, host Stuart Turley engages with Doug Sandridge to explore the complex issues surrounding the Diablo Canyon nuclear plant in California. They discuss the impact of the plant’s closure on the Northern Chumash Tribe, as well as the tribe’s efforts to purchase the […]

Mubadala to take stake in Kimmeridge’s Commonwealth LNG

Energy News Beat According to a joint statement, Mubadala has signed an agreement with Kimmeridge to acquire a 24.1 percent interest in the latter’s SoTex HoldCo via the issuance of new equity. SoTex holds two portfolio companies: Kimmeridge Texas Gas, which operates an upstream unconventional gas business in the Eagle Ford in South Texas, and […]

US LNG exports climb to 30 cargoes

Energy News Beat EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 30 LNG vessels is 113 Bcf. This compares to 28 shipments and 106 Bcf in the week ending April 2. According to data from S&P Global Commodity Insights, average natural gas deliveries to […]

Taiwan’s LNG imports climb in March

Energy News Beat Preliminary data from the Directorate General of Customs shows that the country received 2.08 million tonnes of LNG in March. This is up by 10.1 percent year-on-year compared to 1.89 million mt in March 2024. March LNG imports also rose compared to 1.80 million tonnes of LNG in February and 1.48 million tonnes […]

Spanish LNG imports jump

Energy News Beat LNG imports rose by 39.8 percent year-on-year to 25.2 TWh in March and accounted for 71.8 percent of the total gas imports, according to the preliminary monthly report by LNG terminal operator Enagas. Imports also rose compared to 12.6 TWh in February and 23 TWh in January. Including pipeline imports from Algeria (9.5 […]

World’s largest ECA to stretch from Portugal to Greenland

Energy News Beat At this week’s Marine Environmental Protection Committee (MEPC) meeting held at the International Maritime Organization (IMO), the world’s biggest emission control area (ECA) has been agreed upon.  The new Northeast Atlantic ECA stretches along coastlines from Portugal to Greenland (see map below), joining existing nearby ECAs in the North Sea, Baltic Sea […]