Energy News Beat Federal Reserve Chair Jerome Powell’s annual address at the Jackson Hole Economic Symposium is always a pivotal moment for global markets, and his 2025 speech, delivered on August 22, was no exception. Titled “Monetary Policy and the Fed’s Framework Review,” Powell signaled a potential shift toward easing monetary policy amid cooling inflation […]
Energy News Beat In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela’s oil sector. This initiative aims to revitalize two underutilized oil fields, potentially boosting Venezuela’s crude production at a […]
Energy News Beat Cosco Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s COSCO, posted its interims yesterday in which it noted in a release that the potential extra port […]
Energy News Beat Gastrade recently resumed Alexandroupolis FSRU operations following a technical issue in January this year, but the facility is yet to receive its next LNG shipment. The FSRU is currently working at a limited regasification capacity of 45.4 GWh/day, including redundancy with respect to its booster pumps. “The present 25 percent limitation of […]
Energy News Beat “Global LNG freight rates increased marginally this week, with Spark30S (Atlantic) pricing in at $36,500 per day and Spark25S (Pacific) at $35,000 per day,” Spark’s commercial analyst, Max Glen-Doepel, told LNG Prime on Friday. Last week, Spark30S (Atlantic) rates were at $36,000 per day and Spark25S (Pacific) at $33,250 per day. In Europe, […]
Energy News Beat “Texas LNG is granted a five-year extension of time, to November 22, 2029, to construct and make available for service the Texas LNG project,” FERC said in its order dated August 21. The Commission affirmed its earlier determinations that the Texas LNG project is “not inconsistent with the public interest.” “Texas LNG […]
Energy News Beat Weekly Daily Standup Top Stories Solar Shares Rise as Trump Hit to Credits Softer Than Feared August 17, 2025 Clark Savage In a surprising turn for the renewable energy sector, solar stocks have surged following the Trump administration’s latest guidance on tax credits for wind and solar projects. Released on August 15, 2025, […]
