Category: Energy News Beat

California beats every state for most residents moving away for fourth year in a row: U-Haul list

Energy News Beat For the fourth year in a row, liberal California topped U-Haul’s Growth Index list for having the largest net outbound movers in 2023. U-Haul publishes its Growth Index report every year, analyzing the difference between the number of one-way U-Haul trucks coming into a state or city and those leaving. If a mover relocates […]

Iran aims to form joint currency with BRICS nations

Energy News Beat Iran’s deputy foreign minister, Mahdi Safari, said on 3 January that Tehran is interested in forming a unified currency with member states of the BRICS group of emerging economies. “We are interested in creating a unified currency in the BRICS group, and this could be very effective,” Mahdi Safari said in an […]

US preparing for expansion of Gaza conflict – Politico

Energy News Beat Washington is discussing scenarios that could potentially draw it into a war in the Middle East, officials told the outlet The White House is worried that the conflict in Gaza could expand to other parts of the Middle East and is drawing up plans for a possible US response if that happens, […]

Spot LNG shipping rates continue to decline

Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European prices also decreased compared to the previous week. Last week, spot LNG freight rates continued their downward trend. LNG freight rates continued to decline despite delays at the Panama Canal, and constraints at […]

GAIL, Vitol seal long-term LNG supply deal

Energy News Beat India’s largest gas utility GAIL has signed a long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol. Under the deal, Vitol Asia will deliver 1 million metric tons of LNG to GAIL for a period of about 10 years starting in 2026, according to a statement by GAIL. GAIL […]

EU nation to ban Russian LNG imports

Energy News Beat The embargo will come into force in 2025, Finnish Climate Minister Kai Mykkanen says Finland will ban imports of Russian liquefied natural gas (LNG) from next year, Environment and Climate Minister Kai Mykkanen said on Friday in an interview with Helsingin Sanomat. According to the minister, Helsinki intends to develop a regulatory […]

St. Paul sees city buildings as opportunity for quick wins on climate plan goals

Energy News Beat ​ After a renovation project next year, the primates at St. Paul’s Como Park Zoo will reside in one of the first net-zero city-owned buildings. Retrofitting several buildings at the zoo and the adjacent St. Paul Conservatory is part of a decarbonization initiative by the city to reach carbon neutrality for civic […]

Oil falls on massive US fuel inventory builds

Energy News Beat Yahoo Finance (Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, to $79.01 a barrel by 11:23 a.m. EDT, after earlier rising over $1. U.S. West Texas Intermediate […]

APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction

Energy News Beat Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) […]

TVA installs natural gas units to combat winter weather

Energy News Beat DRAKESBORO, Ky. (KT) – Three new state-of-the-art natural gas units designed to withstand temperature extremes are now online at the Tennessee Valley Authority’s (TVA) Paradise Combined Cycle Plant in Drakesboro, just in time for winter weather. The combustion turbine units, which are designed to start within minutes when electricity demand increases, add […]