Category: Energy News Beat

Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC

Energy News Beat One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more than 3m teu of newbuilds, pushing MSC to the […]

Big Oil Earnings Drop

Energy News Beat Daily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, […]

Power companies pressure Trump EPA to roll back rules on toxic coal ash

Energy News Beat ​[[{“value”:” A coalition of U.S. power companies is demanding ​“immediate action” from the Trump administration to roll back federal regulation of toxic coal ash and rescind recent enforcement actions. A Jan. 15 letter to Lee Zeldin, President Donald Trump’s nominee to head the U.S. Environmental Protection Agency, outlines specific steps the federal government should take to […]

Is Turkey Breaking Its Own Oil Embargo?

Energy News Beat As Erdogan champions the Palestinian cause, evidence suggests that his regime is facilitating support for Israel. At the end of November, Turkish President Recep Tayyip Erdogan delivered the keynote address at a forum for the country’s national public broadcaster and reaffirmed his support for Gaza. Seyma Yildirim, a Turkish pro-Palestinian activist in […]

Big Oil Earnings Slump Puts Payouts to Investors Under Pressure

Energy News Beat Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with fourth-quarter profits plunging and the return of President Donald Trump adding to the uncertainty. The five global oil majors […]

Planet Earth’s natural resources are limited to its 8 billion residents

Energy News Beat Earth has existed for more than 4 billion years without present-day humans. In the past, dinosaurs and cavemen never used its plentiful natural resources. Today, with 8 billion humans on this planet, the few wealthy countries are extracting natural resources at alarming rates, and they are NOT being replenished. Crude oil consumption […]

Ukraine Drones Hit Second Russian Oil Refinery in Less Than a Week

Energy News Beat Ukraine early on Tuesday hit with drones an oil refinery near Nizhny Novgorod in western Russia, the General Staff of the Armed Forces of Ukraine said, announcing a second hit at a Russian oil refinery in less than a week. Units of Ukraine’s defense intelligence, in cooperation with other components of the defense […]

DeepSeek Is Reshaping China’s AI Landscape

Energy News Beat The Chinese AI lab has put to rest any illusion that Beijing is behind. Chinese artificial intelligence lab DeepSeek shocked the world on Jan. 20 with the release of its product “R1,” an AI model on par with global leaders in performance but trained at a much lower cost. Former Intel CEO […]

Ukrainian battlefield tactics reduced to ‘plugging holes’ – Economist

Energy News Beat Kiev’s brigades in the Donbass are consistently understaffed, according to commanders Kiev’s forces are struggling to maintain their ranks in Russia’s Donbass amid mounting manpower shortages, Ukrainian commanders have told the Economist in an article published on Monday. Colonel Pavel Fedosenko, a commander of a Ukrainian tactical unit in the Donbass, stated […]

Russians spent record amount on cars in 2024 – data

Energy News Beat   Chinese and Russian brands dominated sales in the $50 billion market, according to Avtostat Russians spent a record 4.91 trillion rubles ($50.1 billion) on new cars last year, according to data from analytical agency Avtostat. Chinese and domestic Russian brands dominated sales in 2024, filling the gap left by Western and […]