Category: Energy News Beat

Over 20% Of The EU’s Russian LNG Imports Are Resold Abroad

Energy News Beat By Tsvetana Paraskova of OilPrice.com, Around 21% of Russia’s LNG volumes bound for the European Union are trans-shipments, which are not included in official import figures and thus ignored by EU policymakers, the Institute for Energy Economics and Financial Analysis (IEEFA) said in an analysis on Wednesday. Over the past year and […]

Interview: GTT’s boss expects more than 450 LNG carrier orders in next 10 years

Energy News Beat French LNG containment giant GTT is expecting that there will be more than 450 orders for large LNG carriers over the next ten years, GTT’s chief Philippe Berterottière told LNG Prime on Thursday. Earlier this year, Berterottière said that GTT was expecting up to 450 orders for large LNG carriers over the […]

New Hampshire seeks IRA grant to help low-income residents tap the benefits of solar 

Energy News Beat ​ New Hampshire’s Department of Energy has requested a $70 million federal grant to expand community solar programs for low-income residents, an infusion of funds that supporters said could lower energy bills, accelerate decarbonization, and perhaps even catalyze the development of much-needed affordable housing. “It’s just going to be life-changing for the […]

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support

Energy News Beat Yahoo Finance LONDON – Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the Black Sea combined with lower U.S. inventories to drive buying. Source: Reuters Brent crude futures were up 61 cents, or […]

COP28 president denies reports of plans to use climate Summit to push oil deals

Energy News Beat Oil Price COP28 President Sultan Al Jaber, who is also group CEO of the Abu Dhabi National Oil Company (ADNOC), denied on Wednesday reports of plans to use the climate summit in Dubai for pushing oil deals. Source: Reuters Al Jaber’s presidency of COP28 has stirred controversy in recent months. He is the first […]

Daily Energy Standup Episode #260 – Copper Supply Concerns, LNG Cruise Ships, and Geopolitical Shifts in the Oil Trade

Energy News Beat Daily Standup Top Stories Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024 November 29, 2023 Mariel Alumit Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions […]

A $30 Billion Meltdown in Clean Energy Puts Biden’s Climate Goals at Risk

Energy News Beat No one expected the transition from fossil fuels to be easy. But a year after President Joe Biden’s landmark climate law promised billions of dollars for America’s switch to clean energy, some of the nation’s most ambitious renewable power projects have been shelved, electric car sales are missing targets and investors are fleeing […]

Venezuela prepares for vote on border dispute with Guyana over oil-rich territory

Energy News Beat ‘We support a diplomatic solution’: Guyana defense spokesperson  356,513 soldiers, 120,000 officers to be deployed during voting   The Venezuelan government is fine-tuning the details, including the deployment of military personnel, to carry out a Dec. 3 referendum on its dispute with Guyana over the oil-rich Essequibo territory. General Domingo Hernández Lárez, […]

Thousands of car dealers have a potent warning for electric vehicle enthusiasts

Energy News Beat In a public letter to President Biden, 3,882 car dealers spread across the country are asking that his administration slow down its proposed regulations mandating the production and distribution of electric vehicles. The letter comes after the Biden Administration in April proposed a set of stringent climate regulations that could require two-thirds of all […]

Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024

Energy News Beat Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First Quantum’s contract to operate […]