Category: Energy News Beat

Malaysia’s MISC reports higher Q3 LNG earnings

Energy News Beat Malaysia’s LNG shipper MISC, a unit of Petronas, said its LNG business logged a rise in both revenue and operating profit in the July-September period. The shipping firm said its gas assets and solution business, which includes a fleet of LNG and ethane carriers, posted third-quarter revenue of 860.6 million ringgit ($184 […]

US border checkpoint destroyed by Bentley supercar – Daily Mail

Energy News Beat The $300,000 Flying Spur was allegedly being driven by a 56-year-old businessman from New York, the outlet has determined The individual allegedly responsible for Wednesday’s explosive car crash at the US-Canada border may have been a New York businessman, according to British tabloid the Daily Mail. The outlet claims that the unnamed man […]

European Lawmakers Vote For Abolition Of Member-State Vetos In Latest Brussels Power-Grab

Energy News Beat Authored by Thomas Brooke via Remix News, European lawmakers approved plans on Wednesday to remove the national veto for EU member states in the latest attempted power grab by Brussels to wrestle control away from national governments. A total of 291 MEPs supported the proposal put forward by the “Verhofstadt Group,” a […]

Eni nears launch of Congo’s first FLNG project

Energy News Beat Eni’s Tango FLNG is expected to arrive in Angola’s Luanda during the weekend as the Italian firm works to launch the first FLNG project in the Republic of Congo, also known as Congo-Brazzaville, according to Belgium’s Exmar. In August last year, Eni signed a deal to buy the 144 meters long Tango FLNG from […]

Oil tumbles 4% as OPEC+ meeting delayed

Energy News Beat Investing LONDON – Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts. Source: Reuters  futures was down $3.39, or 4.1%, to $79.06 a barrel by 1412 GMT. U.S. West Texas Intermediate (WTI) crude […]

India emerges as major supplier of refined petroleum to EU – media

Energy News Beat The bloc has drastically increased purchases from the South Asian nation, RIA Novosti reports, citing EU statistics India has become the European Union’s second-largest supplier of refined petroleum products this year, RIA Novosti reported on Thursday, citing its own calculations based on the bloc’s official statistics. According to Eurostat’s latest EU imports […]

Türkiye in no rush to fulfill Sweden’s NATO hopes – Reuters

Energy News Beat The news agency claims Ankara said it would not ratify Stockholm’s bid in time for a NATO ministerial meeting next week NATO will be unable to officially induct Sweden at next week’s meeting of foreign ministers, member Türkiye has reportedly notified the military bloc. Reuters cited anonymous sources on Wednesday as saying […]

Crypto investors pull over $1 billion out of Binance

Energy News Beat The outflow follows a huge fine on the exchange and criminal charges against its former CEO in the US   The world’s largest crypto exchange Binance saw a sharp uptick in withdrawals after its founder and CEO Changpeng Zhao pleaded guilty to criminal and civil charges in the US, it was reported […]

U.S. gasoline prices decline amid lower gasoline demand and falling crude oil prices

Energy News Beat  November 22, 2023 Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics On November 20, 2023, the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.29 per gallon (gal) across the United States, 10% less than the same time last year. […]

Commentary: States’ historic opportunity to make homes for renters healthy and safe

Energy News Beat ​This commentary was submitted by Sneha Ayyagari, a Clean Energy Leadership Institute Fellow and a Program Manager for Clean Energy Initiative at the Greenlining Institute. See our commentary guidelines for more information. Winter is coming, and having resilient homes is crucial in climate disasters. For instance, Texans were woefully unprepared for Storm Uri […]