Category: Energy News Beat

Oil and Gas India is staring at an ‘oil shock’ as U.S. sanctions on Russian crude loom

Energy News Beat The U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude. India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow’s cheap oil, said analysts. The South Asian nation imports a significant 88% […]

Trump’s Energy Pick Vows To Restore American Energy Dominance, Slash Costs

Energy News Beat To Democrat’s chagrin, Trump’s energy secretary pick pledged at his confirmation hearing to focus on restoring US energy dominance. ​ US President-elect Donald Trump’s energy secretary pick on Wednesday pledged to focus on what he called restoring US energy dominance. [emphasis, links added] “President Trump shares my passion for energy, and if […]

Sen. Ed Markey Spins Wild Climate Claims At Lee Zeldin’s EPA Confirmation Hearing

Energy News Beat Climate alarmist Sen. Ed Markey made a series of deranged climate change claims during the confirmation hearing of Lee Zeldin for EPA chief. ​ Climate alarmist Sen. Ed Markey (D-MA) made a series of deranged climate change claims about the California wildfires during Thursday’s confirmation hearing of Lee Zeldin, President-elect Donald Trump’s […]

New York’s Supreme Court Rejects Another Climate Lawsuit Against Energy Giants

Energy News Beat After a decade and three failed lawsuits, New York’s crusade to cash in on energy companies ends with nothing but wasted time and taxpayer dollars. ​ Frank Sinatra says if you can make it in New York, you can make it anywhere. So what does it mean when it’s repeatedly made clear […]

Disclosures Show Foreign Billionaire Funding Green Lawfare Against ExxonMobil

Energy News Beat Andrew Forrest, Aussie billionaire and eco-activist, is funding stateside litigation targeting ExxonMobil, raising questions about foreign influence. ​ Andrew Forrest, an Australian billionaire environmentalist, is quietly funding litigation in the United States targeting ExxonMobil, an oil company whose ventures directly compete with his business, according to federal disclosures reviewed by the Washington Free […]

Russia, Iran Ink Broad Strategic Partnership

Energy News Beat The countries’ closer ties come in response to tough Western sanctions. ​ World Brief FP’s flagship daily newsletter, catching you up on 24 hours of news in five minutes. Delivered weekdays. Sign Up By submitting your email, you agree to the Privacy Policy and Terms of Use and to receive email correspondence […]

Putin backs gas pipeline to Iran

Energy News Beat [[{“value”:” The capacity could be up to 55 billion cubic meters per year, the Russian leader has said Russian President Vladimir Putin has expressed support for the construction of a gas pipeline to Iran which could eventually supply up to 55 billion cubic meters (bcm) of gas to the Islamic Republic annually. […]

Week Recap: From Biden Sanctions to EU Dilemmas

Energy News Beat Daily Standup Top Stories What do oil and gas exports mean to the Russian economy? How will the new Biden Sanctions play with President Trump’s negotiations? January 12, 2025 Clark Savage ENB Pub Note: The following article is an excellent summary from Alexandra Prokopenko and Alexander Kolyandr about what the oil and gas […]

Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression

Energy News Beat By Wolf Richter for WOLF STREET. Housing construction starts in 2024 split into two opposing dynamics: Starts of single-family properties rose to the second highest level since 2007, while multifamily starts (condos and apartments) plunged for the second year in a row, both years combined by 35%, from 2022, which had been the highest level […]

ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging

Energy News Beat By Wolf Richter for WOLF STREET. Services inflation in the 20 countries that use the euro accelerated to +4.0% in December, according to Eurostat today. This marks the 13th month in a row that the services CPI has been in the 4.0% range, roughly two to four times what prevailed before the pandemic (between +1% […]