Category: Energy News Beat

India should be thanked for Russian oil purchases – New Delhi

Energy News Beat The South Asian nation’s decision to continue trade with Moscow helped manage global inflation, its foreign minister said Indian Foreign Minister Subrahmanyam Jaishankar has asserted that India, the world’s second-largest oil buyer following China, played a pivotal role in stabilizing global oil and gas prices by continuing trade with Russia, thereby mitigating […]

Climate concerns haven’t crippled big oil funding

Energy News Beat Oil Price The global push for decarbonization hasn’t impacted either the access to external capital or the cost of capital for oil and gas companies, S&P Global Ratings and S&P Global Commodity Insights said in a new report. Source: Oil Price Most mid-sized and large oil and gas companies in Europe and North […]

Goldman Sachs sees OPEC keeping oil in $80-$100 price range

Energy News Beat Oil Price Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its pricing power to keep them in the $80-$100 range, the bank said in a note this week, ahead of the OPEC+ meeting on November 26. Source: Oil Price Oil […]

Chevron expands Venezuela oil swap deal as sanctions ease

Energy News Beat Oil Price Following the U.S. sanctions relief on Venezuela’s oil industry, supermajor Chevron has started to supply Venezuelan state oil firm PDVSA with fuels in an expansion of an oil swap deal, Reuters reports, citing sources with knowledge of the matter. Source: Reuters Chevron has already sent one cargo to Venezuela as part […]

As Detroit solar plan advances, community activists are wary

Energy News Beat ​ This article originally appeared on Planet Detroit. After Mayor Mike Duggan announced nine finalists in his campaign to recruit Detroit neighborhoods to host solar panel arrays at a Wednesday press conference, community members and activists are divided over whether the plan will help or unfairly burden their communities. “I thought it […]

Gas infrastructure needs to be ready for clean hydrogen

Energy News Beat Oil Price As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct infrastructure to transport it. Some regions of the world are already establishing major hydrogen corridors, such as […]

Go green, go broke: ‘Clean energy’ fails a basic economics test

Energy News Beat Clean-energy stocks plummet as renewable energy projects prove to be too expensive, threatening America’s environmental aspirations The once-glorified clean-energy stocks are now facing their darkest days, plunging the industry into a financial abyss that threatens America’s ambitious environmental aspirations. The much-touted green revolution is looking more like a red alert as the […]

Speaker Johnson Releases Jan. 6 Videos To The Public

Energy News Beat By Joseph M. Hanneman of Epoch Times More than 40,000 hours of Jan. 6 Capitol Police security video will be made public on a dedicated website starting immediately and ramping up in the coming months, House Speaker Mike Johnson (R-Louisiana) announced on Nov. 17. However, individual video clips released to media or […]

Daily Energy Standup Episode #254 – Weekly Recap: Iran’s Oil Surge, EV Charging Challenges, and Global Dynamics Unveiled

Energy News Beat Daily Standup Weekly Top Stories Explainer: Iran’s expanding oil trade with top buyer China November 11, 2023 Allen Santos Nov 10 (Reuters) – China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions. Existing sanctions were implemented over Iran’s nuclear programme, and […]

Why oil majors Shell and BP are combining solar energy and agricultural production

Energy News Beat At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock’s shepherd, Amanda Stoffels, watches over it as the sheep munch on the grass and nap in the shade provided by the panels. Stoffels owns this land, […]