Category: Energy News Beat

Sweden rules out international Nord Stream probe – RIA

Energy News Beat Such an investigation would “achieve nothing,” the Swedish Foreign Ministry told the agency There is no need for an international investigation into the explosions on the Nord Stream 1 and 2 natural gas pipelines, Sweden’s Foreign Ministry has told RIA Novosti news agency. Last week, China’s deputy envoy to the UN, Geng […]

Week Recap: Biden’s Rules, China’s Probe, Tesla, New Geothermal

Energy News Beat Weekly Daily Standup Top Stories Biden Administration Finalizes Power Plant Rule April 27, 2024 Stu Turley ENB Pub Note: I will discuss this article on the Daily Energy News Beat Stand Up. Look at the two videos at the end of the article to get a sense of the utter futility […] China calls […]

Which Industries Lost Jobs, Which Gained Jobs: Longer-Term Employment Trends in Charts

Energy News Beat New all-time highs: Construction, Professional & Business Services, Healthcare, Wholesale trade. Layoffs whack Information. By Wolf Richter for WOLF STREET. Earlier today, we discussed the overall labor market. But each industry faces its own unique labor market. In some industries, employment has been trucking from all-time high to all-time high, while in other industries, the […]

Jobs, Wages, Mass Immigration, Full- and Part-Time Workers, Unemployment, Prime-Age Participation Rate, and Multiple Jobholders (who are they anyway?)

Energy News Beat By Wolf Richter for WOLF STREET. In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over the past 12 months, the range has been between 165,000 and 315,000. Over the past three months […]

Why hundreds of U.S. banks may be at risk of failure

Energy News Beat Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 […]

Anglo American Rejects BHP’s $38.8 Billion Takeover Bid

Energy News Beat Anglo American’s board unanimously rejected BHP’s unsolicited all-share takeover offer. Anglo American cited significant undervaluation and an unattractive structure as reasons for rejecting the proposal. Industry insiders believe BHP’s interest in Anglo American is primarily driven by its copper assets. Metal Miner Metals markets recently saw UK metal and mining multinational Anglo […]

OPEC Resolves Compensation Plans for Overproducing Members

Energy News Beat OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push for production cut compliance comes as the price of Brent crude is trading down roughly $6 per barrel over the last 30 […]

Global oil demand to grow to 108 MMbpd by 2030 despite “peak oil” outlook, Enverus reports

Energy News Beat (WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade. Instead, EIR expects global oil demand to grow to approximately 108 MMbpd by 2030. Chief […]

ENB #207 Rethinking Green: The Unseen Impact of ESG on Energy and Finance

Energy News Beat The world is in a financial crisis and it is intentionally been implemented. Today I sit down with Paul Tice and we talk about his new book: “The Race to Zero: How ESG Investing will Crater the Global Financial System” – Paul H. Tice While getting ready for this interview, I poured […]

EPA power plant rule targets coal. Does that spell trouble for the grid?

Energy News Beat Piles of coal parked at the entrance of Baltimore Harbor are the gateway to one of the biggest fossil fuel plants in the mid-Atlantic region. After years of public debate and litigation brought by the Sierra Club, the 1,283-megawatt Brandon Shores coal-burning power station is expected to close in 2025 under an […]