Energy News Beat The West owes oppressed nations apologies, but those seem to be part of the same old colonial system These days in Africa, we often hear calls for reparations for the three Western heinous crimes: slavery, slave trade, and colonialism. Reparations for these atrocities are long overdue, but they are not just about […]
Energy News Beat The BRICS New Development Bank (NDB) has announced the approval of a $500 million loan to fund rural road projects in the Indian state of Gujarat. The funds will be used under the Mukhyamantri Gram Sadak Yojana initiative, according to the bank, which was launched in 2010-2011 to improve connectivity in rural […]
Energy News Beat US liquefaction plants shipped 28 liquefied natural gas (LNG) cargoes in the week ending January 10, while natural gas deliveries to these terminals increased by 1 percent compared to the week before. The EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these […]
Energy News Beat Mass unrest has gripped the Pacific nation over a public sector pay cut, later blamed on an administrative error Soldiers and police patrolled the streets of the Papua New Guinea capital on Friday, a day after the southwest Pacific nation declared a state of emergency in response to widespread rioting during which […]
Energy News Beat Burundi accuses Rwanda of hosting and training a rebel group that has been carrying out deadly cross-border raids Burundi has announced the closure of its border with Rwanda, while suspending diplomatic relations with its East African neighbor. Martin Niteretse, the Burundian internal affairs minister, said on Thursday that the decision was in […]
Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European and Asian prices also dropped compared to the week before. Last week, Spark30S Atlantic decreased to $108,500 per day, and the Spark25S Pacific decreased to $80,250 per day. “LNG freight rates have fallen […]
Energy News Beat Jan 11 (Reuters) – Global oil demand is expected to increase by almost 2 million barrels a day in 2024, with China accounting for more than 25% of the increase, consultancy Wood Mackenzie said in a report on Thursday. WoodMac projected total oil demand of 103.5 million barrels per day for this […]
Energy News Beat Traders are purchasing call option spreads on Brent Crude, betting that oil prices will hit $110 per barrel by the end of March and April, with bets equivalent to around 30 million barrels. Current market fundamentals and analyst projections suggest a balanced or slightly surplus oil market, casting doubt on the likelihood […]
Energy News Beat DUBAI, Jan 11 (Reuters) – Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the United States, Iranian state media reported, a move likely to stoke regional tensions. The seizure of the Marshall Islands-flagged […]
Energy News Beat Britain is to build a new nuclear power station with the capacity to power as many as six million homes under plans to boost energy security and hit net zero targets. Claire Coutinho, the Energy Secretary, heralded the plans as “the biggest expansion in nuclear power for 70 years” as she set out […]
