Energy News Beat Iran, Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates formally joined the BRICS group of major emerging economies on January 1, 2024, expanding the bloc’s footprint in the Global South and growing its economic and political clout on the world stage, establishing a real counterweight to the Western-dominated G7. In August, the […]
Energy News Beat Standard Chartered have predicted that oil demand growth in the current year will clock in at a robust 1.54 mb/d and 1.41 mb/d in 2025. StanChart has forecast that global oil demand growth in 2024-2025 will remain above the longer-term average. The analysts have predicted that global monthly demand will move above […]
Energy News Beat Daily Standup Top Stories A Natural Gas Plant Guarding US Northeast From Winter Blackouts Is at Risk – Consumers at mortal risk January 7, 2024 Stu Turley (Bloomberg) — A natural gas terminal that’s been operating for more than half a century has been a crucial safeguard against blackouts when bone-chilling cold hits […]
Energy News Beat Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers. In September, U.S. oil output surged to a record high for any month in history, and forecasts are that production will continue […]
Energy News Beat European Union regulations obligated banks to increase loans and bonds for environmentally friendly industries, leading to a boost in green financing. Banks like Credit Agricole are voluntarily shifting away from financing oil and gas projects, aligning with sustainable investment trends. The U.S. is experiencing slower sustainable financing growth due to political resistance, […]
Energy News Beat PARIS, Jan 7 (Reuters) – France requires more than the six new nuclear plants currently planned and possibly needs to build more than 14 new plants, its energy minister said, just days before a parliamentary debate begins on the issue. Speaking to weekly newspaper La Tribune Dimanche, Energy Transition Minister Agnes Pannier-Runacher […]
Energy News Beat ROME — The balance between offense and defense in war swings back-and-forth, often depending on who has the best kit. But on the seabed’s battlefield, the aggressors are currently very much in charge. In October, all it reportedly took was an anchor, dragged along the seabed for about 112 miles by a Chinese […]
Energy News Beat Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,” the lawmaker cautioned. CBDC Anti-Surveillance Bill Gains Support in Congress Seventy-five U.S. […]
Energy News Beat There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since […]
Energy News Beat (Bloomberg) – Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 MMbpd, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, […]
