Energy News Beat More than 2,200 workers are entering the third day of their sit-in 500 meters below the surface More than 2,000 miners are continuing their protest after taking over a facility in South Africa, demanding bonuses and pension payments. The site is owned by one of the world’s largest platinum miners, Impala Platinum […]
Energy News Beat Brussels will allow Slovakia to export fuel produced from sanctioned crude to the Czech Republic for another year The European Union has granted Slovakia a year-long exemption allowing it to export fuel processed from Russian crude by the country’s oil refinery Slovnaft to the Czech Republic, Reuters reported on Wednesday. Last December, […]
Energy News Beat A Moscow-based unit of Hungary’s OTP bank brings millions in dividends to the parent company, financial reports show The Russian subsidiary of the Hungarian OTP Bank will pay nearly $31 million in dividends to its parent company, the bank’s filing published on Tuesday revealed. According to the document, OTP Bank Russia will […]
Energy News Beat Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its six-turbine project. 2: The project received a $50 million grant under President Obama, but the Energy Department has pulled the grant and taxpayers will get $37 million back. 3: Opponents of the […]
Energy News Beat UAE’s Adnoc has signed a heads of agreement with a unit of Chinese independent gas distributor ENN to supply the latter with liquefied natural gas from its planned LNG terminal in Al Ruwais. Under the deal, ENN LNG (Singapore), a unit of ENN Natural Gas, will buy 1 million metric tons per […]
Energy News Beat China and Brazil shed large portions of their holdings, but the top financial centers loaded up. By Wolf Richter for WOLF STREET. The total amount of Treasury securities outstanding has reached $33.89 trillion and is going to hit $34 trillion shortly. Everyone of these securities must be sold to someone, and foreign holders play a […]
Energy News Beat Daily Standup Top Stories Energy Workforce: Biden’s Gulf of Mexico leasing auction “detrimental” to U.S. energy supply December 19, 2023 Mariel Alumit (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly finalized Department of Interior 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program. The program holds the […]
Energy News Beat Homebuilders and developers have adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August. By Wolf Richter for WOLF STREET. Confronted with mortgage rates that make it tough to sell houses at May-2022 prices, homebuilders have adjusted, and in their quarterly reports, have spelled out how: […]
Energy News Beat Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and journalists alike – “musketeers.” I’m also a fan of the […]
Energy News Beat December 19, 2023 We are excited to announce changes to Today in Energy (TIE). Beginning on January 8, Today in Energy will encompass a broader range of analysis. Pieces previously published as This Week in Petroleum (TWIP), the Electricity Monthly Update (EMU), and the Natural Gas Weekly Update’s (NGWU) In the News […]
