Energy News Beat Nasdaq RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil firm Petrobras PETR4.SA told Reuters. Source: Reuters The group’s surprising announcement on Thursday that the South American nation would join […]
Energy News Beat World Oil (Bloomberg) – Oil tycoon Tim Dunn has spent millions to try to influence Texas to lean toward his conservative politics. Now, as he considers bids for his drilling company that’s said to be valued at more than $10 billion amid a merger-mania in the shale patch, Dunn is poised for a windfall […]
Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Auto dealers nationwide are asking President Biden for relief from onerous mileage regulations that are destroying their businesses. 2 The president is forcing auto makers to produce electric vehicles that are piling up at the dealerships, draining capital and driving up the cost […]
Energy News Beat Spain stepped up purchases of Russian natural gas in 2023, with imports expected to hit a historic high by year’s end, news outlet El Mundo reported on Friday, citing data from the country’s gas network operator Enagas. According to the report, Spain has so far purchased the equivalent of 60,770 gigawatt of […]
Energy News Beat New report from Consumer Reports found that electric vehicles have almost 80% more problems and are “generally less reliable” than conventional internal combustion engine cars. Good thing every major government around the world is subsidizing their use in the name of ‘climate change’, right? Even worse than electric vehicles were plug-in hybrid electric […]
Energy News Beat Indonesia is the world’s largest Muslim country, its fourth-most populous one in general, and is on pace to become the sixth-largest economy by 2027, which is why any potential change in its presently non-aligned foreign policy after February’s upcoming elections could have far-reaching implications for the New Cold War. Indonesia goes to […]
Energy News Beat TOKYO, Dec 1 (Reuters) – Japan’s power utilities on Friday called for an increase in the volume of the country’s strategic liquefied natural gas (LNG) buffer (SBL) to ensure a stable fuel supply amid lingering risk of supply disruptions due to heightened geopolitical risks. The world’s second biggest LNG buyer after China, Japan has […]
Energy News Beat I have to tell you that of all the podcasts that Michael Tanner and I have done; it seems like they are getting more critical and covering more ground in the energy market. I had the honor to have George McMillian, CEO of McMillian and Associates, an unbelievable oil and gas, geopolitical, […]
Energy News Beat Brazil will become a member of the OPEC+ coalition in January 2024, Brazilian Energy Minister Alexandre Silveira announced on Nov. 30, 2023. The announcement was made during the rescheduled OPEC+ meeting convened to discuss the oil output strategy for 2024. The meeting took place against the backdrop of sluggish prices due to […]
Energy News Beat South Africa has received a shipment of 450 gasoline generators donated by China to ease the impact of severe power shortages in the country, local media reported on Thursday. According to Electricity Minister Kgosientsho Ramokgopa, about 100 more generators are expected to arrive in the near term. The equipment will be distributed […]
