Category: Energy News Beat

Why Ohio companies are investing in hydrogen cars despite infrastructure issues

Energy News Beat ​[[{“value”:” Three Ohio companies are investing in hydrogen fuel cell passenger vehicles even as the U.S. market for electric vehicles continues to grow. Each has an innovative approach to the chicken-and-egg problem of having fuel available when and where drivers need it. The Ohio companies’ focus on fuel cell passenger vehicles is […]

Thomas Kazakos appointed ICS secretary general

Energy News Beat OperationsRegulatory Limassol Chamber The International Chamber of Shipping (ICS) has appointed Thomas Kazakos as its next secretary general. The director general of the Cyprus Shipping Chamber since 1995 will replace Guy Platten, who will be stepping down at shipping’s top lobby group in June next year after holding the position for nearly […]

Performance Shipping pens aframax charter with AET

Energy News Beat EuropeTankers Performance Shipping Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The charterer […]

MOL hires cape from Diana Shipping

Energy News Beat Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission paid […]

Iran key services shut as rial plunges amid energy crisis, regional tension

Energy News Beat   Tehran, Iran – Tens of millions of people across Iran are facing major disruptions as authorities shut down services in the face of an exacerbating energy and currency crisis amid historic regional tensions. This week, government offices, schools, banks and businesses in major provinces and in the capital Tehran have been largely […]

Fed Cuts by 25 Basis Points, to 4.25%-4.50%, Sees Only 2 Cuts in 2025, Sees Higher Inflation, Higher “Longer-Run” Rates. QT Continues

Energy News Beat Energetic backpedal from the aggressive monster-rate-cut trajectory envisioned by the markets three months ago. By Wolf Richter for WOLF STREET. The FOMC voted today to cut the Fed’s five policy rates by 25 basis points, with 1 participant dissenting, (Cleveland Fed president Beth Hammack who preferred no cut). And participants see only two cuts in […]

Russia continues to ship oil directly to the EU despite sanctions, investigation finds

Energy News Beat An investigation by Ukrainska Pravda (UP) has found that Russian oil continues to flow into the EU despite sanctions, with shipments under the flags of Liberia and Panama reaching the ports of Romania and Bulgaria, both EU and NATO members. Nearly three years on from Russia’s full-scale invasion of Ukraine, Western sanctions designed to […]

Scottish Renewables want interconnector reform

Energy News Beat Scottish Renewables say there is a critical role for interconnectors in achieving the UK’s net-zero ambitions but reforms are needed. They have produced a report which identifies opportunities to optimise interconnector benefits and challenges current policies focused narrowly on locational wholesale pricing. Electricity interconnectors—high-voltage cables connecting the UK to neighbouring countries—allow clean […]

Who Lost More Weapons—Russia in Syria or America in Afghanistan?

Energy News Beat After the collapse of their client states, both patrons left behind a trove of military equipment. Jubilant rebels bloodlessly entering the capital, a president in flight, a stunned foreign patron negotiating the evacuation of its forces—this month’s collapse of Syria has more than a few parallels with that of Afghanistan three years […]

Trump Challenges EU Policies

Energy News Beat Daily Standup Top Stories Postal Service’s plan to electrify mail trucks falling far short of its goal December 14, 2024 Clark Savage The United States Postal Service unveiled a plan to buy a fleet of all-electric mail trucks for its mail carriers back in 2022, of which 3,000 were supposed to be delivered […]