Daily Standup Top Stories US opens applications for $900 million for small nuclear reactors October 16, 2024 Mariel Alumit WASHINGTON, Oct 16 (Reuters) – The U.S. on Wednesday opened applications for up to $900 million in funding to support the initial domestic deployment of small modular reactor nuclear technology. WHY IT’S IMPORTANT President Joe […] […]
Continue ReadingDaily Standup Top Stories Dimon Issues Dire Warning About “Treacherous” Geopolitical Situation October 14, 2024 Mariel Alumit Jamie Dimon, CEO of JPMorgan Chase, has expressed concerns about the global economic outlook. He cited geopolitical tensions, particularly in the Middle East, as a major factor contributing to uncertainty. Dimon also warned of potential […] China Initiates Huge Military […]
Continue ReadingDaily Standup Top Stories Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise October 9, 2024 Stu Turley British oil giant BP continued efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production by 2030. Originally […] […]
Continue ReadingDaily Standup Top Stories Oil Prices Spike As Iran Sends Volley of 100+ Ballistic Missiles Into Israel October 1, 2024 Stu Turley Iran has fired more than 100 ballistic missiles into Israel, according to the latest reports, after the United States warned Israel this morning that an attack was imminent. Israel had time to move its […]
Continue ReadingDaily Standup Top Stories Oil, Natural Gas, and Coal Dominate U.S. Rail Freight September 30, 2024 Mariel Alumit U.S. rail freight transported nearly 1.8 million metric tons of materials in 2023, with energy products, including coal, oil, and natural gas, being the most common. Rail stands out for its safety record and sustainability, […] UK has world’s […]
Continue ReadingDaily Standup Top Stories Electric Vehicle Sales Are Stumbling. Here’s Why September 29, 2024 Stu Turley With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its net zero climate goals unless people give up their gasoline and diesel cars. For many years, […] Biden-Harris Admin Won’t Hold Offshore […]
Continue ReadingDaily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was […] Goldman Sees Upside for […]
Continue ReadingDaily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […] Relying on electricity interconnectors […]
Continue ReadingWeekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […] It’s […]
Continue ReadingDaily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
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