Geopolitics and War
The UK warns of Russian attempts to provoke new conflict in Bosnia
Crude Oil Prices continue to rise
Meanwhile, demand from China is expected to pick up after the cities of Beijing and Shanghai eased Covid restrictions, with some reservations about the effect of skyrocketing petrol prices on global consumption.
Commodity prices are not reflecting the lockdowns in China, the global slowdown, interest rate hikes by central banks. they are moving out of fear, misinformation and supply restriction! #Commodities #SPX #NDX pic.twitter.com/jgp1fknMMd— tripletrader (@tripletrader3) May 24, 2022
US Natural Gas Prices are at a high
Vanguard refuses to stop fossil fuel investments
Discoveries & Launches
India's first wind-solar hybrid power plant commissioned
“Wind-Solar Hybrid energy is an important aspect of our business strategy which aims to meet India’s growing need for green energy,” said Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd.
Slew Of New Discoveries Brings UAE Closer To Production Goals
The UAE is looking to expand its oil production capacity to 5 million bpd by 2030.
Indonesia lifts ban on palm oil exports
UK slaps a 25% windfall tax
Sunak’s #windfalltax is a ‘sticking plaster’, say #climate campaigners— Prof. Peter Strachan (@ProfStrachan) May 28, 2022
"Tax on #oil and #gas companies described as ‘missed opportunity’ to tackle #climatecrisis and cost of living crises"#ClimateChange #ClimateEmergency #ClimateAction
Coal India to import for first time in years as power shortages loom
When the choice is between climate and power shortages... the choice is clear: what is the immediate danger?— Anas Alhajji (@anasalhajji) May 28, 2022
For the first time since 2015:
"Coal India would import coal for blending"#Coal #India #Energy pic.twitter.com/aUzQC7yRkL
In Other News
Blackstone buys stake in LNG facility
Blackstone Inc.'s credit investment unit has bought a 49% stake in an LNG facility in Georgia and Kinder Morgan will continue holding the remaining 51%.
Petrobras to maintain 2021 prices for longer term gas contracts
But could this be a hindrance to increased competition?
This podcast digs deeper ..
Technip and Samsung awarded LNG engineering contract
Technip Energies and Samsung Engineering have been awarded a pre-Final Investment Decision engineering contract for a four million tonnes per annum LNG project in Brownsville, Texas.— Energy Connects (@energyconnects_) May 26, 2022
Read more here: https://t.co/ueYXD9WRK1#EnergyConnects #EnergyNews #OOTT #lng