Gazprom Halts Ukraine Gas Transit, Impacting European Energy Markets
Gazprom reduced its gas transit through Ukraine to Europe on December 31, 2023, to 37.2 million cubic meters, down from 42.4 million the previous day, ending a five-year contract and potentially impacting European energy markets, with Moldova facing the most significant consequences.
Gazprom Halts Ukraine Gas Transit, Impacting European Energy Markets
Gazprom reduced its gas transit through Ukraine to Europe on December 31, 2023, to 37.2 million cubic meters, down from 42.4 million the previous day, ending a five-year contract and potentially impacting European energy markets, with Moldova facing the most significant consequences.
Progress
40% Bias Score
Oil Prices Set for Second Consecutive Annual Decline in 2024
Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.
Oil Prices Set for Second Consecutive Annual Decline in 2024
Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.
Progress
32% Bias Score
China's Expanding Renewable Energy Footprint Fuels Global Green Transition
Chinese renewable energy firms are expanding globally, completing projects in Kazakhstan and Kenya, reducing energy costs, lowering carbon emissions, and fostering local economic growth, despite rising trade barriers in some developed nations.
China's Expanding Renewable Energy Footprint Fuels Global Green Transition
Chinese renewable energy firms are expanding globally, completing projects in Kazakhstan and Kenya, reducing energy costs, lowering carbon emissions, and fostering local economic growth, despite rising trade barriers in some developed nations.
Progress
44% Bias Score
New York's Fracking Ban: Economic and Environmental Showdown
New York Governor Kathy Hochul signed a bill banning all fracking, including CO2-based methods, impacting the Southern Tier region's natural gas production and creating a conflict between environmental concerns and economic opportunities, particularly in light of Congressman Nick Longworthy's appoin...
New York's Fracking Ban: Economic and Environmental Showdown
New York Governor Kathy Hochul signed a bill banning all fracking, including CO2-based methods, impacting the Southern Tier region's natural gas production and creating a conflict between environmental concerns and economic opportunities, particularly in light of Congressman Nick Longworthy's appoin...
Progress
52% Bias Score
UK Energy Bills to Rise Further in Spring
UK energy bills will rise to £1,738 annually from January 1st, 2024, increasing to £1,785 in April due to volatile international energy markets, particularly concerning EU gas storage, the Russia-Ukraine gas deal, and potential impacts from a Trump presidency on LNG flows; Ofgem is introducing zero-...
UK Energy Bills to Rise Further in Spring
UK energy bills will rise to £1,738 annually from January 1st, 2024, increasing to £1,785 in April due to volatile international energy markets, particularly concerning EU gas storage, the Russia-Ukraine gas deal, and potential impacts from a Trump presidency on LNG flows; Ofgem is introducing zero-...
Progress
36% Bias Score
9 Million UK Households Face £66M Energy Overpayment Risk
Nine million UK households risk overpaying £66 million on energy bills unless they submit meter readings by January 1st due to the Ofgem price cap increase to £1,738, impacting those on standard variable tariffs without smart meters.
9 Million UK Households Face £66M Energy Overpayment Risk
Nine million UK households risk overpaying £66 million on energy bills unless they submit meter readings by January 1st due to the Ofgem price cap increase to £1,738, impacting those on standard variable tariffs without smart meters.
Progress
48% Bias Score
Suspected Russian Oil Tanker Linked to Baltic Sea Cable Damage
Finnish police suspect the oil tanker Eagle S, linked to Russia's shadow fleet, caused damage to the Estlink 2 undersea power cable on Christmas Day, based on hull damage consistent with anchor damage and extensive seabed drag marks.
Suspected Russian Oil Tanker Linked to Baltic Sea Cable Damage
Finnish police suspect the oil tanker Eagle S, linked to Russia's shadow fleet, caused damage to the Estlink 2 undersea power cable on Christmas Day, based on hull damage consistent with anchor damage and extensive seabed drag marks.
Progress
40% Bias Score
Ukraine Halts Russian Gas Transit, Eastern EU Faces Energy Uncertainty
Ukraine will stop Russian gas transit on December 31, 2023, impacting eastern EU countries reliant on this route; Russia earned about $1 billion monthly from this transit by late 2023, and some countries like Hungary and Slovakia are exploring alternative supply methods despite EU assurances.
Ukraine Halts Russian Gas Transit, Eastern EU Faces Energy Uncertainty
Ukraine will stop Russian gas transit on December 31, 2023, impacting eastern EU countries reliant on this route; Russia earned about $1 billion monthly from this transit by late 2023, and some countries like Hungary and Slovakia are exploring alternative supply methods despite EU assurances.
Progress
44% Bias Score
Finnish Police Link Oil Tanker to Undersea Cable Damage
Finnish authorities detained the oil tanker Eagle S, suspected to be part of Russia's shadow fleet, due to damage consistent with its anchor causing damage to the Estlink 2 undersea cable between Finland and Estonia on Christmas Day. Investigations are ongoing.
Finnish Police Link Oil Tanker to Undersea Cable Damage
Finnish authorities detained the oil tanker Eagle S, suspected to be part of Russia's shadow fleet, due to damage consistent with its anchor causing damage to the Estlink 2 undersea cable between Finland and Estonia on Christmas Day. Investigations are ongoing.
Progress
40% Bias Score
Sails Return to Slash Shipping Emissions
Facing pressure to reduce carbon emissions, the shipping industry is reviving sail technology, with Hurtigruten's new cruise ship featuring large retractable sails and solar panels aiming for zero emissions by 2026, and Cargill's Pyxis Ocean demonstrating significant fuel savings using wind-powered ...
Sails Return to Slash Shipping Emissions
Facing pressure to reduce carbon emissions, the shipping industry is reviving sail technology, with Hurtigruten's new cruise ship featuring large retractable sails and solar panels aiming for zero emissions by 2026, and Cargill's Pyxis Ocean demonstrating significant fuel savings using wind-powered ...
Progress
32% Bias Score
New Jersey Offshore Wind Project Seeks Second Delay Amidst Market Volatility
New Jersey's Leading Light Wind project, a joint venture between Invenergy and energyRE, seeks a second delay until May 2020 due to market volatility, impacting its ability to secure crucial turbine components and potentially delaying the project's contribution of power to 1 million homes.
New Jersey Offshore Wind Project Seeks Second Delay Amidst Market Volatility
New Jersey's Leading Light Wind project, a joint venture between Invenergy and energyRE, seeks a second delay until May 2020 due to market volatility, impacting its ability to secure crucial turbine components and potentially delaying the project's contribution of power to 1 million homes.
Progress
60% Bias Score
BP's Q3 Profit Down, But Share Buybacks and Low-Carbon Investments Offset Losses
BP plc's Q3 2024 results showed a decline in profit to $2.3 billion and revenue to $47 billion due to lower oil prices, but the company announced a new $3.5 billion share buyback program and continues investing in low-carbon energy.
BP's Q3 Profit Down, But Share Buybacks and Low-Carbon Investments Offset Losses
BP plc's Q3 2024 results showed a decline in profit to $2.3 billion and revenue to $47 billion due to lower oil prices, but the company announced a new $3.5 billion share buyback program and continues investing in low-carbon energy.
Progress
44% Bias Score