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LNG Market Faces Disruption as Red Sea Closure Forces Risky Detours

The last LNG carrier that passed the Bab el Mandeb strait off the Yemeni coast did so in February. Since that month, there has been no LNG traffic via the once major energy chokepoint as vessels diverted around Africa—or changed destinations entirely. When the Houthi attacks on ships traversing the Red Sea prompted the redirection of maritime trade...

Sun May 19, 2024 02:01
Europe Imports Russian Oil Products via Turkey, Skirting Sanctions

A recent report by the Centre for Research on Energy and Clean Air (CREA) and the Center for the Study of Democracy (CSD) reveals that the European Union (EU) has imported EUR 3 billion worth of oil products from Turkish ports that predominantly handle Russian oil—ports that don't have refining hubs. This trade has effectively bypassed the EU/G7 sanctions...

Sun May 19, 2024 02:01
SPR Levels Remain Low

Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.” However, this is misleading at best. To recap, the SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four sites along the coastline of...

Sun May 19, 2024 00:05
China’s Apparent Oil Demand Dips in April for First Yearly Decline Since 2022

Chinese refiners processed lower crude volumes in April due to maintenance, while apparent oil demand in the world’s top importer of the commodity fell for the first time on an annual basis since the end of 2022. Chinese government data showed on Friday that crude processing rates fell by nearly 4% year-over-year to 14.36 million barrels per day (bpd)...

Sun May 19, 2024 00:05
These Are the 21 Most Polluted Cities in the U.S.

According to the World Health Organization, air pollution is responsible for 7 million deaths annually, and could cost the global economy between $18–25 trillion by 2060 in annual welfare costs, or roughly 4–6% of world GDP. And with predictions that 7 in 10 people will make their homes in urban centers by mid-century, cities are fast becoming one of...

Sat May 18, 2024 22:03
Body Heat: A New Source of Energy for Buildings?

In a few countries around the globe, governments are using an innovative method to warm buildings using body heat. The long-talked-about idea is finally becoming a reality, but it is not yet widely used. A resting male can generate between 100 and 120 watts of energy, most of which is lost as excess heat. However, capturing this heat for other applications...

Sat May 18, 2024 20:00

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