Markets Insider

Russia's oil and gas business is set for a windfall this month. According to Reuters, Russia's oil and gas revenue is set to surge to $9.4 billion in June, up roughly 50% from the $6 billion it took in from oil and gas sales in June of last year. That's a big boost for the Kremlin, given that oil and gas revenues have made up as much as half of the nation's total revenue for the past 10 years.

Russia's oil and gas revenue is reportedly set to boom 50% this month

Texas State

(WO) – Mitsui & Co., Ltd., through its U.S. based subsidiary Mitsui E&P USA LLC ("MEPUSA") has completed the acquisition of an unconventional natural gas asset in Texas from U.S. oil and gas E&P companies Sabana, LLC and Vanna, LLC. The shale asset (named Tatonka, approx. 46,500 acre) is...

Japan's Mitsui & Co. acquires Texas shale assets as U.S. natural gas demand rises

Business Insider

Russian President Vladimir Putin has doubled down on phasing out the use of the US dollar and other "toxic" currencies.

Russia says it's working with a group of countries to build a platform that doesn't need the dollar

Latin Times

Venezuela's state oil company, PDVSA, has begun using tankers that sail undetected by radar to deliver oil to Cuba, as demand for electricity generated by oil-fired power plants soars during the sweltering summers of President Nicolas Maduro's closest political ally. The shift comes as the fleet of state-owned ships that...

Venezuela turns to dark fleet to supply oil to ally Cuba

Reuters

SINGAPORE (Reuters) - Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.

Saudi Arabia may cut oil prices for Asia for second month in August

CBS Pittsburgh

The world could have a glut of oil by the end of the decade because of rising production combined with declining demand as consumers and businesses switch to electric vehicles and renewable energy, according to a new report from the International Energy Agency.The International Energy Agency said Wednesday that the world's total oil supply capacity is expected to rise to about 114 million barrels a day by 2030, which the group said would amount to "staggering" 8 million barrels a day beyond projected demand. That type of spare capacity hasn't been seen outside the COVID-19 lockdowns of 2020, when economies across the...

The world could soon see a massive oil glut. Here's why.

Hawaii State

Hawaii-based Army units are continuing to play a central role in U.S.-Philippine relations as tensions mount between China and the Philippines. On June 10, soldiers from the Schofield Barracks-based 25th Infantry Division, the Fort Shafter-based 196th Infantry Brigade and the Army Reserve’s 100th Infantry Battalion wrapped up Exercise Salaknib. The Army exercise was held in two parts, one that began in April and one in June—it was put on pause for the larger multinational Exercise Balikatan in May, in which the Hawaii troops also participated.

Hawaii Army Units Help Prepare Philippines in Ongoing Dispute

Alaska State

Eni has signed a binding agreement with Hilcorp for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska. Hilcorp is a private US company with extensive Alaska operating experience. Proceeds are anticipated to come from three main sources: high-grading the upstream portfolio, diluting down...

Eni agrees to sell upstream assets in Alaska

The Philippines is looking to create a new base on the site of a former American naval air station at Subic Bay to increase its aerial surveillance and power projection capabilities in the South China Sea. A new forward operating base that can support reconnaissance and attack aircraft will be...

Philippines to Restore Subic Bay Airfield for South China Sea Ops

I’m publisher of The Energy Mix, an e-digest and online archive on energy, climate, and the shift to a post-carbon economy. Also president of Smarter Shift, an Ottawa-based firm that specializes... How could it possibly make sense that an industry that extracted more than 100 million barrels per day...

Coming Soon: It’s Game Over for Big Oil

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Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the day, Sunday, June 30th

The Independent

 Ukrainian President Volodymyr Zelenskyy was in the Philippines on Monday in a rare Asian trip to urge regional leaders to attend a Swiss-organized global peace summit on the war in Ukraine that he accuses Russia, with China’s help, of trying to undermine.Zelenskyy arrived unannounced and under heavy security in Manila late Sunday after speaking over the weekend at the Shangri-La defense forum in Singapore. He had planned but failed to meet with Philippines President Ferdinand Marcos Jr. on the sidelines of that annual defense gathering and decided to fly here to personally invite Marcos to attend the summit in...

Zelenskyy in Philippines to promote peace summit he says China and Russia are trying to undermine

In late March, the president of Guyana, Irfaan Ali, lectured—in his own words—the BBC's Stephen Sackur, who tried to suggest during an interview that Guyana would do better to think about protecting its environment than developing its oil resources. Ali's lecture went viral as he slammed Sackur and...

Is This The World's Very Last New Oil State?

BEIJING (Reuters) - China urged the United States on Friday to stop tolerating and supporting "provocations" by the Philippines, after Deputy Secretary of State Kurt Campbell expressed concern about Beijing's "destabilizing actions in the South China Sea". China and the Philippines have recently traded accusations over "dangerous and illegal maneuvers"...

China urges U.S. to stop supporting the Philippines' 'provocations'

(Reuters) - President Volodymyr Zelenskiy told the new chief of Ukraine's state guard service to clear its ranks of people discrediting it after two of its officers were accused of plotting to assassinate senior officials.

Zelenskiy orders purge of state guard after assassination plots

Reading, PA

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Mahanoy City, PA

The Shenandoah (PA) Sentinel

MAHANOY CITY – Two members of a motorcycle club were convicted on federal charges, accused...
The post Convicted motorcycle club members orchestrated ‘brutal’ home-invasion in Mahanoy, feds say first appeared on The Shenandoah Sentinel.

Convicted motorcycle club members orchestrated ‘brutal’ home-invasion in Mahanoy, feds say

Fortune

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,” IEA said.

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

The Dangote Refinery, the newest and largest facility of its kind in Africa, reports that it sustained a "minor fire" on Wednesday. Video from the scene showed smoke and flame billowing from one corner of the plant, but the operator said in a statement that the blaze had no impact.

Fire Breaks Out at Africa's Biggest Refinery

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Global roll-on/roll-off (RoRo) shipping and vehicle logistics provider, Wallenius Wilhelmsen, has just announced the signing of a substantial multi-year contract with a top industrial equipment manufacturer. The deal, valued at an estimated USD 195 million, spans three years with an optional two-year extension. Wallenius Wilhelmsen said the value of the...

Wallenius Wilhelmsen Secures Multi-Year Contract Valued at $195 Million

NewsBreak

After Oil, Russia May Now Be Building a Shadow Fleet for Gas

(Bloomberg) — In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its...

After Oil, Russia May Now Be Building a Shadow Fleet for Gas

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