Thursday, January 23, 2025
Putin, Russia

Putin Says Oil Output Deal Stabilized World Markets 

From Reuters/O.Canada  MOSCOW — A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilizing oil markets, Russian President Vladimir Putin was quoted as saying in an interview on Thursday.  Asked in the interview with the Financial Times if Russia would support extending the deal when it expires at the end of this

Electricity Giants Take Top Seats at Edison Electric Institute - Oil & Gas 360

Did GE Make a Multi-Billion Dollar Mistake? 

From Think Progress  Last week, General Electric announced it would close a California gas plant 20 years ahead of schedule. The Inland Empire Energy Center in California, the company said, was “uneconomical to support further” in part because of outdated technology.  But California’s aggressive clean energy goals and commitment to using renewable energy was also a key determinant in GE’s decision to take the plant

China’s Soaring Natural Gas Consumption Surpasses its Production 

From AXIOS – Adapted from The Oxford Institute for Energy Studies   A short paper from an Oxford Institute for Energy Studies researcher looks at China’s soaring demand for natural gas and ways it could meet growing import reliance.  Why it matters: China has become the world’s largest gas importer as demand has greatly outpaced domestic production, as the chart above shows.  Import reliance reached 43% last