Government subsidies and strong investments put the US on track to increase its carbon capture capabilities by a factor of seven to 164 million tons per year by 2035, solidifying its global leadership, according to BloombergNEF. However, political uncertainty and delayed tax credit guidance have slowed the rate of expansion, with only 6 million tons of new CO2 capturing capacity proposed in the last six months.
LNG and natural gas prices in the EU are reportedly expected to weaken...
LNG and natural gas prices in the EU are reportedly expected to weaken as storage sites reach full capacity during the third quarter. However, the price decline may be constrained by a tight LNG market and the sensitivity of the European gas system to supply disruptions from Norway and the US, sources said.
Dems delay nomination plan amid calls for Biden to step aside
The Democratic National Committee said it would stick with its planned ...
The Democratic National Committee said it would stick with its planned virtual roll call to officially make President Joe Biden the nominee in advance of the party’s convention. But, rather than beginning the virtual vote as soon as next week as originally planned, it won’t start before Aug. 1. The new timeline gives donors and lawmakers concerned about Biden’s ability to beat Republican nominee Donald Trump more time to make their case. Yesterday, Rep. Adam Schiff urged Biden to drop out of the race, making the California Democrat, who’s running for Senate, one of the most high-profile party members to do so.
According to US Energy Information Administration data, US crude oil...
According to US Energy Information Administration data, US crude oil inventories for the week ended July 12, excluding the Strategic Petroleum Reserve, decreased by 4.9 million bbl from the previous week.
The EIA report indicated that US crude oil inventories are about 5% below the 5-year average for this time of year at 440.2 million bbl.
Guests found dead at a luxury Thai hotel were likely poisoned...
Guests found dead at a luxury Thai hotel were likely poisoned by cyanide. Thai authorities say the poison was found in the blood of six people, including two US citizens, who were found dead inside a suite at Bangkok’s five-star Grand Hyatt Erawan. Police say cyanide was detectable in a teapot and coffee cups they drank from amidst a dispute involving bad investments, and law enforcement is now trying to determine whether the deaths were murder or suicide.
President Biden tested positive for Covid-19 yesterday, but the White House says his symptoms are “mild.”
EssilorLuxottica, which owns Ray-Ban, is buying Supreme for $1.5 billion in its first move outside the eyewear space.
The armorer on the set of Rust, who was convicted of manslaughter in the death of cinematographer Halyna Hutchins, wants that conviction thrown out after the case against star Alec Baldwin collapsed.
