OilPrice.com’s Post

The rush for deep-sea mining for crucial minerals to support green technologies is causing environmental concerns. The International Seabed Authority is facing conflicts and allegations of misconduct as it aims to regulate deep-sea mining by 2025.

Serbia is considering ending its 35-year ban on nuclear power plants to diversify energy sources and reduce reliance on Russian gas. This decision involves choosing between potential partners like China, France, the UK, and the US, each with their strategic interests.

Suriname plans to develop offshore oil reserves to be a major oil producer like Guyana, with Block 58 holding around 700 million barrels of recoverable resources. First oil production from Block 58 is set for 2028, which could significantly impact Suriname's economy.

Elliott Investment Management is seeking to appeal a November court ruling that dismissed their claims against the LME for cancelling $12 billion in nickel trades.

British Oil & Gas giant BP Plc (NYSE:$BP) has predicted that global oil demand will peak next year while wind and solar capacity will continue to grow rapidly. I

Recent data from Kpler shows a drop in raw petroleum shipments from key OPEC+ suppliers in June. This decline is due to lower demand in Asian markets and increased local consumption in the Middle East.

NATO leaders are discussing ways to increase military support for Ukraine, including a potential 40 billion euro aid package.

OPEC has stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound in air travel in the summer months.

Hedge funds are actively hiring power traders with high salaries, profit-sharing, signing bonuses, and perks like chauffeurs. This trend is seen in the power and natural gas trading sectors, as noted by industry experts and recruiters.

Honeywell is acquiring Air Products' LNG process technology and equipment business in a $1.81 billion all-cash deal to enhance its energy transition capabilities, the industrial company announced.