The Growing Anti-OPEC Movement Is Disasterous For Oil Markets

The Growing Anti-OPEC Movement Is Disasterous For Oil Markets

Earlier this year, Italy’s then-PM Mario Draghi floated the idea of ​​large oil buyers clubbing together and standing up to OPEC+. The idea did not progress much further than the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so attractive that … Read more

Germany’s Natural Gas Storage Will Last For Two And A Half Months

Germany’s Natural Gas Storage Will Last For Two And A Half Months

Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost 90% full, although the country no longer purchases gas at any price, the minister was quoted as saying. Gas storage sites in Germany were nearly … Read more

Magnetic Breakthrough Could Help Save Electricity

Magnetic Breakthrough Could Help Save Electricity

Scientists from the US Department of Energy’s Ames National Laboratory and Oak Ridge National Laboratory conducted an in-depth investigation of the Kagome layered topological material TbMn6Sn6 to understand it and its magnetic characteristics better. These results could impact future technological advancements in quantum computing, magnetic storage media, and high-precision sensors. The research is discussed in … Read more

What’s Behind Buffett’s Renewed Interest In Westerners?

What’s Behind Buffett’s Renewed Interest In Westerners?

Warren Buffett, through Berkshire Hathaway Inc., (NYSE:BRK.A), (NYSE:BRK.B) has been quietly amassing a significant stake in Occidental Petroleum, (NYSE:OXY). As of early August, he had acquired a 20% stake in the common shares of OXY, arousing speculation about what his true plans were. On Friday the 19th of August the Federal Energy Regulatory Commission-FERC, granted … Read more

Dust grains older than our Sun found in asteroid Ryugu samples

Dust grains older than our Sun found in asteroid Ryugu samples

Washington, DC— Microscopic grains of ancient material that predate our Sun’s birth were found in samples returned from the asteroid Ryugu by the Hayabusa2 mission, according to new work from an international team led by Carnegie’s Jens Barosch and Larry Nittler and published in The Astrophysical Journal Letters. Named after a Japanese folktale, Ryugu is … Read more

How China Could Send LNG Prices Into The Stratosphere

How China Could Send LNG Prices Into The Stratosphere

China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change … Read more

JWST to reveal chemistry of ancient galaxies, is taking data for first of six Carnegie-led projects

JWST to reveal chemistry of ancient galaxies, is taking data for first of six Carnegie-led projects

Pasadena, CA— The first of six projects led by Carnegie-affiliated astronomers will, for the next three days, use the James Webb Space Telescope to make some of the most-accurate measurements ever taken of the chemistry of very early galaxies—studying light that traveled 10 billion years to reach us. Carnegie’s Gwen Rudie and Allison Strom, formerly … Read more

Carbon Capture Tech Is Taking The World By Storm

Carbon Capture Tech Is Taking The World By Storm

Mounting pressure from the International Energy Agency (IEA) and expectations established by global players following last year’s COP26 climate summit have led companies to introduce a multitude of carbon-cutting techniques, to make for the cleaner production of oil and gas. Now, governments worldwide are investing heavily in carbon-cutting and storage (CCS) technologies to ensure the … Read more

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers. Tea significantly lower supply from Russia since last week and the upcoming annual maintenance at Nord … Read more