Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Written by Paulo Nogueira

Published on 16/01/2024 at 09:09

Abdul-Malik Al-Houthi, líder dos rebeldes do Iêmen que declararam guerra contra os navios dos EUA que cruzam o Mar Vermelho (Foto: Reprodução) – Todos os direitos: EPBR

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Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Recently, the Red Sea region has been the scene of intense clashes, with rising tensions between Houthis rebels and the U.S. The attack on a U.S. ship by the rebels raised further concerns amid the war declared by the group against U.S. vessels.

The situation in the Red Sea is becoming increasingly volatile, with the Houthis putting U.S. ships in their sights and making threats that further escalate the conflicts in the region.

Vessel Hit Amid Rising Tensions

The first target of the missiles was the M/V Gibraltar Eagle, a container ship flagged in the Marshall Islands, owned and operated by an American company, hit this Monday (15/1).

ARTICLE CONTINUES BELOW

Ballistic Missiles in Israel’s ‘Espionage Center’

– The Iranian Revolutionary Guard, which supports the Houthis, claimed to have launched missiles at an ‘espionage center’ in Israel in the autonomous region of Iraqi Kurdistan, killing four civilians.

It also attacked ISIS in Syria, in retaliation for the two suicide bombings that occurred this month.

Oil Prices Fell, Market Activity Reduced

– Despite the rising tensions, the price of oil fell on Monday, with lower market activity due to the Martin Luther King Jr. Day holiday in the U.S.

Brent futures fell 0.2% to US$ 78.15 a barrel. WTI dropped 0.5% to US$ 72.30/barrel.

Growth of Oil and Gas Production in 2023

PPSA Has Record Revenue. Pré-Sal Petróleo (PPSA) raised R$ 6.02 billion in 2023 through the sale of oil and natural gas. This record amount is 28% higher than the R$ 4.71 billion reported in 2022.

The growth was driven by the increase in production in pre-salt sharing contracts and also by the prices of oil in the international market.

Tax Proposal for Oil and Gas in the U.S.

Tax on Oil and Gas in the U.S. The U.S. government proposed a tax on excess methane from major oil and gas producers reporting emissions above 25,000 tons of carbon dioxide equivalent (CO2e) per year at their facilities.

The plan is to implement a gradual charge starting in 2024, taxing excess methane emissions beginning at US$ 900/ton. In 2025, this amount is expected to rise to US$ 1,200, reaching US$ 1,500 in 2026.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Brazil and Italy. G7 and G20 presidents, Italy and Brazil should strengthen relations for the green transition, said Italy’s consul in São Paulo, Domenico Fornara, in an interview.

No Agreement for Itaipu. The presidents of Brazil, Luís Inácio Lula da Silva, and Paraguay, Santiago Peña, discussed the Itaipu power plant tariff during a meeting in Brasília, but there has still been no agreement between the countries.

The Paraguay wants to increase the tariff value, currently at US$ 16.71/KWh, while Brazil seeks to reduce or maintain the price.

Lula stated that he recognizes the Paraguayan demand and that wants a quick solution for the dispute.

Record Financing for Renewable Energy Project

Largest Renewable Loan. BNDES approved the largest loan ever made by the bank for a renewable energy project. It will provide R$ 3.16 billion for the installation of the Babilônia Centro wind complex in Bahia.

The plant has a capacity of 553.5 MW and is between Casa dos Ventos and ArcelorMittal and will cost a total of R$ 4.2 billion.

Legal Decision on Power Cut for Defaulters

15 Days to Cut Electricity. The Superior Court of Justice (STJ) unanimously decided that it is legal to cut off electricity for defaulting consumers 15 days after formal notification by the distributor.

Source: EPBR

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Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Vessel Hit Amid Rising Tensions

Ballistic Missiles in Israel’s ‘Espionage Center’

Oil Prices Fell, Market Activity Reduced

Growth of Oil and Gas Production in 2023

Tax Proposal for Oil and Gas in the U.S.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Record Financing for Renewable Energy Project

Legal Decision on Power Cut for Defaulters

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On the coast of China, fishermen received an official reward after finding 10 foreign underwater devices capable of “stealing secrets” in just two years, showing that the silent war for the seabed has already reached the nets of those who rely on fishing.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After decades of selling cushioning and extreme protection, the new craze in trails and hiking shoes is precisely taking off your shoes.

Renewable energy companies suspend R$ 40 billion and consider leaving the Northeast after rising costs and cuts in generation.

Mr. Geraldo, at 99 years old, leaves the city and walks about 9 km on a dirt road until he reaches the farm, where he maintains a routine in the countryside, takes care of the animals, engages in rural activities, and preserves traditional practices.

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After 10 days orbiting the Moon, an astronaut from the Artemis 2 mission records with an iPhone the moment when Earth disappears on the lunar horizon, and the video impresses the world.

Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Vessel Hit Amid Rising Tensions

Ballistic Missiles in Israel’s ‘Espionage Center’

Oil Prices Fell, Market Activity Reduced

Growth of Oil and Gas Production in 2023

Tax Proposal for Oil and Gas in the U.S.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Record Financing for Renewable Energy Project

Legal Decision on Power Cut for Defaulters

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

On the coast of China, fishermen received an official reward after finding 10 foreign underwater devices capable of “stealing secrets” in just two years, showing that the silent war for the seabed has already reached the nets of those who rely on fishing.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After decades of selling cushioning and extreme protection, the new craze in trails and hiking shoes is precisely taking off your shoes.

Fragile negotiation between the USA and Iran drives oil prices up: what is happening?

Petrobras made two discoveries in the pre-salt of the Campos Basin in less than 30 days: “excellent quality” oil in Marlim Sul in March and hydrocarbons at 2,984 meters in April.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Renewable energy companies suspend R$ 40 billion and consider leaving the Northeast after rising costs and cuts in generation.

Mr. Geraldo, at 99 years old, leaves the city and walks about 9 km on a dirt road until he reaches the farm, where he maintains a routine in the countryside, takes care of the animals, engages in rural activities, and preserves traditional practices.

A planet the size of Earth is being “cooked” before scientists: HD 63433 d has a year equivalent to 4.2 days, may have half of its surface covered in lava, and reaches about 1,257°C in a hemisphere locked by the star.

The railway involved in one of the largest wars ever fought in southern Brazil may resume operations after three decades of inactivity, and the federal government has already begun to study its feasibility.

After 10 days orbiting the Moon, an astronaut from the Artemis 2 mission records with an iPhone the moment when Earth disappears on the lunar horizon, and the video impresses the world.