In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covers the BRICs alliance's new financial system to rival Swift, aiming to reduce reliance on the US dollar for international trade. He discusses potential gas bill increases for UK households due to slow adoption of heat pumps. Oil and gas prices saw a rough week, with crude oil settling around $77. Rig counts increased slightly, and Vital Energy is nearing a $1.1 billion deal to acquire Point Energy. Tanner emphasizes the ongoing global shifts in energy and financial sectors.

Highlights of the Podcast

00:00 - Intro

01:27 - BRICS Officially Announces Financial System Similar to SWIFT

09:38 - Potential increase in gas bills for UK households

10:41 - Markets Update

13:40 - Rig Count Update

14:34 - Vital Energy nearing a deal to buy Point Energy for $1.1 billion, sources say

17:03 - Outro

Please see the links below or articles that we discuss in the podcast.

July 26, 2024 Stu Turley

The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape […]

July 28, 2024 Mariel Alumit

Households that delay switching to heat pumps may face a £2,000 increase in energy bills. This is because the cost of maintaining the gas network’s 174,000 miles of pipes and pumps will spread to fewer […]

July 28, 2024 Michael Tanner

NEW YORK, July 28 (Reuters) – Vital Energy (VTLE.N), opens new tab is closing in on an all-cash deal to acquire private equity-owned Point Energy Partners for $1.1 billion, people familiar with the matter said on Sunday, […]

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