Rystad Slashes Oil Demand Growth Forecast
Rystad Energy slashes its global oil demand growth forecast for 2020 by 25 percent after assessing the impact of the coronavirus. Rystad Energy revealed Tuesday that it has slashed its Continue Reading
Huge Crude Inventory Build Erases Tuesday’s Price Gains
The American Petroleum Institute (API) estimated on Tuesday a larger than anticipated crude oil inventory build of 6-million barrels for the week ending February 7, compared to analyst expectations of Continue Reading
Global Energy Emissions Are Falling Flat
Finally, a positive climate-related note coming out of the fossil fuels industry at a time when its reputation is beyond battered as it takes the bulk of the blame for Continue Reading
‘How long is the bridge?’ Experts mull place for gas in a low-carbon world
Natural gas sector has been unsettled by a wave of pipeline opposition Shell considers gas a transition fuel that supports the intermittency of renewables The natural gas sector faces growing Continue Reading
Global CO2 emissions from power generation flatten out: IEA
Global carbon dioxide emissions from power production flattened last year to 33 gigatonnes after two years of increase, even though the world economy expanded, the International Energy Agency (IEA) said Continue Reading
Russia Still Elusive On Deeper OPEC+ Oil Production Cuts
Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the coronavirus outbreak, Russian Continue Reading
The $2 Trillion Threat To Middle East Oil
The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil Continue Reading
Haftar forces block U.N. flights in and out of Libya: U.N. mission
Forces loyal to Khalifa Haftar have blocked flights carrying United Nations staff to and from Libya, hampering humanitarian and mediation efforts, the U.N. mission said on Wednesday. Haftar’s eastern-based Libya Continue Reading
The Ticking Time Bomb That Could Crush Oil Markets
Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut deeper. Libya’s civil war entered Continue Reading
Deforested parts of Amazon ’emitting more CO2 than they absorb’
The study results have implications for the fight against climate change. Up to one fifth of the Amazon rainforest is emitting more CO2 than it absorbs, new research suggests. Results Continue Reading