Oil Prices Fall On Bearish EIA Data
The Energy Information poured cold water on oil bull circles this week when it reported a crude oil inventory increase of 7.9 million barrels for the week to May 22. Continue Reading
The Oil Storage Crisis Is Far From Over
It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s Continue Reading
SUV Sales Exceed 40% Of Global Car Sales For The First Time
Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales worldwide in Continue Reading
IEA says global power sector to see almost $80 bil drop in investment in 2020
The International Energy Agency’s executive director said Thursday that with an historic $400 billion decline in overall energy investment in 2020 expected, the global power sector will account for almost Continue Reading
Coronavirus Will Change the World. Good Luck Figuring Out How.
The U.S. economy contracted 5% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steeper contraction in the second quarter. Continue Reading
The World Is Still Far From Herd Immunity for Coronavirus
That number isn’t high enough to fully reach herd immunity — and the flu still circulates every year. But there are benefits to partial immunity in the population: Only a Continue Reading
Coronavirus may never go away, even with a vaccine
It is a daunting proposition — a coronavirus-tinged world without a foreseeable end. But experts in epidemiology, disaster planning and vaccine development say embracing that reality is crucial to the Continue Reading
IEA’s World Energy Outlook Needs a 1.5°C Climate Change Scenario
The International Energy Agency marginalizes key climate goals in its research, according to an open letter from dozens of investors, business leaders, researchers and climate policy advocates. The Paris-based organization is largely funded Continue Reading
Key UN Climate Talks Officially Postponed to Nov. 2021
The United Nations “Cop26” Climate Change Conference in Glasgow has been officially postponed for a year and is now expected to take place the first two weeks of November. “The COP Continue Reading
Deja Vu: OPEC’s Recurring Oil Production Dilemma
Two conflicting reports about OPEC’s plans for oil production surfaced earlier this week–both citing unnamed sources. One set of sources claimed that Russia was considering an extension of the current Continue Reading