Exclusive: Shell launches major cost-cutting drive to prepare for energy transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its Continue Reading
Europe Set for Biggest Shift Yet in Financing Cleaner Growth
The European Union will unleash as many green bonds as the world issued last year, testing the level of investor interest in financing a shift toward cleaner economies. The bloc plans Continue Reading
The Electrification Of UK Offshore Oil & Gas
The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important Continue Reading
Sweden introduces GHG reduction mandate for aviation fuel for 2021, increasing to 27% in 2030
Sweden has an ambitious target of being fossil-free by 2045. As a part of the initiative, the Swedish Government announced on 11 September the introduction of a greenhouse gas (GHG) Continue Reading
Light Crude Ends Week Above $41
Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June. (Bloomberg) — Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike Continue Reading
Oil Rallies Despite Bearish Demand Forecasts
Oil prices perked up this week, buoyed by both OPEC developments and Hurricane Sally. That is despite BP’s pessimistic 2020 edition of its annual outlook that suggests we have already Continue Reading
WTI Rallies 10% In Bullish Week For Oil
In spectacular fashion, crude oil traders went from discussing bearish factors such as storage containment issues to celebrating forecasts calling for supply shortages, in less than a week. U.S. West Continue Reading
String Of Bullish News Sends Oil Rallying Above $40
Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel. As Continue Reading
Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End
Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices Continue Reading
Has Oil Demand Peaked?
1. BP sees oil demand already at a peak – BP (NYSE: BP) made major headlines this week when it released its latest energy outlook, which laid out three scenarios, Continue Reading