Five things to watch in 2021 after oil’s wild ride this year
The oil sector was hit harder than almost any other by the pandemic. Crude prices fell from near $70 a barrel at the beginning of the year to below $20 in Continue Reading
Annual Energy Outlook Retrospective Review
The U.S. Energy Information Administration (EIA) projects U.S. energy production, consumption, and prices each year in the Annual Energy Outlook (AEO). Every two years, EIA also produces the AEO Retrospective Continue Reading
Ten Ways Covid-19 Has Changed the World Economy Forever
Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change. Measured by output, the world economy is well on Continue Reading
The Energy Sector To Watch In 2021
The year 2020 has been unusually volatile for the U.S. financial market, but more so for the energy sector thanks to nationwide lockdowns and subsequent fuel demand destruction. It’s become Continue Reading
World record for high air pressure may have been set in Mongolia
A brutally cold dome of high pressure across eastern Asia has produced what may be the highest barometric pressure readings ever documented on planet Earth — with an important qualifier. Continue Reading
Iran Cuts Power Supply To Iraq On Unpaid Debt
Iran has reduced exports of natural gas to its neighbor Iraq claiming the latter owed it more than $6 billion for supplies already made. The cuts were made two weeks Continue Reading
Iraqi Kurdistan Finally Moves To Develop Massive Gas Resources
In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghdad has also stated that it Continue Reading
How Angola Can Keep Its Oil Production From Falling
There seems to be a point of saturation when it comes to assessing Angola’s crude exports for the upcoming months – beyond a certain point it serves as no surprise Continue Reading
New Regulations Could Kill Nigeria’s Promising Deepwater Oil Industry
Nigeria may lose up to 38 percent of its deepwater oil production under the terms of the proposed new Petroleum Industry Bill, Nigerian daily Punch reports, adding that this could Continue Reading
Delhi’s Clean Power Goal Has a Problem: Idled Fossil Fuel Plants
India’s capital city is seeking to shed its onerous contracts with fossil fuel power plants to reduce costs and free up funds for clean energy. Tata Power Delhi Distribution Ltd., which Continue Reading