How Will We Pay for the Energy Transition?
Earlier this month, the International Renewable Energy Agency said the world needed to invest $131 trillion by 2050 in order to limit the estimated global rise in average temperatures to Continue Reading
December Non-OPEC Oil Output Continues Rebound from May Low
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to December 2020. Continue Reading
COVID-19 has shown that decarbonization goals are achievable
Decarbonizing energy in a way that is affordable for all will require determination and a variety of technologies, policies and regulation, writes S&P Global Platts’ global director of analytics, Chris Continue Reading
Offshore Oil & Gas Spending Set To Jump To $44 Billion In 2021
After last year’s lowest spending on new field developments in 30 years, the offshore oil and gas sector is set to significantly increase capital expenditures this year to around US$44 Continue Reading
Report Accuses Banks Of Creating “Climate Chaos”
A new report by a group of environmentalist organizations has accused the world’s biggest banks of wreaking “climate chaos” on the world by investing trillions in the oil and gas Continue Reading
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month, according to four Reuters sources. Saudi Arabia and the UAE have both spoke out in favor of Continue Reading
Iran Looks To Expand Oil Influence In Africa Through New Pipeline
Iraq remains the key cover through which Iran transports its oil to the rest of the world, as has been well-documented by OilPrice.com , so the news last week that Continue Reading
Turkey Looks To Improve Energy Relations With Egypt
Ever since the attempted coup in Turkey of 2016, Ankara has become more assertive regarding its near abroad foreign policy. With the rise of the AKP in the early 2000s, Continue Reading
Iran’s Oil Exports To Rise In March
Iran’s crude oil exports are rising this month compared to February and March last year, tanker tracker Petro-Logistics told Reuters on Tuesday. Last week, Geneva-based Petro-Logistics said that Iranian oil Continue Reading
13 Million Barrels Of Oil Could Be Affected By Suez Canal Blockage
As many as 10 crude tankers carrying around 13 million barrels of oil could be affected by the disrupted traffic in the Suez Canal, which was blocked early on Wednesday Continue Reading