EIA Lowers Oil Production Expectations For 2022
U.S. crude oil production this year will average 11.1 million bpd and will rise to 11.8 million bpd in 2022, the Energy Information Administration said in its latest Short-Term Energy Continue Reading
Spread of COVID-19 Delta variant knocks oil demand outlook
Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta Continue Reading
IEA Cuts Oil Demand Outlook on Virus, Sees New Surplus in 2022
The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in Continue Reading
Why Latest Thinking on Global Warming Rings Alarms: QuickTake – Bloomberg
Wildfires, heat waves, droughts, flooding, and more are no longer “natural” disasters exclusively, because humanity has a substantial role in making many of them more extreme. That’s a key takeaway Continue Reading
Delta Variant Has Dented 2021 Recovery in Oil Demand, IEA Says
The rapidly spreading coronavirus Delta variant and its impact on the global economy mean the world will consume less oil this year than previously thought, the International Energy Agency said Continue Reading
IEA warns oil demand recovery stalls as COVID-19 impact drags
Highlights Global demand fell 120,000 b/d in July on setbacks in Asia Lowers 2021 demand growth estimate, ‘call’ on OPEC Non-OPEC+ supply growth estimate lowered for 2021 The International Energy Continue Reading
How Can Emerging Markets Capitalize On Geothermal Energy’s Potential?
While solar and wind are the dominant segments in the transition to renewables , a number of emerging markets are looking to geothermal sources as a way to meet future Continue Reading
A Major Rift Remains Within OPEC
Conflicts and major disagreements within OPEC usually go unnoticed as member states use consultation and decision-making mechanisms that prevent a public mess. The UAE’s recent decision to do the unexpected Continue Reading
Devastated by war, Yemen’s still surviving oil and gas sector needs peace to recover
Highlights Oil output has plummeted to below 100,000 b/d TotalEnergies, OMV players in Yemen Petsec Energy could restart soon Yemen’s oil and gas industry could be at a crossroads after Continue Reading
New Iran Oil Minister Selected
Iran’s new president picked the former head of the country’s natural-gas company as oil minister, at a time when the Islamic Republic is engaged in fraught negotiations with world powers Continue Reading