Oil hits 6-week high as U.S. Gulf braces for another hurricane
Oil prices hit a six-week high on Tuesday as another hurricane threatened to bring heavy rain to Texas and parts of Louisiana that were still recovering from Ida, and as Continue Reading
Vaccines set to unleash pent-up oil demand -IEA
After a three-month slide in global oil demand due to the spread of the Delta variant of COVID-19 and pandemic restrictions especially in Asia, vaccine roll-outs are set to power Continue Reading
Natural Gas Prices Can Still Double From Here
Natural gas prices have hit their highest levels since 2014, outpacing oil and many other commodities. On Monday, natural gas futures were trading up 2.6% to $5.09 per million British Continue Reading
World Must Wait for Extra Oil as Ida Offsets OPEC Hike, IEA Says
The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said. Consumers should Continue Reading
Shipping Lines Think Spot Rates Have Peaked
One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end Continue Reading
World’s Oil Supply Pressured by Hurricane Ida, Other Outages
The impact of Hurricane Ida and other oil supply outages will take a sizable chunk out of global oil production this year, the International Energy Agency said Tuesday. In its Continue Reading
Is Oil Really Doomed?
Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate Continue Reading
Fuel for Thought: Energy transition, like oil, needs strategic reserves
A military coup in West Africa has underscored the potential benefits of stockpiling critical and strategic metals essential for the energy transition . The detention of Guinea’s president, Alpha Condé, Continue Reading
Report: Climate change could see 200 million move by 2050
Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hot spots unless urgent action is taken to reduce Continue Reading
Study shows extreme flooding will worsen due to climate change
The intense rains that fell across western and southern Germany in July were both devastating and historic. Up to eight inches of rain fell in less than 24 hours, flooding Continue Reading