Is $100 Oil Sustainable?
There are a number of factors that have pushed oil prices into the stratosphere, but the rally may be becoming unsustainable. Russia’s war in Ukraine has created a particularly tight Continue Reading
IEA Cuts Oil Demand Forecast as China Reimposes Lockdowns
China consumption estimate reduced by 925,000 b/d in April Global market now seen in balance for much of the year The International Energy Agency cut its forecast for global oil Continue Reading
IEA trims global oil demand forecast on China weakness
The International Energy Agency has lowered its global oil demand forecast because of surging coronavirus cases in China and weaker than expected demand in the US and other developed countries. Continue Reading
Energy Consultancy Warns Economic Growth Could Slow
Wood Mackenzie has produced a downside scenario for the global economy. Global economic growth could slow to 2.5 percent year on year in 2022 and 0.7 percent in 2023 due Continue Reading
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the Continue Reading
East African oil pipeline hits the headwinds
Climate activists are urging more banks and insurers not to back the controversial $5 billion East African Crude Oil Pipeline that is primed to transport oil from the Hoima oilfields Continue Reading
The Fertilizer Shock Might Change Agriculture—for the Better
James Cox counts himself lucky. The owner of a 687-acre farm in Gloucestershire, a bucolic county in the southwest of England known for its quaint villages and rolling landscape, bought Continue Reading
Methane Leaks Make LNG-Powered Ships Dirtier Than Other Vessels
Leaking Methane Makes LNG-Powered Ships Dirtier Than Fuel Oil Methane leaks from ships using liquefied natural gas as fuel make most of the vessels dirtier than ones using diesel or Continue Reading
OPEC Raises Oil Production By Just 57,000 Bpd In March
OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core Continue Reading
Nigeria’s Oil Production Dips to 1.24m Bpd, Lowest This Year
All is not well in Nigeria’s oil industry as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated that oil output dropped to an average of 1.24 million barrels per day Continue Reading