The world's two most closely watched oil forecasters – producer group OPEC and the International Energy Agency – disagree over oil demand growth and whether or when demand will peak
The rare earths market experiences significant fluctuations, with prices plunging due to weaker demand and shifts away from Chinese sources, compounded by export bans imposed by China. Wyoming's rare earth discovery raises hopes of reducing reliance on Chinese supply, potentially leading to a mining boom in the U.S. and altering global market dynamics
The Biden administration’s decision to temporarily pause permitting for new liquefied natural gas (LNG) export terminals has caused an uproar among industry groups and fossil fuel companies. In Congressional hearings on the issue this week, opponents of the move repeatedly declared it would hurt U.S. allies in Europe and Asia that “desperately” need American LNG
Trump's presidency could amplify support for fossil fuels and strain clean energy initiatives. Biden's second term may intensify pro-clean energy policies although his administration would likely face legislative challenges. While the election will undoubtedly influence energy markets, energy investors should continue to focus on individual stocks rather than betting on entire sectors
by Christian Bogmans, Andrea Pescatori and Ervin Prifti*
The induced transition from fossil fuels to low-carbon energy can affect firm investment through powerful anticipation effects. This column uses a firm-level measure of climate policy exposure to show that climate policies have already led to a 6.5% decline in global investment by publicly traded oil and gas companies between 2015 and 2019
Reductions in energy intensity — energy use per unit of GDP generated — slowed in 2023 to 1.3pc from 2pc the year before, the IEA said today. The outlook is positive, but governments must take "substantial and concerted" action to reach a goal of 4pc/yr falls in energy intensity to 2030, it added
In the vast, almost haunting expanse of the high Argentine desert, beneath layers of brine and time, lies an element that could easily be mistaken for table salt. Yet, this mineral holds the key to power electric vehicles, cell phones, and the whole green energy revolution. They call it “white gold” – lithium
The Edison Electric Institute, the electric industry lobbying group, appears to be fighting hard against any rapid policy changes. The American Petroleum Institute, representing the U.S. oil and gas industry, is pushing back against pressure to lean into the energy transition. While it is understandable why these groups want to defend their industries, this reluctance to change might undermine legacy companies going forward
Nuclear power is making a comeback on the EU energy scene after an eventful 2022-2023 year, which according to Paris, reflects an “excellent diplomatic record” for France in defending atomic energy. EURACTIV looks at the bigger picture
The price of natural gas in Europe increased five-fold after the Russian invasion of Ukraine. This large shock made the gas market the focal point of heated political debates across European capitals
Legislative developments that would be supportive of increased recycling give participants in the European recycling market reason for positivity in the long term, although concern about the short-term outlook sat heavily over the recent Plastics Recycling Show Europe (PRSE) conference and trade show
A decline in oil prices squeezed profit margins at China's large oil & gas companies. Sinopec, for Q1 2023, reported an 11.8% drop in first-quarter net profit. CNOOC’s net profit fell by 6.4% year-over-year
Last week, a potentially consequential meeting in New Delhi went conspicuously unnoticed in much of the West. On the sidelines of a meeting of the Shanghai Cooperation Organization (SCO), Nikolai Patrushev, secretary of Russia’s powerful Security Council, met India’s Prime Minister Narendra Modi in a private interaction
The Biden administration’s industrial policy action is built around four major legislative initiatives: the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the Inflation Reduction Act (IRA), and the CHIPS and Science Act
Chemical industry facing 'demand crisis'. China to account for 50% of chemical demand by 2030. US IRA will attract energy transition investments away from Europe
IOCs had effectively been banned from operating in both the north and the south of Iraq. The deal between Baghdad and the KRG about oil sales and its proceeds has not worked out as it should. The FGI’s reinvigorated toughness last year on the KRG’s independent sale of oil from the north indicates that Russian companies lost influence
On December 21, 2022, Russian President Vladimir Putin took part, via videoconference, in the commissioning ceremony for the Kovykta gas field, the largest in Eastern Siberia (Kremlin.ru, December 21, 2022). The field’s recoverable reserves are estimated at 1.8 trillion cubic meters of natural gas, but they are almost entirely reserved for Chinese consumers
Solar and wind are being installed at a rate that is three times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity
The European Union will ban imports of Russian oil products early next month, in a move to further punish Russia for its invasion of Ukraine, but one that could lead to tighter global supplies and higher prices for products such as diesel
Global oil demand is set to rise to an all-time high in 2023 as China relaxes its Covid-19 restrictions in a move that may push crude prices higher in the second half of the year, according to the International Energy Agency