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Analysis

Will Greece's gamble to decarbonise fast pay off?

Thursday, July 9, 2020

Will Greece's gamble to decarbonise fast pay off?

By Costis Stambolis

Last September Greece's newly elected prime minister Kyriakos Mitsotakis speaking at the UN general assembly on Climate Change and the need to take firm action in order to stop its adverse effects announced his government's decision to eliminate all coal use in the country's energy system by 2028.

U.S. Shale Needs to Rethink its Strategy to Survive

Friday, July 3, 2020

U.S. Shale Needs to Rethink its Strategy to Survive

by Haley Zaremba*

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil demand, West Texas shale takes the cake for the biggest economic collapse. While the international Brent crude benchmark did take a beating, the West Texas Intermediate crude benchmark stunned the world when it plunged below zero on April 20, closing out the day at nearly $40 in the hole


EU LNG Import Growth to Slow, But Global Share Rises

Friday, June 19, 2020

EU LNG Import Growth to Slow, But Global Share Rises

by Arun Toora*

European LNG sendout remains a key source of gas supply to the EU despite a surge in US offtake cancellations. LNG sendout was broadly unchanged between April and May, providing just under 10 billion cubic metres (bcm) of gas to the EU or around a quarter of overall imports.


OPEC+ Keen to Keep U.S. Shale in Check as Oil Prices Rally

Friday, June 5, 2020

OPEC+ Keen to Keep U.S. Shale in Check as Oil Prices Rally

by Olesya Astakhova, Dmitry Zhdannikov

Now that crude has rallied on the back of those cuts from below $20 a barrel to $40 or more, the group known as OPEC+ faces a fresh challenge: stopping U.S. shale production delivering another surprise by recovering equally quickly.


Rivalry between US and Rivalry between US and China enters new phaseChina enters new phase

Tuesday, May 26, 2020

Rivalry between US and Rivalry between US and China enters new phaseChina enters new phase

As the push to reopen economies intensifies, world leaders face mounting pressure to successfully balance health concerns, national economies and their own political futures. That’s true of US President Donald Trump as he heads into his re-election campaign this fall, but a surprise addition to this list of vulnerable world leaders is Chinese President Xi Jinping. This new reality may bring the US and China to the cusp of a cold war.

Chinese Oil Imports To Rise In 2020 Despite Coronavirus

Friday, May 22, 2020

Chinese Oil Imports To Rise In 2020 Despite Coronavirus

by Tsvetana Paraskova*

Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks to the low oil prices, according to a research think-tank affiliated with state oil giant China National Petroleum Corporation (CNPC).

China’s apparent crude oil consumption is expected to increase by between 1 percent and 2 percent year on year, CNPC Research says, as carried by Reuters.


Motor Mouth: Can Electric Vehicles Sell Without Incentives?

Friday, May 15, 2020

Motor Mouth: Can Electric Vehicles Sell Without Incentives?

by David Booth*

It wasn’t a banner year for electric vehicles in 2019. After a six-year run typified by near exponential growth — EVs averaged an incredible 60 per cent year-over-year increase from 2012 to 2018 — worldwide sales of plug-in vehicles have stagnated

Is This The End Of The LNG Boom?

Friday, May 8, 2020

Is This The End Of The LNG Boom?

by Nick Cunningham*

The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the oil market, but the gas markets are suffering a lot,” the CEO of Total SA, Patrick Pouyanne, told investors and analysts on an earnings call on Tuesday. “We are on the way to, I would say, cancel some of the of the LNG tankers during summer time in order to limit some losses.”


IEA: Global Energy Demand to Plunge this Year as a Result of the Biggest Shock Since the Second World War

Thursday, April 30, 2020

IEA: Global Energy Demand to Plunge this Year as a Result of the Biggest Shock Since the Second World War





The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%.A new report released today by the International Energy Agency provides an almost real-time view of the Covid-19 pandemic’s extraordinary impact across all major fuels. Based on an analysis of more than 100 days of real data so far this year, the IEA’s Global Energy Review includes estimates for how energy consumption and carbon dioxide (CO2) emissions trends are likely to evolve over the rest of 2020.

Germany Has 200,000 Solar-plus-storage Systems

Friday, April 24, 2020

Germany Has 200,000 Solar-plus-storage Systems

by Sandra Enkhardt*

Demand for residential energy storage continued to increase in Germany last year, according to analyst EuPD Research, which estimated 65,000 rooftop-PV linked systems were installed.

That took Germany to around 200,000 residential batteries by the end of the year, meaning the market had doubled in just two years. In 2018, 40,000 household batteries were installed, according to EuPD.


OPEC Deal to Prevent Global Oil Storage Rise: Experts

Friday, April 10, 2020

OPEC Deal to Prevent Global Oil Storage Rise: Experts

The latest OPEC deal to curb oil production for the second quarter of 2020 would prevent some of the rise in global oil storage capacity, according to experts on Friday. OPEC and non-OPEC oil producing countries agreed earlier Friday to cut their total oil production by 10 million barrels per day (bpd) from May 1 until June 30. "A 10 million bpd cut would be very supportive of price over the second quarter," Ann-Louise Hittle, vice president of macro oils at Wood Mackenzie, said in a note


The Only Logical End To The Oil War

Friday, April 3, 2020

The Only Logical End To The Oil War

by Amad Shaikh*

The global oil and gas industry is in a state of utter distress and uncertainty at the moment. At a time where the coronavirus pandemic is decimating oil demand, the last thing that the oil world needed was an OPEC+ row that threatens to open the oil spigots in the world. Instead of taking measures to temporarily slash supply to keep up with the demand drop, Saudi Arabia and Russia are going head to head to increase supplies

Doubling up: Could Coronavirus Bailouts Make Economies Greener?

Friday, March 27, 2020

Doubling up: Could Coronavirus Bailouts Make Economies Greener?

Two weeks into a growing coronavirus outbreak, Lucy Vinis, the mayor of the Oregon city of Eugene, has plenty to worry about – from how to protect the community’s homeless population to how to keep services functioning in the face of uncertainty. COVID-19, she said, feels like a slow, invisible tsunami – the kind of risk earthquake-threatened U.S. West Coast cities are more used to preparing for


Oil Could Crash To $10 As World Runs Out Of Storage

Friday, March 20, 2020

Oil Could Crash To $10 As World Runs Out Of Storage

The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further

Global oil storage could overflow in the coming weeks as the coronavirus pandemic has dealt a severe blow to demand while Saudi Arabia has promised to supply 12.3 million bpd—not just in April but also over the next few months.

Lack of State Support Hinders Greece’s Oil Exploration

Monday, March 16, 2020

Lack of State Support Hinders Greece’s Oil Exploration

After a 15-year absence from the international exploration scene, Greece made an impressive comeback with the introduction of a new legal and regulatory framework for hydrocarbon exploration and production in 2011, with the support of an enthusiastic government.

In 2014 the government signed new concession agreements for three onshore and offshore areas in western Greece with a group of local and international companies, the first time since 1996.


Will Turkey Explore Oil in Somalia?

Friday, March 13, 2020

Will Turkey Explore Oil in Somalia?

The end of January this year saw important news regarding Turkey’s energy scene from President Tayyip Erdogan in statements he made to reporters while returning from Berlin after the Libya summit. While talking about the maritime boundary delimitation agreement with Libya and Turkey’s exploration vessels in the eastern Mediterranean,

The Eib's Attack on Gas is Counter-Productive [Global Gas Perspectives]

Friday, March 6, 2020

The Eib's Attack on Gas is Counter-Productive [Global Gas Perspectives]

Over the last few months, and especially following the publication of the European Commission's Green New Deal, we are witnessing an unprecedented attack on natural gas. The opposition to the growinguse of gas stems from the notion that, along with coal and oil, it is highly


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