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Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the near future, there are other signs that the demise of fossil fuels has been greatly […]
Coal Generation In UK Jumps As Wind Speed Drops
Coal Generation In UK Jumps As Wind Speed Drops Coal met some 3 percent of the UK’s electricity demand on Friday morning, reaching its highest level of Britain’s power generation in one month, amid lower wind speeds this week and an outage at a gas-powered plant, Bloomberg reports. The last time the UK generated 3 percent […]
Putin: $100 Oil Is “Quite Possible”
Putin: $100 Oil Is “Quite Possible” It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock […]
Is America Doomed To Replicate Europe’s Energy Crisis?
Is America Doomed To Replicate Europe’s Energy Crisis? What is happening in Europe—including the UK, by the way, one of the most active energy transitioners—right now is a cautionary tale of magnificent proportions. Europe was in no particular rush to top up its gas reserves at the time, and neither was Asia. The quick deterioration […]
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports The DoE isn’t considering tapping the SPR “at this time” Goldman Sachs: SPR release […]
One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon
One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon Standard Chartered Global Research has maintained its somewhat bearish oil price outlook during the last couple of months, but last week, the investment bank suddenly turned bullish Standard Chartered raised its 2021 average Brent price forecast by USD 6/bbl to USD […]
Europe Turns To Russia For More Coal As Energy Prices Skyrocket
Europe Turns To Russia For More Coal As Energy Prices Skyrocket Europe is facing a perfect storm of increasing demand for energy in the wake of the COVID-19 pandemic, and a dwindling supply of natural gas used to produce electricity. As Europe’s struggling energy markets look to import any form of affordable energy they can, […]
The Harsh Truth Behind Europe’s Energy Crisis
The Harsh Truth Behind Europe’s Energy Crisis Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the […]
Gazprom: We’re Not Withholding Gas To Europe
Gazprom: We’re Not Withholding Gas To Europe Russian gas giant Gazprom dismisses speculation and accusations that it is not supplying enough natural gas via pipeline to Europe, a senior official at Gazprom Export says. So far in 2021, Gazprom’s gas deliveries to Europe have reached historic highs, Sergey Komlev, Head of the Contract Structuring and […]
The European Energy Crisis Is About To Go Global
The European Energy Crisis Is About To Go Global It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut investment in fossil fuels. The energy crunch that began in Europe […]
America’s Infrastructure Crisis Is Growing Increasingly Dire
America’s Infrastructure Crisis Is Growing Increasingly Dire Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and again. As these events are becoming more frequent and stronger, how will the energy industry prepare for the […]
The U.S. Desperately Needs To Rethink Its Middle East Strategy
The U.S. Desperately Needs To Rethink Its Middle East Strategy Is the Middle East still important? This is a seemingly absurd question, yet some are asking this in Washington. The Middle East is the source of massive reserves in oil and gas. Much of the fuel to produce goods and trade from Asia and the […]
Skyrocketing Energy Prices Could Cripple Europe’s Economy
Skyrocketing Energy Prices Could Cripple Europe’s Economy Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in European economies with a triple whammy of reduced consumer purchasing power, lower industrial production, and higher operating costs. […]
The Battle For Control Of East Mediterranean Energy
The Battle For Control Of East Mediterranean Energy The history of oil and natural gas is marred by instability and conflict. The rise of the Eastern Mediterranean as a prolific energy region has increased existing tensions between certain littoral states while strengthening cooperation between others. The ratification of the charter concerning the Eastern Mediterranean Gas […]
Record-Breaking Energy Prices Could Soar Even Higher In Europe
Record-Breaking Energy Prices Could Soar Even Higher In Europe The European electricity market is in crisis as a perfect storm is driving up prices to ever greater heights. The timing couldn’t have been worse as countries across the continent are reopening and energy demand is rising. Most signs point towards the likely continuation of the […]
