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HomeFossil

Fossil

Big Oil Companies

How and why big oil is strengthening its oil and gas exposure

April 28, 2024 Stu Turley

Size usually matters in oil and gas. Eight of the sector’s biggest companies feature in WoodMac’s benchmarking analysis – the five Supermajors and Saudi Aramco, ADNOC and Qatar Energy. These Middle East NOCs are stepping beyond their […]

fossil fuels
Climate Crisis

Opinion: Scuttling fossil fuels could harm national security

April 26, 2024 Mariel Alumit

David Gattie, an associate professor of engineering at the University of Georgia, is no climate denier. He wants that understood upfront. He believes renewable energy is important. That said, however, he believes the United States […]

ERCOT
Electrical Generation / Utilities

ERCOT launches new planning efforts as 2030 load growth projections soar 40 GW in a year

April 26, 2024 Mariel Alumit

Dive Brief: Texas load growth forecasts for 2030 have soared by 40 GW in a single year, necessitating “a new era of planning,” Electric Reliability Council of Texas President and CEO Pablo Vegas said Tuesday […]

Diesel Prices
Downstream

Weak Diesel Prices Reflect Global Economic Slowdown

April 22, 2024 Mariel Alumit

Back in September last year, Bloomberg reported that refineries around the world were struggling to keep up with demand for diesel fuel. That imbalance led to soaring diesel prices, with the fuel gaining 60% in Europe and […]

Climate
Fossil

Dimon, Fink and the Rise of “Climate Pragmatism”

April 22, 2024 Mariel Alumit

Financial institutions play a central role in setting the course of climate action, underwriting clean energy projects around the globe. They also help determine which fossil fuel projects continue to be built. This central role […]

Gasoline Prices
Finance

Investors Bet On Further Rise In US Gasoline Prices

April 14, 2024 Stu Turley

By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]

Volkswagen
Electric Vehicles

Volkswagen electric car sales plunge: Why are Europeans returning to petrol?

April 12, 2024 Stu Turley

Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol. The company said in its latest financial update on 10 […]

block oil and gas
Crude Oil News

Biden administration plans “sweeping” effort to block oil and gas exploration in Alaska

April 12, 2024 Stu Turley

(Bloomberg) – The U.S. set aside 23 million acres of Alaska’s North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development […]

UK
Electrical Generation / Utilities

UK Confident Its Energy Demand Will Be Met at All Times This Summer

April 11, 2024 Mariel Alumit

The UK’s gas transmission and electricity system operators are confident that Britain will have sufficient natural gas and power supply to meet demand at all times during the period from April to September. There is […]

DNV
Crude Oil News

Future of oil and gas industry looks optimistic despite geopolitical uncertainty, DNV reports

April 11, 2024 Mariel Alumit

(WO) – DNV reveals a resilient optimism within the oil and gas sector, despite prevailing caution. According to DNV’s annual “Industry Insight” survey, 73% of senior oil and gas professionals express confidence in the industry’s […]

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