The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]
Global oil markets are reacting to news from Eastern Europe that Russia has retracted troops from the Ukrainian border. However, price relief may be short-lived as bullish factors remain, reckons consultancy Rystad Energy. In a […]
The continued rising commodity and transport prices could effect cost reductions achieved over the last decade in onshore wind and solar, according to the International Energy Agency (IEA). Amidst pandemic-induced supply chain challenges and construction delays throughout […]
Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But […]
Source: U.S. Energy Information Administration, International Energy Outlook 2021 (IEO2021) Reference case In the Reference case of our International Energy Outlook 2021 (IEO2021), where we assume current laws and regulations continue into the future, we project that renewable resources—particularly solar […]
The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to […]
Norway, Western Europe’s biggest oil producing nation, plans to expand its green energy industry and strengthen its power grid, but isn’t willing to budge when it comes to exploiting its oil and gas resources. Petroleum […]
Saudi energy minister Prince Abdulaziz bin Salman has read the International Energy Agency’s recent blockbuster report outlining a roadmap for the world to achieve net-zero carbon emissions by 2050 and is not impressed. His review: […]
Oil firms expect to spend 4.8 percent more on oil and gas operations offshore Norway in 2021 compared to the previous estimate three months ago, thanks to more fields coming on stream, Statistics Norway said in its […]
By taking unprecedented action that transforms how energy is produced, transported, and used, the world can eliminate net emissions of carbon dioxide by 2050, according to a report released today by the International Energy Agency (IEA). The […]
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