We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. […]
In 10 years before the proverbial 2035 date when many mandated transitions to “green electricity” occur to reduce or eliminate usage of fossil fuels, most of today’s elected officials, policy advisers, and policymakers are: Mostly […]
Authored by Molly Kingsley via The Brownstone Institute, Human history is a story of forgotten lessons. Despite the catastrophic collapse of European democracy in the 1930s, it appears that the tale of the twentieth century […]
Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units, compared to the month before. The total number of international […]
WASHINGTON, Feb 7 (Reuters) – U.S. President Joe Biden on Monday warned that if Russia invades Ukraine, there would be no Nord Stream 2, but did not specify how he would go about ensuring the controversial pipeline would […]
The Killybegs Fishermen’s Organisation and Sinbad Marine Services have proposed a floating wind farm to be built more than 50 kilometres offshore Donegal, Ireland, and have signed a Memorandum of Understanding with Swedish floating wind […]
In a statement posted on its Twitter page, ADNOC has announced multiple onshore oil discoveries in place totaling 650 million barrels of oil. In the statement, ADNOC outlined that the finds include 500 million barrels […]
Source: U.S. Energy Information Administration, Petroleum Supply Monthly Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The President’s executive order, however, does not […]
Source: U.S. Energy Information Administration, International Energy Outlook 2021 In our International Energy Outlook 2021 (IEO2021), we project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050. In 2020, the countries of […]
Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States, and oil prices well above their real long-term average are all manifestations of the same global […]
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