Coal is projected to remain the largest single source of electricity in India in 2040, according to Michelle Manook, Chief Executive, World Coal Association. She said that coal will continue to play a vital role in supporting intermittent renewable energy sources […]
Oil storage locations across the Americas are emptying as the remarkable rally in crude prices undermines the need to buy and stockpile barrels. Tank owners were one of the few benefactors from last year’s collapse […]
U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil […]
Oil rose for a seventh day in New York, the longest streak in almost two years, on continued signs the global market is tightening and demand is improving. West Texas Intermediate futures increased 0.3% on […]
In its Annual Energy Outlook 2021 (AEO2021), the U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050. Wind and […]
Highlights Iran’s output now about 2.1 mil b/d: S&P Global Platts Market seems to be in balance after OPEC+ cuts: Zamaninia Oil minister Zanganeh defers on OPEC’s next quotas The oil market could absorb more […]
Energy News Beat Publishers Note: We believe that all people in the world should have access to clean, reliable, and the lowest-cost energy at market capabilities. The only way to achieve this goal to get […]
Is China piling into the crude oil market again? A snapshot of where the world’s supertankers are headed suggests it may well be. The number the vessels sailing toward the shores of world’s largest importer […]
German Chancellor Angela Merkel and French President Emmanuel Macron sought to iron out differences over the Nord Stream 2 pipeline ahead of talks with U.S. President Joe Biden on the controversial Russian project. The two […]
Last week we argued in Oilprice.com (“Can Renewables Become As Profitable As Oil and Gas?”, January 5, 2021) that oil companies could not maintain their expected levels of profitability by investing massively in renewable energy […]
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