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Summary Reuters analysed 16 years of monthly reports Gap between the two represents 1% world demand Analyst consensus closer to IEA But analysts agree with OPEC peak demand far off LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further …
OPEC, IEA at Most Divided on Oil Demand Since at Least 2008 Read More »
(Reuters) – Shell’s veteran head of liquefied natural gas (LNG), natural gas and power trading Steve Hill is leaving the company, Shell said on Monday. Hill chose to leave, Shell said, adding he would hand over his responsibilities and his successor would be announced in the coming weeks. He will step down on March 28. Hill …
Shell’s LNG, Gas and Power Trading Boss Hill to Move On Read More »
Summary Profit drops by nearly a quarter Base dividend up 4% year on year Capex seen at $48-58 bln in 2024 Share sale is govt decision – CFO DUBAI, March 10 (Reuters) – Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices …
Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit Read More »
(Reuters) – European Union countries agreed on Thursday to jointly quit an international energy treaty over concerns that it undermines efforts to fight climate change, officials said. The 1998 Energy Charter Treaty, which allows energy companies to sue governments over policies that damage their investments, has in recent years been used to challenge moves that …
EU Countries to Exit Energy Treaty Over Climate Concerns Read More »
Exxon Mobil Corp on Wednesday said it filed a contract arbitration disputing Hess Corp’s proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp’s pending deal for the assets. Exxon said the arbitration case will preserve its right to acquire Hess’s 30% stake in the giant Stabroek offshore oil block, Senior Vice …
Exxon Signals Potential Counter Offer for Hess’s Guyana Assets Read More »
Climate change group’s report highlights Canadian exposure About 5% of the country’s GDP stems from oil and gas sector Canada’s biggest banks are more than twice as exposed to the fossil-fuel business as their European and US counterparts, according to a report from climate change think tank InfluenceMap. The country’s largest lenders — Royal Bank of Canada, Toronto-Dominion …
Canadian Banks’ Fossil-Fuel Exposure Outpaces U.S., European Peers Read More »
‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …
Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture Read More »
Summary China vows to cut energy intensity 2.5% in 2024 2023 intensity only fell by 0.5%, less than 2% target 2024 target won’t meet five-year plan goals, analysts say BEIJING, March 5 (Reuters) – China on Tuesday set more stringent energy intensity targets for 2024 after missing last year’s goal, as the world’s biggest energy …
China Sets Tougher Energy Efficiency Goal After Falling Behind on 2025 Targets Read More »
The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal. This year’s U.N. climate negotiations in Baku, Azerbaijan, in November, are the …
EU Wants Fossil Fuel Sector to Help Pay to Combat Climate Change, Draft Shows Read More »
The nation is seeking to exploit the energy transition by boosting LNG production. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The energy transition will eventually be a zero-sum game — for …
Qatar’s Gas Push Has a Hidden Motive – Murdering Coal Read More »
