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The vast majority of projects don’t have a single customer stepping up to buy the fuel. Hydrogen’s potential as a carbon-free fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas …
Americans place global warming high on their list of worries but low on their list of voting priorities. By Mark Gongloff Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal. Politicians usually pay attention to issues that two-thirds of Americans …
Any politician who supports the “net zero” agenda is working to make gasoline prices much higher By Alex Epstein This is Part 1 of a 4 part feature where I cover 4 of the top energy issues being discussed this summer, especially as politicians return home for August Recess. Any politician who supports the “net …
COMMENTARY: Summer Talking Points: Gasoline Prices – Alex Epstein Read More »
Summary Cuts 2024 oil demand growth forecast to 2.11 mbpd Report sees Q4 OPEC+ crude demand 2.9 mbpd above July output IEA to publish updated forecasts on Tuesday LONDON, Aug 12 (Reuters) – OPEC on Monday cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights …
OPEC Cuts Oil Demand Growth Forecast, Highlighting Dilemma Over Oct Hike Read More »
The IEA’s divisive mission to decide the future of oil Oil companies accuse it of playing climate politics Author of the article: Financial Times – View More Financial Times Energy Articles Here Malcolm Moore in London and Jamie Smyth in New York Fatih Birol is executive director of the International Energy Agency. Birol argues that …
The IEA’s Divisive Mission to Decide the Future of Oil Read More »
Back in 2007, the Alberta and federal governments established a task force on carbon capture and storage (CCS) as a way of reducing emissions from oil, gas, and energy operations. That led to a report in 2008 that said: “CCS is seen as a technological solution that allows Canada to continue to increase its energy …
Biggest US electric grid grappling with increasing demand Payouts of $14.7 billion exceeded $2.2 billion in last auction Power plants on the largest US electric grid just won record payouts in an auction intended to boost the system’s reliability. But experts say it still won’t be enough to spur big investment in projects needed to …
It Will Take More Than Record Payouts to Spur New Power Plants Read More »
Disappointing U.S. jobs data has shaken confidence in a soft landing for the world’s largest economy, sending global equity markets tumbling and bets on interest rate cuts surging. But investors abandoning a popular yen carry trade has played a big role in the selloff, complicating the message from asset prices on the economic outlook. The …
Recession Risks Roil Markets but Not Yet Alarming Read More »
Summary Asian petrochemical margins slide to losses in 2024 Europe, Asian plant consolidation underway Asian output cuts limited by refinery ties (Reuters) – Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for two consecutive years, …
Survival of the Fittest: Petrochemical Makers Battle Global Glut Read More »
U.S. crude oil refiners are trimming third-quarter production plans, company executives said in recent earnings calls, as summer fuel demand ebbs and profit margins remain weak. Operators say they are budgeting more maintenance downtime into forecasts after running at an industry average 95% of capacity earlier this year. Those high oil processing levels led to …
U.S. Refiners Trim Q3 Output Amid Weaker Margins, Plant Overhauls Read More »
