(Bloomberg) The world’s largest banks are showing little or no progress when it comes to their promise to help the world avoid the worst consequences of global warming. According to researchers at BloombergNEF, the ratio of spending on low-carbon infrastructure relative to fossil fuels needs to reach 4 to 1 by 2030. At the end of last year, …
Wall Street Makes Zero Progress in Energy Finance Transition Read More »
By Alex Lawler Summary Cuts 2023 demand growth forecast by 90,000 bpd Raises 2024 demand growth forecast by 130,000 bpd to 1.1 mbpd Gap remains between OPEC, IEA views on 2024 oil demand growth LONDON, Dec 14 (Reuters) – World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on …
World Oil Demand Next Year to Rise Faster Than Expected, IEA says Read More »
U.S. natural gas futures held near a six-month low on Wednesday on record output and forecasts for mild weather and lower heating demand next week than previously expected that should allow utilities to pull less gas from storage than usual through at least late December. Analysts forecast there was currently around 7.8% more gas in …
U.S. Natgas Prices Hold Near Six-Month Low on Record Output, Mild Weather Read More »
(Bloomberg) COP28 climate talks in Dubai ended with a nod that lower-carbon fuels like natural gas will play a role in the shift to cleaner energy sources. The summit’s final text recognized that such fuels “can play a role in facilitating the energy transition while ensuring energy security.” Producers have long argued that gas should …
COP28 Deal Signals Role for Gas in Clean Energy Transition Read More »
Summary Oil prices stable after Tuesday’s drop OPEC maintains cautious optimism for 2024 in latest report U.S. Federal Reserve interest rate decision due Israel to continue war in Gaza despite UN ceasefire resolution LONDON, Dec 13 (Reuters) – Oil prices edged up on Wednesday, but remained near the six-month lows reached in the previous session …
By Selin Oğuz | Graphics/Design: Sam Parker Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Visualized: Global CO2 Emissions Through Time (1950-2022) This was originally posted on the Decarbonization Channel. Subscribe to the free mailing list to be the first to see graphics related to decarbonization with a focus on the U.S. energy sector. Global CO2 emissions have …
Visualized: Global CO2 Emissions Through Time (1950–2022) – Visual Capitalist Read More »
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Today is the final day of the COP28 summit in Dubai, and the overused term of the week is “phase”. Not the type of phase that results in died hair, skinny jeans, and My Chemical Romance posters, but whether a “phase-out” or “phase-down” of fossil …
Tracking COP28’s Most Contentious Agreement – ENERGYminute Read More »
(Bloomberg) OPEC+ will need to carefully control oil supplies for another five years to avoid a “meltdown” in crude prices, according to Rapidan Energy Group. While global oil demand won’t peak for at least another decade, supplies from outside OPEC — particularly the US — are growing much faster than previously estimated, the Washington-based consultant said …
OPEC+ Faces 5-Year Fight to Avoid Price Meltdown, Rapidan Says Read More »
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday. Those include the blockbuster deals such as Exxon Mobil’s $60-billion proposed deal for Pioneer Natural Resources …
M&A Deals in Permian Basin Exceeds $100 Billion in 2023 Read More »
NEW YORK, Dec 11 (Reuters) – The Biden administration expects the Treasury to release guidance by the end of this week on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies, multiple sources familiar with the administration’s thinking told Reuters. For months the administration has been divided …
Biden administration to release aviation fuel subsidy guidance by end of week Read More »
