Summary Hamas hostage release, truce reduces geopolitical risk premium Oil notches weekly gain for first time in five weeks Trading subdued after Thursday’s U.S. Thanksgiving holiday Nov 24 (Reuters) – Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium, but prices notched their first week of gains …
Oil Settles Lower but Notches Weekly Gain Ahead of OPEC+ Decision Read More »
(Bloomberg) World leaders are due to gather for annual climate change talks in Dubai in December. On the agenda: the phase down — or even phase out — of fossil fuels, a global goal to help the world adapt to extreme weather events, trading carbon emissions and a new fund to pay for the loss and damage wreaked by global warming. When is COP28? It starts on Thursday …
COP 28 EXAMINED: What Is COP28 and Why Is It Important? Read More »
(Reuters) – The White House is stalling action on requests by Farm Belt states to allow regional sales of gasoline blended with higher volumes of ethanol after oil industry warnings that the move could cause regional supply disruptions and price spikes, according to two sources familiar with the matter. The decision underscores concerns within President …
White House Stalls Ethanol Expansion in Midwest Amid Price Concerns Read More »
388 new mines must be built by 2030 to satisfy electric vehicle mandates The governments of Canada, the United States, and many other nations are mandating a shift in vehicle technology: away from vehicles powered primarily by internal combustion engines, and toward vehicles powered primarily with electricity stored on board in batteries. Canada’s government has …
Can Metal Mining Match the Speed of the Planned Electric Vehicle Transition? Read More »
(Reuters) – World governments agreed at the COP26 climate summit in Glasgow two years ago to phase out “inefficient” fossil fuel subsidies to help fight global warming. Since then, however, global fossil fuel subsidies have risen $2 trillion to $7 trillion, according to the International Monetary Fund, as governments around the world moved to protect …
Explainer: Global Fossil Fuel Subsidies on the Rise Despite Calls for Phase-Out Read More »
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Wednesday. For the month, the total rig count, an early indicator of future output, fell by three, putting it down for the sixth time in …
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row – Baker Hughes Read More »
Summary Prices continue to fall after previous session’s plunge Meeting delay stokes expectations OPEC+ might not deepen cuts Delay likely to be linked to dissenting African members -sources Nov 23 (Reuters) – Oil prices dipped about 1% on Thursday, extending losses after postponement of an OPEC+ meeting stoked expectations that the group might not deepen …
Oil Slips 1% on Growing Angst Over Delayed OPEC+ Meeting Read More »
Courtesy of GIPHY Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Almost every day now, a new energy transition project or a plan to rapidly grow an electricity grid is announced. Between net-zero electrification goals and landmark policy support like the Inflation Reduction Act, there’s an incredible momentum behind the electricity sector. But …
Utilities When They Can’t Buy Transformers – ENERGYminute Read More »
Morgan Stanley sees prices of each barrel of Brent crude supported at a level in the mid-$80s, as it expects producer group OPEC to continue to restrain production and stabilise oil inventories broadly at present levels. Oil prices kept in a narrow range on Wednesday, with the market awaiting news on output cuts from the …
Morgan Stanley Expects OPEC to Rein in Output, Balance Market Read More »
Summary Markets cautious ahead of Nov. 26 OPEC+ meeting Eyes on whether OPEC+ cuts rolled over or deepened U.S. government data on stockpiles due Wednesday LONDON, Nov 22 (Reuters) – Oil prices slipped on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and …
Oil Prices Dip in Pre-U.S. Thanksgiving Trade Ahead of OPEC+ Cuts Read More »
