The worldwide shortage of diesel and other distillate fuel oils has started to ease as stocks accumulate in response to exceptionally high refining margins and the slowdown in manufacturing and construction activity: EU inventories of diesel oil and gas oil increased to 49.5 million tonnes at the end of August 2023 from 44.9 million a …
Global Diesel Shortage Eases after Summer Surge in Prices Read More »
(Bloomberg) White House National Climate Advisor Ali Zaidi said the US will still need oil and gas to meet near-term energy demand, even as nearly 200 nations signed on to a pact at COP28 to transition away from fossil fuels. To satisfy demand in the short term, the US needs to “accept the reality of the stock …
U.S. Still Needs Fossil Fuels, White House Climate Adviser Says Read More »
U.S. natural gas futures crept higher on Thursday, while the market focus shifted to the weekly storage report due later in the day Analysts forecast U.S. utilities pulled 54 billion cubic feet (bcf) of gas out of storage during the week ended Dec. 8. This compares to 46 bcf during the same week a year …
U.S. Natgas Prices Tick up With Spotlight on Weekly Storage Report Read More »
Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models Ford will cut planned production of its electric F-150 Lightning pickup truck in half for 2024, from an average of 3,200 vehicles per week to …
Ford Halves 2024 Electric F-150 Production Plans on Slowing Demand Read More »
(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 »
