OPEC+ technical experts downgraded their expectations for how tight global oil markets will be this quarter, a week before ministers meet to decide production policy. The global oil-supply deficit will be just…
Month: October 2021
As Oil Races Toward $100, Consumers Tell OPEC+ Enough Is Enough
For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one…
Making the most of our energy wealth
Lebanon is presented with the most serious challenges it has faced in the past decade. The economy is struggling, the internal security situation is deteriorating and the country’s neighbors pose real threats….
What green artificial intelligence needs
Long before the real-world effects of climate change became so abundantly obvious, the data painted a bleak picture – in painful detail – of the scale of the problem. For decades, carefully…
Saudi energy minister dismisses calls for extra OPEC+ barrels
MOSCOW, Oct 14 (Reuters) – OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting the oil market from the…
China’s Energy Crisis Is Hitting Everything From iPhones to Milk
NEW DELHI: The hit from China’s energy crunch is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp to Australian sheep farmers and makers of cardboard boxes. Not only…
Clean Energy Has Won the Economic Race
For decades, spectacularly inaccurate forecasts have underestimated the potential of clean energy, buying time for the fossil-fuel industry. But as two new analyses from authoritative institutions show, renewables have already convinced the…
Aramco warns world’s spare oil supplies are falling rapidly
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview…
How China Plans to Become Carbon-Neutral by 2060
China’s industrialization has occurred at a breathtaking pace, lifting hundreds of millions out of poverty and transforming the country into the world’s factory floor. That’s also made it the biggest emitter of…
Rising LNG imports provide scant relief for Europe power crisis
Reuters/London Europe’s imports of liquefied natural gas (LNG) are picking up as winter approaches but there is little relief for the region’s power crunch because competition with Asia for supplies is so…