Category: Global

March 15, 2019

The world’s appetite for oil and gasoline is growing faster than many forecasters expected, putting Brent crude on pace to top $70 a barrel, Goldman Sachs says. The investment bank says oil demand grew by 1.55 million barrels per day […]

January 3, 2019

Surging fuel production will leave refiners well placed in 2019 to meet both domestic and external demand Major trends in new US refining capacity are adhering to Tier 3 (clean fuel) regulations, processing the wave of lighter crudes produced by […]

December 28, 2018

Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150 000 bpd in 2018. This is part of the reason why the global oil market is […]

December 10, 2018

In the UK and across Europe, we take electricity for granted. At the flick of a switch, push of a button or increasingly when sensors communicate we have light, heating, communication. We rarely even think about, let alone appreciate the […]

November 14, 2018

According to the International Energy Agency, “2018 is the year of electricity” and global electricity supply “is being transformed by the rise of renewables”. “Electricity has been the fastest growing element of final demand and is set to grow much […]

September 18, 2018

There will come a time in the future when oil demand stops growing, but recent forecasts putting that date in 2023, five years from today, should be viewed with skepticism. Long-term forecasts about oil market behavior are notoriously wrong and […]

July 19, 2018

Last month the 2018 BP Statistical Review of World Energy revealed that global oil production has now grown for eight straight years. Oil consumption rose to a new high as well, and has increased in 31 of the past 34 […]

July 11, 2018

While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand. Kimmeridge Energy has […]

June 22, 2018

Renewable energy is set to go from strength to strength in coming years and it will be generating 50% of global electricity by 2050, according to one of the most authoritative voices in clean energy. However, President Trump’s battle to […]

June 20, 2018

Bloomberg New Energy Finance is now out with its yearly outlook — one that puts green energy in the driver seat and coal deep in the ground. But cutting edge technologies could easily alter those predictions. The research firm is […]

May 15, 2018

The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next three decades, according to new analysis by the International Energy Agency that stresses […]

May 11, 2018

Most power generation consumes water, whether to cool steam in thermoelectric plants or power turbines for hydropower. And the global demand for both water and electricity will continue to increase substantially in the coming decades. Although growth is generally a […]

April 17, 2018

Ambitious energy efficiency policies can keep global energy demand and energy-related carbon-dioxide (CO₂) emissions steady until 2050, according to a new report by the International Energy Agency. Perspectives for the Energy Transition: The Role of Energy Efficiency shows that despite […]

March 19, 2018

The global solar market installed an impressive 98.9 gigawatts of new capacity in 2017 according to SolarPower Europe, increasing by 29.3%, in comparison to the 76.5 gigawatts (GW) and 49% recorded in 2016. SolarPower Europe presented its latest solar market […]

March 13, 2018

The animated show South Park ran an episode in which Professor Chaos becomes frustrated trying to come up with an idea for mischief that hasn’t already been done by The Simpsons. “Simpons did it,” is the response to his every […]

March 6, 2018

The world’s growing appetite for oil will leave plenty of room for both Saudi Arabia and the United States to ratchet up production, Saudi Aramco CEO Amin Nasser said in a CNBC interview. The two countries are seen jockeying for […]

February 15, 2018

Despite the Trump administration’s recent decision to levy a 30 percent tariff on solar, we see tremendous opportunity ahead for the industry. In the next year, the solar industry will develop, construct, and finance $25 billion to $30 billion in […]

January 25, 2018

As winter temperatures plummet in the Northern hemisphere, renewable heat is increasingly being used to provide heat for warmth and comfort. Yet it has a long way to go to catch up with fossil fuels, which currently provide more than […]

December 13, 2017

Meeting global carbon reduction goals will not be easy, but the good news is that this heavy lift is getting a little lighter each day. In some places, renewable energy technologies are now delivering the cheapest electrons on the planet. […]

November 27, 2017

The recent discussions on renewable energy are mostly focused on the rapid growth of wind and solar deployment and their impressive drop in cost. While these developments are remarkable, they also overshadow what remains the most important source of renewable […]