Category: World

July 16, 2019

A $20 billion investment aims to supply electricity to Singapore from what will be, for the time being, the world’s largest solar farm: Sun Cable. Located in Australia and linked by a 3,800-kilometer submarine cable, its magnificent 15,000 hectares of […]

June 28, 2019

This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. In the first article of […]

June 17, 2019

Though a plan to decarbonize the European Union looked to be in trouble last week, developments in recent days combined with political paralysis in choosing the EU’s top jobs means EU governments may take a surprise decision to endorse a […]

June 13, 2019

Oil output from OPEC fell in May, hitting a five-year low as the group warned that U.S.-China trade tensions could lead to slower economic growth and weak fuel demand. Production from the 14-nation producer club fell by 236,000 barrels per […]

June 11, 2019

The production and consumption of energy – from wind and solar to fossil fuels and renewables – plays an enormous role in our economic and political systems and therefore elicits strong public reactions. In a new paper in Nature Energy, […]

June 7, 2019

It was only a month ago that I began advising investors to ease up on certain energy stocks, following 20%-30% gains since the beginning of the year. But a brutal May and a weak start to June have sent oil […]

May 15, 2019

A trio of publications in the past 10 days paints a grim picture of the state of the world’s ecosystems and the species they support, including the significant toll on rivers from the world’s drive to generate electricity. At the […]

April 12, 2019

Saudi Arabia will become a regional heavyweight in windpower by the early 2020’s, according to new research. A report by analysts at Wood Mackenzie Power & Renewables states that developers will build 6.2 GW of wind capacity between now and […]

March 26, 2019

Global energy demand is now increasing at its fastest pace in over a decade, with fossil fuels meeting 70% of that growth in electricity consumption. As fossil fuel emissions continue to exacerbate the effects of climate change, carbon-free solutions like […]

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 […]