OPEC+’s de facto leader Saudi Arabia has said that the cuts could continue past the first quarter if needed
A bearish International Energy Agency report last week revised the 2024 oil demand growth forecast downward as the world shifts to cleaner energy
The level of spare capacity – or the perception of how much is available – can influence world oil prices.
The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations
The EU and US have said they will put money in the climate damage fund at COP28
We need to double the rate of energy efficiency progress and triple total renewable power capacity to impact climate change
The report found that in the past year, only modest progress has been made in strengthening international collaboration in the areas where it is most needed
Oil has rallied since late June following pledges by OPEC+ countries Saudi Arabia and Russia to cut supply
The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade
World Meteorological Organization warns of average near-surface global temperature breaching the threshold between 2023 and 2027
OPEC cut forecasts for the amount of crude it will need to pump in the third quarter by 1.24 million barrels a day to 28.27 million a day
West Texas Intermediate declined toward $91 a barrel in early Asian trading
Crude has climbed more than 50 per cent this year
The US Federal Reserve raised interest rates by a quarter percentage point
Delta has raised concerns about the short-term demand outlook
While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile
As much as 60 billion tons of emissions, about twice what the world spewed out in 2019, could be prevented if money is spent in these new markets
Crude demand of about 100 million barrels a day prior to the pandemic plummeted by about 30 per cent last month