International
International , Emissions , Energy Transition
G7 Nations Agree to Boost Climate Finance
Spending is overdue to match pledges made in 2009.
Crude Oil , International , Infrastructure , Emissions , Energy Transition
Expert: Energy-hungry Emerging Economies Need and Want Oil
The higher energy density of fossil fuels appeals to developing countries pursuing affordable fuel sources.
Crude Oil , Trade , International
OPEC+ Will Need to Boost Output to Meet Oil Demand Recovery
Meeting the restored oil demand is “unlikely to be a problem,” the IEA said, forecasting that OPEC+ will still have 6.9 million bbl/d of effective spare capacity after July.
Trade , International
US Drops Sanctions on Former Iranian Officials
The oil market briefly plunged after being spooked by media reports suggesting sanctions were lifted on Iranian oil officials, showing the potential impact of additional Iranian barrels if a deal is struck and sanctions lifted.
Crude Oil , Trade , International
OPEC Sticks to Forecast of Oil Demand Surge
In a monthly report on June 10, OPEC said oil demand would rise by 6.6% or 5.95 million bbl/d this year.
Crude Oil , Trade , International
OPEC Chief Mohammad Barkindo Provides Upbeat Oil Outlook
While OPEC’s Barkindo noted that vaccine rollouts and the “massive fiscal stimulus” aided an upbeat outlook, uneven global vaccine availability, high inflation and continued COVID-19 outbreaks remain continued risks to oil demand.
Crude Oil , Trade , International
China’s Daily Crude Oil Imports Hit Year’s Low in May
The Chinese government has been ramping up scrutiny of the oil industry by imposing taxes on key blending fuels and investigating crude imports at state energy giants and independent refiners.
Crude Oil , Trade , International
Oil Prices Hit New Multiyear Highs
Oil prices have risen for the past two weeks, and Brent is up by over 37% this year, helped by supply curbs by OPEC and allies and demand recovering in part from the pandemic-induced collapse.
Liquefied Natural Gas (LNG) , Natural Gas , Trade , Methane , International
US Gas Export Projects Pursue Emissions Cuts to Assuage Foreign Buyers
America’s LNG exporters are unveiling efforts to slash carbon emissions from new facilities as they look to keep new multibillion-dollar projects on track amid mounting climate pressures.
Crude Oil , Trade , International
Oil Prices Rally as OPEC+ Producers Agree Slow Supply Increase
Cartel and its allies stick to plan to gradually lift production as demand improves.