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An Energy Crisis Like No Other
Modern history is peppered with energy shocks, shortages, price spikes and panics.
17 October 2021
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Modern history is peppered with energy shocks, shortages, price spikes and panics.
In its latest climate change assessment, the Intergovernmental Panel on Climate Change (IPCC) – the United Nations body for assessing the science related to climate change – concluded that “human influence has warmed the climate at a rate that is unprecedented in at least the last 2000 years.
Today, hardly any energy-related discussion can go without a mention of the energy transition. The focus is on greening the world’s primary energy and electricity mixes…
Hydrogen has become the linchpin of green energy transition strategies in many parts of the world. However, there is still no infrastructure that could accommodate wide-scale hydrogen use, and fossil fuels remain the most common energy source for production…
There is an alternative universe sitting on the northeast shoulder of South America. As the global economy…
The Covid-19 crisis has not diminished the momentum of ambitious climate and energy targets and policies; if anything, this pursuit continues to grow as more governments are determined to “build back better…
Oil prices have come a long way since reaching their lows of April 2020. The rebound has been rapid and impressive; prices are currently similar to those of early 2020, before the outbreak of the Covid-19 pandemic…
Oil consumption, GDP growth, trend of oil intensity – these are not words which sound like the beginning of a good story. And yet, strange things happen sometimes, as you are about to see, and they may happen anywhere: even in energy economics.
In March 2021, a new crude futures contract was launched in Abu Dhabi: Murban futures, traded on the Intercontinental Exchange (ICE)…
Soon after assuming office, United States President Joe Biden signed executive orders and made announcements that led environmentalists to declare that the oil and gas industry would soon be dead and buried…
Today, many believe that COVID-19 has pressed the green accelerator at the expense of conventional fuels which face a heightened risk of an imminent decline…
As we all know, Texas has just suffered the worst weather-related power, and then water, outages on record. The blame game set in instantaneously…
When people think of Saudi Arabia, they often think of oil. After all, it is the world’s largest exporter of the resource, and its economy is heavily dependent on oil revenue…
In the battle to curb global climate change good intentions are everywhere. A major new U.N. Climate Change Conference is coming up (COP 26 in Glasgow this autumn, chaired by the U.K. and Italy), and U.S. President Joe Biden has vowed to bring the United States back into the Paris accord…
Following the blow dealt to the world by the coronavirus in 2020, one cannot help but hope that 2021 will be better…
We are all tired of being told how dreadful the virus-riven 2020 turned out to be, and it certainly ended for Britain fairly uncomfortably, with Christmas virtually abolished, ports jammed, and British air-travellers barred form fifty countries…
Oil markets remain impressively stable despite enormous uncertainty around how the Covid-19 pandemic will develop and how fast the global economy (and therefore oil demand) will recover…
In November, new vaccines showed great promise in fighting Covid-19, and the exhilaration was clear in markets around the world. However, the enthusiasm was not sustained…