(Oil Price)– Despite years of climate summits and net-zero targets, global coal consumption and production both hit record highs in 2024. According to the newly released 2025 Statistical Review of World Energy, global coal demand reached an all-time high of 165.1 exajoules (EJ), a powerful reminder of how deeply the world still relies on this carbon-intensive fuel. The Asia-Pacific Powerhouse
(Oil Price)– Power generation from clean energy rose globally in the first half of the year, led by the renewables champion China, while power output from fossil fuels remained flat from a year earlier, due to rising gas and coal use in Europe and surging coal generation in the United States. China’s clean energy generation jumped by 14% to a
(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to
(Oil & Gas 360) – Donald Trump made a trip to the Middle East, and clearly, he is reorganizing the world. He strengthened US relations with Saudi Arabia and made commercial agreements with Qatar and the United Arab Emirates. Agreements with Saudi Arabia involved large arms purchases and financial commitments by the US and Saudi Arabia with each other, and
(BOE Report) – U.S. liquefied natural gas supplies to Europe will continue to rise, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital Warsaw. The United States is the world’s largest exporter of LNG and has played a major role in supplying Europe since Russia’s full-scale invasion of Ukraine in 2022 significantly reduced
(BOE Report) – The Kremlin said on Thursday that Russia is not holding talks with Europe or the United States about Russian gas supplies via Ukraine. Russian gas supplies to Europe have collapsed since the start of the military conflict in Ukraine in February 2022 and blasts at the subsea Nord Stream pipelines. Gas exports to Europe from Russia via
(Oil & Gas 360) – After World War II, the US established a new “rules-based liberal international order” dominated by new “liberal democracies”. That system with its democracies is crumbling – right on schedule. As I have written previously, democracies vote for their own destruction; they typically last less than a century. The post-WWII democracies are now 75 to 80
(Oil Price) – The United States will not lift any sanctions on Russia unless Moscow noticeably changes its behavior, U.S. Secretary of State Marco Rubio told European leaders in a call after the U.S.-Russia meeting in Riyadh. European leaders are concerned that they are being left out of talks and of the apparent major pivot in U.S. foreign policy after the
(Oil Price) – Europe has been driving global LNG trade since the start of the year, buying every cargo it can to secure energy supply during the coldest months of the year. Once spring comes, however, it will need to begin to refill its fast-emptying storage to prepare for next winter—and its fondness for overregulation may turn suicidal. Global LNG imports
(Oil Price) – Amid cold winter weather and fast-depleting inventories, Europe’s natural gas prices jumped on Monday to a two-year high to levels of over $100 per barrel oil equivalent, which now makes burning oil for industrial use more cost-effective. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, surged by 4% in Amsterdam on Monday, to the highest level since February
(Investing) – LITTLETON, Colorado – Many of northern Europe’s largest economies have sharply boosted gas-fired power generation so far in 2025, helping to lift regional gas prices to their highest since early 2023. Gas-fired output during January in Germany, the United Kingdom (TADAWUL:4280), the Netherlands and Poland all jumped by well over 10% from January 2024’s levels to their highest for that month
(Oil Price) – Poor returns prompted investors to withdraw record amount of money from the EU’s funds with the strictest ESG standards, a report by market research firm Morningstar has shown. The EU’s Sustainable Finance Disclosure Regulation (SFDR), adopted in 2021, regulates and classifies funds according to their sustainability. The so-called Article 8 funds are registered as “promoting” ESG goals,
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