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WoodMac expects relocation of some 650,000 barrels per day of Russian oil
- Reshuffling is attractive at current Urals discounts but refiners face challenges with contractual obligations with Middle Eastern producers, agency warns
OPEC ends reliance on International Energy Agency data
- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
Russia-Ukraine crisis to have long-lasting impacts on commodities, energy policies
- OPEC+ will more likely consider production rise in case of actual oil supply cut-off, says consultancy Wood Mackenzie
Energy transition may shave 2% off global GDP by 2050: WoodMac
- Countries with higher carbon dependent economies will face more severe economic consequences of energy transition, report says
Experts launch 1st independent hydrogen coalition to guide decision-makers
- Coalition recommends government support for zero emissions hydrogen or green hydrogen only
US move to sell emergency oil from reserves may trigger new type of price war
- With view to reduce rising fuel prices, US vows to tap emergency oil reserves, a move supported by China, India, Japan, South Korea and UK
Fossil fuel-dependent M. Eastern economies in search of clean transition roadmap
- Fundamental changes to economic model of resource-rich countries look unavoidable, IEA chief says, urging for clean energy transition
Turkey to accelerate efforts towards green revolution: Environment minister
- Murat Kurum reiterates Turkey's 2053 net-zero emission target
1,485 institutions globally divest from $39.2 trillion worth of fossil fuels
- Divest-invest movement amasses power to shift politics and finance on climate crisis, a new report says
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Governments' fossil fuel plans 'dangerously' inconsistent with 1.5°C goal
- Countries plan 110% more fossil fuel production in 2030 than would be consistent with limiting warming to 1.5°C, UN report finds
Weather dynamics key for gas demand: WoodMac
- High gas prices put pressure on demand, encourage use of coal in power, and curtail some energy-intensive industrial demand, says expert
China's carbon-neutral aim will rely heavily on wind generation: WoodMac
- China will have more than two-thirds of world's grid-connected capacity by 2030, agency reveals from research
Majority of fossil fuels need to stay in ground to limit global warming
- Global oil and gas production needs to decline by 3% annually until 2050 for reaching target to limit global warming
Corp. renewable purchase deals play bigger role in Asia Pacific decarbonization
- India, Australia, and Taiwan top the Asia Pacific corporate renewable procurement market, Wood Mackenzie says
Wind turbine prices to rise 10% over next 18 months: WoodMac
- Possible supply restrictions in wind turbine sector may jeopardize country-level decarbonization objectives in next 2 years
US energy storage market sets 1st quarter record for deployments
- Nearly 12,000 MWh of new storage will be added in 2021, a three-fold increase from 2020, says Wood Mackenzie
Need for transition in fossil fuel-dependent economies deepens amid climate targets
- Structural reforms and new revenue sources needed despite they being unlikely to compensate fully for oil, gas income drop
Cities with 1 bln. population deviate from fossil fuels
- Around 800 cities commit to net-zero in 2020 up from 100 in 2019, Renewables in Cities Global Status Report 2021 says
18.03.2021
Renewable
Oil prices to rise to $75 per barrel in April: WoodMac
- Saudi Arabia's adamant stance not to raise production before seeing actual recovery helps prices, says consultancy
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EU needs to change course to cut emissions 55% by 2030
- Dramatic acceleration of energy transition in key areas is required for EU to hit climate goals, a new report says
Global oil demand to grow by 7% in 2021: WoodMac
- Vaccine distribution and expected growth in global GDP will boost demand in 2021
Turkish scientist warns of pace of global warming
- Temperatures could be up to 6C hotter by turn of century, says Doganay Tolunay
Clean energy shares outperform fossil fuel stocks
- Clean energy companies become new energy giants, as stocks reach their highest levels since 2008 financial crisis
G20 backtracks on fossil fuel funding phase-out
- G20 governments' fossil fuels support is likely to trend upwards via COVID-19 recovery programs this year, new study finds
US officially exits Paris climate accord
- UN rules require withdrawal to take effect 4 years after deal came into effect, coincidentally a day after US elections
05.11.2020
Americas
New gas find "transformational" for Turkey: WoodMac
- This is Turkey’s biggest-ever find by a wide margin and one of largest global discoveries of 2020, WoodMac analyst says
Non-fossils account for 20% of US energy use in 2019
- US total renewable energy consumption surpassed coal consumption last year for first time in 130 years
Gas market hit by coronavirus, oil price fall, LNG glut
- WoodMac says global demand for LNG is forecast to rise to 371 million tons (Mt) in 2020 by 6 per cent year-on-year