The International Energy Agency (IEA). Oil Market Report July 2019.
The International Energy Agency (IEA). Oil Market Report: Re-balancing slows down. Oil Market Report: 12 July 2019. Highlights Global demand growth is set to accelerate from an exceptionally weak 310 kb/d in 1Q19 and 800 kb/d in 2Q19 to reach 1.8 mb/d in the second half of the year as economic activity improves and petrochemical plants […]
Decarbonisation… a worrisome prospect for many
By Mazhar Al-Shereidah Looking at the above graphic leads to some striking observations: 1. Coal, the most contaminating and the very original fuel of the Industrial Revolution and all its catastrophic consequences for the environment, is the less affected fossil fuel of all. 2. Natural gas, which is used to be considered as the most […]
The New Green Deal: the Democrats’ push on climate change
The New Green Deal is a Democratic Party shot at an effective climate change policy for the US. Representative Alexandria Ocasio-Cortez (AOC) and Senator Edward Markey launched a motion for a resolution detailing the support of Congress for a New Green Deal (NGD). That is, it is not a proposed law. Its central objective is […]
Canada oil sands: Discount level reinforces OPEC strategy
Canadian crude production is close to 4.5 million barrels per day (BD), thanks to the success of the development of oil sands. 64% of total production, 2,700,000 BD corresponds to oil processed by the exploitation of these oil sands. Total crude oil production in Canada is 4,200,000 BD, of which 3.3 million BD is exported. […]
Climate change and central banks
On 11/06/18 Benoît Coeuré, member of the Executive Board of the European Central Bank (ECB), spoke about the impact of climate change on monetary policy, reflecting a shift in the perception of monetary authorities that should be taken into account. Initially, he left the polemic aside on whether or not there is climate change – […]
Why did Statoil change its name to Equinor?
Earlier this year the board of directors of what was then Statoil proposed changing the name of the company to Equinor. This was duly carried out. Here are the Board of Director’s reasons behind Statoil’s choice of the new name as outlined in a March press conference: “The name change supports the company’s strategy and […]