for Nick Cunningham | @nickcunningham1 - The Fuse
Some of the largest automakers unveiled a slew of new commitments and spending plans to scale up their electric vehicle lineups at the start of the year.
The U.S. recently jumped into the top spot as the world’s largest exporter of liquefied natural gas, overtaking Qatar and Australia.
The emergence of the Omicron variant in late November ended the year-long oil price rally, but analysts are still trying to gauge the full impact.
The oil and gas industry has tried to pin extreme market volatility on the clean energy transition and higher prices on government policies restricting fossil fuel production
A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide.
The U.S. government announced that it would release oil from the strategic petroleum reserve in coordination with a handful of other countries in an effort to tame oil prices.
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.
Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe.
The global spike in commodity prices has resulted in expensive gasoline, which is always a political headache for whichever political party is in power.
OPEC+ will meet in the coming days to decide on next steps in regards to unwinding extraordinary production cuts. Meanwhile, in Glasgow, global leaders are trying to ratchet up the climate ambition.
Ahead of COP26, one of the world’s largest oil producers committed to reaching net-zero emissions by 2060.
The stakes are high as President Biden nears COP26 with an ambitious U.S. climate change program hanging in the balance.
A new report has found that any new natural gas plant proposed today will be unable to recover its initial investment.
With COP26 rapidly approaching, there is growing momentum to speed up the energy transition.
Stark mismatches in demand and supply have hit China's power sector as the international community urges a swift shift from fossil fuels.
Slashing methane emissions from the oil and gas industry is one best and most urgent areas of climate action, according to a new report from the International Energy Agency.
Modest OPEC+ production increases push oil prices toward their highest in seven years - and can climb further as investors stay away from the industry.
After the energy crunch caused natural gas, coal and metals prices to spike, analysts believe oil will be next.
Ford announces the largest investment in its 118-year history with a decisive jump into electric vehicles.
While still building coal power plants at home, China has announced that it will no longer fund the construction of coal plants abroad.
The vast $3.5 trillion reconciliation bill, sprawling legislation aimed at improving the quality of life for Americans is also a big-time energy and climate bill.
Climate change has emerged as a front-and-center issue in multiple elections across the world.
As the world stays on track with climate targets, oil and gas companies must begin to consider the fate of new and upcoming projects.
A perfect storm of supply and demand issues have sent LNG prices soaring.
A series of successive climate disasters has exposed U.S. infrastructure as entirely unfit for the 21st century as storms, drought, wildfire and floods grow increasingly destructive.
More than 1 million people were left without power, and key U.S. oil and gas infrastructure was shut down, as Hurricane Ida tore through Louisiana.
As peak demand becomes more obvious and decline sets in, the major producers of OPEC+ could see their incentives shift and potentially set off a scramble for market share.
As the climate crisis continues, attention has turned to how central banks can intervene.
Multiple feedback loops are emerging that a new report anticipates will push fossil fuels out of the global energy system.
In its damning climate report, the Intergovernmental Panel on Climate Change singled out methane as a particularly damaging source of global climate pollution.
The White House wants to slash greenhouse gas emissions in half by 2030. But asking the OPEC+ cartel to pump more oil seems to undercut those aspirations.
The bombshell IPCC report urges swift, far-reaching changes to the world's energy supply as a matter of urgency.
A U.S.-German agreement on the Nord Stream 2 pipeline has seemingly put to bed a geopolitical saga that has dragged for more than half a decade.
Oil prices have sunk as concerns grow about the Delta variant.
Caught between fossil fuels and electrification, automakers find themselves at a crossroads. Public policy can guide them the right way.
Japan plans to halve its LNG consumption – disrupting the plans of LNG exporters worldwide.
While U.S. shale has recovered from a brutal 2020, it remains to be seen how long it will stick to its "capital discipline" mantra.
This week EU unveiled arguably the most ambitious suite of climate policies globally. But several questions must be answered before these proposals can become law.
Natural gas consumption is expected to bounce back after a tough 2020 – at a time when governments are looking to reduce their reliance on fossil fuels.
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.
The Canadian government announced a landmark new regulation that would ban gasoline and diesel vehicle sales by 2035, adding its name to the list of governments phasing out the internal combustion engine.
The heatwave in the Pacific Northwest stretched power grids, squeezed energy supplies, melted infrastructure—and illustrated how far behind the U.S. is in preparing for the effects of the climate crisis.
EV adoption is growing, but the window for achieving net-zero emissions in the road transport sector by 2050 is closing quickly.
Clean energy spending must rise from $150 billion in 2020 to $1 trillion annually by 2030 for emerging economies to reach net-zero emissions by mid-century.
Rich countries are using public financing to expand the construction of natural gas infrastructure in poorer countries around the world.
ANWR leases have been suspended by the Biden administration, but new production will move forward in the NPR-A.
As Brent crosses $70, oil market narratives have flipped to questions over supply rather than demand.
The world's major economies will need to yank the handbrake on emissions if they are to meet their climate goals, a new report warns.
In a stunning blow to a company not used to losing, activist investors have claimed two seats on the board of ExxonMobil.
Ford unveiled the electric version of its bestselling F-150 - the biggest statement of EV intent yet among U.S. automakers.
In a bombshell report, the International Energy Agency states that the world must stop new fossil fuel projects immediately to hit net-zero emissions by 2050.
The International Energy Agency believes the explosive growth in renewables, with installations soaring in 2020, is here to stay.
Electrification and the wider energy transition has spurred an upsurge in commodity prices.
The IEA warns that the current supply of critical minerals will not be enough to meet the energy transition demand.
Although relatively modest in scope, California Governor Gavin Newsom's plan to phase out oil production in the state is groundbreaking in political significance.
As battery and EV costs decline, governments at the state and national level are eyeing a phase out of the internal combustion engine.
The administration declined to make a decision on the Dakota Access pipeline in an appearance in federal court on April 9, but the court could instead take action.
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.
U.S. oil production remains far below pre-pandemic levels, but methane emissions from the Permian basin are back at pre-Covid highs.
Recent SEC opposition to oil and gas company sahreholder requests could be the start of a new era of climate regulation by federal financial regulators.
The gap between renewable and fossil fuel investments is closing, as the post-Paris Agreement performance of those fossil fuel investments falters.
Oil-producing countries face severe financial and political risk as the world transitions away from oil.
After passing the $1.9 trillion Covid-19 rescue package, the Biden administration appears ready to go big again with its infrastructure legislation.
The accelerating EV transition and fuel efficiency improvements mean gasoline consumption may never return to pre-pandemic levels.
The Biden administration does not appear willing to kill Nord Stream 2, prioritizing other transatlantic objectives.
The Biden administration's endorsement of the Vineyard Wind project might jump start the American wind energy sector.
As oil prices rise, the shale industry assures investors it has learned its lessons.
The clean energy transition need not come at the expense of oil and gas workers.
Financial markets have already started to factor in the prospect of peak oil demand.
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.
Millions of Texans are surely thankful that the immediate electricity crisis appears to be over. But the aftermath from the disaster will be felt for much longer.
Over the next two decades, India will account for 25 percent of the world’s total demand growth, by far the most of any country.
The brutal cold snap in Texas overwhelmed the state's ill-prepared electricity grid, severely impacting energy production.
Petrostates remain ill-prepared for the global energy transition, and could see a budgetary gap of $9 trillion over the next two decades.
Iranian and Venezuelan hopes of a swift loosening of sanctions under the Biden administration are fading fast.
A cold snap has pushed up natural gas prices, but analysts thing slightly higher prices are here to stay.
As oil prices creep up, drillers' instincts for aggressive growth will clash with investor calls for restraint.
The oil industry is now supporting U.S. federal methane regulations amid rising pressure from environmental groups, but also from investors and shareholders.
The results of the Georgia senate election upend the outlook for President-elect Biden, opening up a long list of opportunities on energy and climate-related issues.
LNG prices in northeast Asia are up more than 80 percent in just two weeks, capping off a wild bust-to-boom swing in a little over six months.
As continued OPEC curbs alongside a further hefty Saudi cut nudge WTI back above $50 per barrel, U.S. shale drillers have pulled back from the abyss.
Despite the latest sanctions on Nord Stream 2, Russia has vowed to complete the project.
The end-of-year omnibus bill contains the first major energy legislation in more than a decade.
The EU's latest climate goals will have a profound effect on energy markets.
Despite cuts to drilling and spending, the U.S. natural gas slump continues—particularly in Appalachia.
Amid internal discord and budget pressures, OPEC+ has reportedly agreed to incremental production increases and monthly monitoring.
Underinvestment, fiscal stimulus and a weaker dollar could form the foundation for a commodity super-cycle.
Alaska’s oil industry faces an uncertain future with poor economics, a shrinking pool of capital, and the prospect of tightening environmental policy.
The latest COVID-19 wave could force the group to extend the cuts once again.
Low oil prices and high-profile deals point to a shift toward consolidation in the U.S. oil industry.
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.
The outcome of the election will have significant implications for the energy industry – but some trends are beyond White House control.
China's plans to achieve net-zero carbon emissions by 2060 is the latest high-profile development in the shift away from fossil fuels.
Even after historic cuts, lower demand means the oil market is still under pressure.
BP believes evolving policy, technological advances and COVID-19 mean peak oil demand will be reached in the 2020s—or has already happened.
U.S. state governments dependent on oil and gas revenues face a fiscal crunch as COVID-19 hits production.
The oil market is close to rebalancing, and one big factor has been the steep decline in U.S. shale production.
OPEC+ is ramping up production just as the demand outlook has begun to deteriorate.
Behind the billions of dollars in write-downs is a substantially gloomier assumption about the long-term trajectory of the oil market.
The Dakota Access pipeline shutdown could remove 570,000 barrels per day of takeaway capacity from the Bakken shale formation.
With global demand perhaps permanently scarred from the pandemic, the U.S. oil industry may have already peaked.
Two high-profile pipeline setbacks are part of a broader story in which the winds facing the oil and gas industry are blowing in an increasingly unfavorable direction.
A tighter market could help shale bounce back, but the heady days of aggressive growth-at-all-costs drilling are long gone.
A growing number of analysts argue that the worst is over for oil, but demand remains substantially lower.
While EV sales have taken a hit during the pandemic, analysts believe it will not derail the march toward electrification.
Oil prices have risen ahead of the next OPEC+ meeting, but OPEC-Russian coordination is far from assured.
A growing number of analysts believe that U.S. production will never again hit recent highs.
Coronavirus and collapsing oil prices have hollowed out budgets of oil-producing countries, raising fears of instability.
Oil prices are starting to climb, but supply shut ins mean the pain is not yet over.
The demise of Chesapeake is a fitting bookend to the latest chapter of U.S. shale.
The negative prices are an anomaly, related to the expiring contract in May. But the meltdown also reflects a ruinously oversupplied oil market.
OPEC+ agreed to the largest cuts in history, but oil prices barely moved in response.
A major production cut of 10 million barrels per day would be historic in size - and probably fail to move the needle.
With a barrel of Canadian oil now cheaper than a pint of beer, producers have begun to shut in production.
The crisis affecting the U.S. oil industry has reached the point where some drillers are now requesting the Texas state government step in to regulate production
Amid a price war, a global pandemic and shrinking oil demand, there is little hope for oil to rebound in the short term.
As the coronavirus continues to hit oil demand, pressure has grown on OPEC+ to respond.
With oil prices plummeting amid China's coronavirus outbreak, OPEC+ plans drastic action to head off an oil market meltdown
Amid weaker demand and chronic oversupply, U.S. shale is facing fundamental questions about its longevity.
This latest outage represents a dangerous new phase for Libya, even as global markets have largely shrugged off the disruption.
While the gas reserves in the Eastern Mediterranean have helped cooperation between Israel and Egypt, they have led to more conflict with Turkey and its neighbors.
The supply risk is far from over despite de-escalating Iran-U.S. tensions, but the price retreat reflects a world still awash in oil.
2020 is predicted to be a breakout year for electric vehicles globally—but a contracting auto market and uncertain policy support show obstacles remain.
American officials concede its latest sanction efforts may not be enough to halt completion of the Nord Stream 2 gas pipeline.
If U.S. shale does not live up to market expectations, the oil market could tighten up by more than anticipated.
Talk of a global oil glut in 2020 is predicated on supply growth in U.S. shale—but predictions of shale's increases vary wildly.
The Power of Siberia pipeline connects Russian gas to Chinese consumers—redrawing the energy map in the process.
Even in the medium-term, the interest in offshore drilling is looking shaky.
OPEC+ might have to extend its cuts when the group meets next month, but the pain in the U.S. shale industry may make its long-term task easier.
Chesapeake Energy's financial woes suggest the shale revolution is running on fumes.
After multiple delays, Saudi Aramco is moving forward with its IPO - but questions surround the listing amid persistent low oil prices, Saudi political issues, and fallout from the Abqaiq attack.
Canadian Prime Minister Justin Trudeau's election victory could create more challenges for an energy industry already struggling with low prices and pipeline bottlenecks.
Amid record production and swelling stockpiles, natural gas prices have sunk this year.
Global supply outages stand at exceptionally high levels—even as Brent struggles to stay above $60 per barrel.
After the Abqaiq attacks, some analysts believe the market is overlooking rising geopolitical risk.
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.
OPEC has few choices at its disposal to manage the swelling oil market surplus, most of which are unpalatable.
With global oil supply outpacing demand, oil traders are shrugging off rising tensions around the Strait of Hormuz.
As the Trump administration weighs its geopolitical priorities, the future of Venezuela's oil sector hangs in the balance.
While the result from Vienna is ostensibly a success, there are obvious cracks in OPEC’s cohesion, as well as in its strategy to tighten up the market.
Against the backdrop of rising tension in the Persian Gulf, OPEC+ will meet to decide next steps
The members of the OPEC+ coalition have different economic incentives. Most member countries are producing as much as they can and have little scope for higher output, so they are on board with an extension of production cuts.
A series of apparent attacks on oil infrastructure in the Arabian Peninsula thrusted geopolitical risk to the forefront of market concerns. Against a backdrop of an already tightening supply-demand balance, the possibility of a serious supply outage poses a major risk to market stability.
Between Iran, Libya and Venezuela, the seeds of a major disruption to the oil market have already been sown. A significant outage in one could push the market into deficit.
The U.S. State Department announced on April 22 that it would let all Iran sanctions waivers expire at the beginning of May as part of the Trump administration’s “maximum pressure” campaign on Iran.
With the expiration of the waivers now just a little more than two weeks away, the oil market is on edge as the White House weighs its next steps.
The attack on Libya’s capital by a militia called the Libyan National Army threatens to cut off, or at least disrupt, the nation’s oil supply.
Already struggling with a lack of pipeline capacity, Canada’s oil industry hit yet another setback with the recent announcement from Enbridge of delays to its Line 3 replacement project.
The U.S. government's goal to knock Iran oil exports down to zero may be boxed in by its own policy towards Venezuela.
While there is a long list of potential factors that could surprise the market in 2019, OPEC+ supply curbs create a tightening baseline that should lead to higher oil prices as the year wears on.
The Eastern Mediterranean has already become a significant source of natural gas production, but fully developing the region’s gas reserves, as well as finding ways to move that gas to market, has been extremely challenging.
Despite a range of uncertainties looming over the oil market this year, there is a growing sense that OPEC+ might be able to succeed in balancing the market after all.