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Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
More Northeast Natural Gas Pipeline Capacity Brings Questions
Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is really not just an issue for the U.S.…
World Bank Ups Its 2017 Oil Price Forecast To $55
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its earlier forecast, which is a reflection that at…
OPEC Ministers, Secretary General Hold Oil Talks in Istanbul
OPEC Conference President HE Dr. Mohammed Bin Saleh Al-Sada and the Organization’s Secretary General HE Mohammad Sanusi Barkindo held a series of informal meetings with OPEC and non-OPEC oil and energy ministers on the sidelines of the 23rd World Energy…
OPEC Secretary General to attend annual meetings of the IMF and the World Bank Group
OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) that take…
Canada Will Tax Carbon Emissions to Meet Paris Climate Agreement Targets
Prime minister Justin Trudeau made the announcement in parliament as debate started over whether Canada should ratify the Paris accord on climate change. The Canadian prime minister, Justin Trudeau, said on Monday that Canada will impose a tax on carbon…
The World Passes 400ppm Carbon Dioxide Threshold. Permanently
We are now living in a 400ppm world with levels unlikely to drop below the symbolic milestone in our lifetimes, say scientists. Climate Central reports. In the centuries to come, history books will likely look back on September 2016 as…