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Brazil
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…
Solar Power Becoming World’s Cheapest Form of Electricity Production, Analysts Say
Solar power is becoming the cheapest way to generate electricity, according to leading analysts. Data produced by Bloomberg New Energy Finance (BNEF) showed the cost of solar in 58 lower-income countries – including China, Brazil and India – had fallen…
Taxi GPS Data Could Unsnarl Traffic in Developing Regions, World Bank Says
In most cities, some portion of that traffic has typically been made up of taxis and, more recently, cars linked to ride-sharing services like Uber and Lyft. But could these cars help solve the traffic problems they have seemingly created?…
With New Pledges and New Projects, Developing Countries Take Clean Energy Lead Globally
Developing countries have made unprecedented pledges to consume more clean energy tomorrow even as they are leading the way today with record new wind and solar project completions, the latest edition of Climatescope concludes realised yesterday. Climatescope, the clean energy…
Holding the line
The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine…
GE Secures over $900 Million Order for Latin America’s Largest Gas Power Plant
GE announced few days ago that it has secured a more than $900 million turnkey order with Centrais Elétricas de Sergipe S.A. (CELSE) for Brazil’s Porto de Sergipe combined-cycle power plant. With a generating capacity of 1,516 MW, the facility…
1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC Oil Producing Countries
The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna. It was preceded by the first High-Level Committee Meeting, held Friday, 28 October, among OPEC Member…