Trends
Keeping the Putin ship steady
1 March 2008
Will Dmitry Medvedev's ascendancy to the Russian presidency mark a shift in the country's energy policy? Derek Brower reports
More of the same
1 March 2008
Oil prices have this week eased by some $10 a barrel from last week's highs around the $110/b level, but appear to have found solid support at $100/b. And there is a greater chance of a move to the upside than to the downside.
Market awaits Opec decision
1 March 2008
WITH oil markets trading at record-breaking prices, all eyes are on Opec tomorrow as the group meets in Vienna to decide whether to keep its production quotas unchanged – or cut output in support of prices. Market sentiment appeared to accept that the cartel would roll over existing quotas, despite calls from consumers to release more oil onto the market.
GTL: an industry in the making
1 March 2008
GTL suits a world where transport-fuels demand is for high performance products with lower emissions – that is the world of today and tomorrow. By Malcolm Wells, communications manager, Sasol Chevron
A new role for NOCs in a challenging energy sector
1 February 2008
No NOC or IOC, no matter how large or capable, has all the answers to the challenges ahead. Without co-operation, the energy sector will unlikely be able to make the $20 trillion investment in infrastructure necessary to meet rising demand. By Milton Costa Filho, general manager, and Pedro Martínez Lara, technical assistant, Petrobras Mexico
Nigeria and Venezuela constrain the bears
1 February 2008
Volatility in the crude markets persists, as bearish sentiment last week gave way to a sharp spike in the price of oil in New York. The contract for March delivery of light sweet crude was trading at $91.88/b on Monday, up by around $3.50/b from Thursday.
Japan pays a high price for nuclear setbacks
1 February 2008
The shut-down of two nuclear plants has forced utilities to pay high prices for spot LNG cargoes. But with negligible indigenous energy resources, import-dependent Japan has little choice, writes Ian Lewis
Japan: gas industry plays its part in fight against global warming
1 February 2008
The gas industry in Japan faces a number of challenges – market deregulation, rising LNG prices and the need to reduce emissions. The Japan Gas Association's Gas Vision 2030 encompasses a number of initiatives that aim to reduce significantly CO2 emissions by 2030. By Haruki Takahashi, vice-chairman, the Japan Gas Association
Prices on the rise
1 February 2008
Several days of strong buying have pushed oil prices back into the mid-$90/b range. On Monday, the market consolidated gains of more than $8/b in the past week. In London, the price for Brent crude for April delivery had increased to more than $95/b. In New York, the contract for March delivery of light sweet crude oil traded at up to $96.24/b.
All eyes on the US
1 February 2008
The chances of a further weakening in oil prices are increasing as concern over the economic outlook for the US, the world's largest energy consumer, builds. For now, prices are proving resilient: at around $90 a barrel, futures are level with last week and are still only 10% below the record high of above $100/b set at the start of the year.
Opec unlikely to rock the boat
1 February 2008
Oil prices remain at around $100 a barrel and are likely to hold steady over the next few days. On Tuesday, Nymex light crude futures were trading at just over $99/b and Brent futures were just short of $98/b.
Proponents on the defensive
1 February 2008
Proponents of biofuels in the transport sector have been forced on to the defensive by findings suggesting the environmental benefits may not be as great as previously suggested. But Western governments still believe the sector has a big future, writes Ian Lewis
Bioenergy: opportunities and challenges
1 February 2008
Over the next 15-20 years, biofuels could meet much more of the world's energy needs. But the economic, environmental and social effects of development must be assessed to inform strategies. By Alexander Müller, assistant director-general, Natural Resources Management and Environment Department, UN Food and Agriculture Organization
The fundamental things ... (1)
1 February 2008
Why are crude prices so high? Some say supply and demand, some say speculators. Shortages of refinery capacity are making a significant contribution, Martin Quinlan writes
Output on the rise
1 February 2008
The new prize DUPLICATE 2745877
29 January 2008
The Intergovernmental Panel on Climate Change (IPCC), the world's most authoritative scientific body studying climate change, has all but removed doubts about the link between global warming and human activity. Its Fourth Assessment Report – signed off this year by all UN governments, including the US – said there is a greater than 90% chance that climate change has been caused by the burning of fossil fuels and other human actions.
World Energy Book: Unconventional hydrocarbons: a hidden opportunity
1 January 2008
Tightening oil and gas supplies, rising prices and security-of-supply concerns are driving an increasing interest in unconventional hydrocarbons resources. By Rhodri Thomas, managing consultant, Wood Mackenzie
Something has to give
1 January 2008
With concerns of a slow-down in some of the world's larger economies – including the US, China and Japan – mounting oil prices have eased by around $6 a barrel from the early January record above $100/b.
The fundamental things ...
1 January 2008
Why are crude prices so high? Some say supply and demand, some say speculators. Shortages of refinery capacity are making a significant contribution, Martin Quinlan writes
On the Slide
1 January 2008
GROWING evidence of a slow-down in the US economy, triggering sharp falls in stocks around the world, pushed oil prices lower this week.
Politics, society and nuclear new build
1 January 2008
It is often said that energy systems require secure and economic supplies that do not have unacceptable environmental consequences. The history of nuclear energy over the last few decades reveals that such an analysis is only partial; energy supplies must also satisfy a series of political imperatives. By Malcolm Grimston, associate fellow, Chatham House
Prices holding steady
1 January 2008
Falling equity prices have brought oil prices down with them: at the start of the week, crude futures were trading at just below $90 a barrel – 10% below the record high above $100/b set at the start of January.