Trends
Beware the 'super spike'
1 May 2008
Oil prices set yet another new record high – US futures today moved above $129 a barrel for the first time – and a handful of influential investors seem to think they could move much higher.
Kremlin freshens up its energy strategy
1 May 2008
The government plans to allow Gazprom to raise the domestic price it charges for gas, while the oil sector is set to benefit from tax cuts, writes Derek Brower
Oil prices fall on demand concerns
1 May 2008
Oil prices fell below $127 a barrel on Wednesday as concern grew that high prices may be starting to dampen demand.
Russia: more investment needed
15 April 2008
While the world has been fretting about oil prices near $100 a barrel, what it should really be worried about is gas. Europe today and the US in the future are moving towards a staggering dependence on imported natural gas. By Nadejda Victor, Program on Energy and Sustainable Development, Stanford University
Unstoppable rise ignores fundamentals
15 April 2008
Oil futures have resumed their seemingly unstoppable rise, setting a new trading record above $112 a barrel on Tuesday. New York light crude futures for May delivery reached a peak of $112.48/b – slightly above the previous record, set last week, of $112.21.
Market hints at correction
1 April 2008
DEMAND erosion and weakening stocks amid persistently poor economic data from the US could continue to weaken crude prices over the next week, with analysts asking if the market could be readying for a correction. All eyes will be on the weekly update from the US' department of energy, to be released tomorrow, indicating the health of crude inventories in the country.
Exuberance ebbs away as supply crunch fears grow
1 April 2008
The growing prospect of shortages in LNG supply after 2010 could start to destroy demand, as potential buyers consider alternative fuels. Alex Forbes reports from the Gastech conference in Bangkok
How high can it go?
1 April 2008
Oil futures set new record highs on Tuesday and further gains look probable. On Tuesday, New York light crude set an all-time high of $118.05 a barrel, while Brent futures for June delivery reached a record of $115.03/b.
ExxonMobil's Nigerian output still shut in
1 April 2008
ExxonMobil's 0.8m barrels a day of Nigerian production remains shut in, a local company source has confirmed. That means that, despite a modest easing in oil prices yesterday, the market remains well supported.
Quantum leap
1 April 2008
To realise the potential of solar energy will require technological and scientific advances to enable the full energy cycle of capture, conversion and storage to be integrated into an interdependent, synergistic and globally scalable system. By Nathan Lewis, professor of chemistry, Beckman Institute and Kavli Nanoscience Institute, California Institute of Technology
The bulls return
1 April 2008
OIL PRICES look set to remain strong this week after bullish comments from Opec, a new forecast from the US' Department of Energy (DOE) and a fire at a refinery in Europe combined to inject strength into the markets.
The blade's the thing
1 March 2008
As demand for renewable, clean energy grows, blade design is receiving greater attention as researchers attempt to improve efficiency and reduce costs, writes Anne Feltus
The power of wind
1 March 2008
Wind energy is competitive, inexhaustible, free and clean; it reduces dependence on imported energy and can be ramped up fast. Wind has developed from being an alternative energy to a high-tech, competitive and extremely reliable source on par with oil and gas. By Peter W Kruse, vice-president, group communications, Vestas Wind Systems
Uncharted waters
1 March 2008
Oil prices have set new highs at around $110 a barrel and are showing little sign of easing. On Tuesday, US light-crude futures reached a record high of $109.72/b; Brent futures, also breaking new ground, almost reached $106/b.
Another record week, but it can't go on
1 March 2008
Another week, another record: crude reached new highs on Monday – $111.80 a barrel in the case of New York light oil futures for April delivery and $107.97/b in the case of May Brent.
Russia: more investment needed DUPLICATE 2745863
1 March 2008
While the world has been fretting about oil prices near $100 a barrel, what it should really be worried about is gas. Europe today and the US in the future are moving towards a staggering dependence on imported natural gas. By Nadejda Victor, Program on Energy and Sustainable Development, Stanford University
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