The National Weather Service has elevated Hurricane Beryl to a Category 5 storm, the earliest a hurricane has ever received such a designation and a reminder of the weather-related risks to the domestic production of oil and energy. Climate change is producing larger and more frequent storms, which in ... READ MORE >
Geopolitical tensions and the rising oil risk premium threaten global recovery
Global oil markets are pricing in a risk premium of $7 to $10 a barrel in the wake of Iran’s drone attacks on Israel over the weekend, posing the single largest risk to the current global economic recovery. Despite in the rise in the risk premium, reflected in futures markets, early trading in oil ... READ MORE >
Texas energy supply during eclipse highlights importance of battery storage
Monday’s eclipse left millions in North America awestruck. It also raised questions about solar electricity generation at times when the sun isn’t shining; the astronomical event temporarily reduced the generation output of solar panels. The eclipse affected Texas in particular, as solar power is often ... READ MORE >
Oil price increase to exert limited impact following attack on Israel
Oil prices surged following the surprise attack by Hamas on Israel and Israel’s counterstrike over the weekend. After a knee-jerk reaction upon the open of trading around the world, prices have been well behaved and should abate as the shock of the attack, as deadly as it is, abates. It is ... READ MORE >
This week in energy: Summer brings the heat; clean energy investment on the rise
Summer heat has hit hard in many parts of the United States, making modern conveniences like electricity essential in our daily lives. In North America, nearly 400 million people depend on electricity each day. As demand increases, supply shortages become a challenge across the United States and beyond. A ... READ MORE >
This week in energy: FERC cybersecurity investment rule, oil prices, Canada wildfires
In this week’s energy industry roundup, we examine a new federal rule that allows certain electric utilities to recover cybersecurity investment costs, the bearish oil market and the impact of wildfires in Canada. New FERC rule for rate-based recovery of cybersecurity investments The Federal Energy ... READ MORE >
This week in energy: Surprise OPEC+ cuts, energy project legislation, electricity demand growth
In this week's energy industry roundup, we examine the impact and aftermath of the OPEC+ surprise cut announcement, a proposed bill to expedite energy projects, and transmission constraints on electricity demand growth. Aftermath of surprise OPEC+ cuts A surprise announcement from OPEC+ on Sunday that ... READ MORE >