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 >
oil production
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 >
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 >
This week in energy: Solar headwinds, Willow project, Gulf Coast LNG
In this week's energy industry roundup, we examine headwinds for the solar industry, the Willow oil project in Alaska and liquefied natural gas facilities along the U.S. Gulf Coast. Headwinds for the solar energy industry As investment in alternative energy is on the rise, the importance of the solar ... READ MORE >
This week in energy: OPEC+ cuts, battery factories, carbon capture
In this week's energy industry analysis, we take a look at the recent OPEC+ production cut decision, the U.S. government stepping up investment and policy support around battery manufacturing, and the landscape of carbon capture incentives in Canada. OPEC+ cuts cause supply scramble After over five ... READ MORE >
Oil prices and price gouging: Deconstructing the price of gas
Rising energy prices have stimulated a fierce debate around inflation and what is behind the surge in gas prices. Are companies taking advantage of a stressful time in the economy and raising prices more than they need to? Accusations of price gouging and corporate greed now permeate the public ... READ MORE >
This week in energy: Global market turbulence, Canada’s oil outlook, energy transition
In this week's energy industry analysis, we take a look at the energy market implications of unrest in Kazakhstan, a strong outlook for Canada's 2022 oil production and the continued importance of environmental, social and governance issues in the energy transition. Turbulence in global markets Unrest ... READ MORE >
Chart of the day: With oil prices elevated, will U.S. production follow?
The high price of gasoline has become a major economic concern for Americans. Rising energy prices are expected to restrict household spending and disproportionately hit low-income consumers. Given the decline in oil prices over the past two weeks, gasoline prices are expected to follow, which ... READ MORE >
This week in energy: COP26, Permian production, Canada Cabinet shuffle
In this week’s energy industry analysis, we take a look at priorities for the upcoming United Nations climate change conference, the recent production surge in the Permian Basin, and new Cabinet appointments in Canada. 1. U.N. climate change conference Next week, the United Kingdom will host ... READ MORE >