The International Energy Agency (IEA) released its 2024 World Energy Outlook (WEO) on Tuesday, and its predictions are continuing to create confusion in global energy markets. Specifically, the report deviates from other leading forecasters by predicting that demand for oil and natural gas will peak within five years. In the past year, OPEC, Envernus, JP
Read More...As the election heats up, some politicians are yet again attempting to revive the tired and debunked myth that American energy producers are artificially raising energy prices on consumers. Later this afternoon, Democrats on the House Natural Resources committee plan to host a Roundtable on “holding Big Oil accountable” for alleged price gouging. While this
Read More...A recent study provides a classic example of headlines not matching reality when it comes to reporting on oil and natural gas activities. The study, which was conducted by Harvard researchers and published in the Proceedings of the National Academy of Science, claims that methane emissions from the oil and natural gas industry between 2010
Read More...The International Energy Agency’s monthly Oil Market Report for January forecasts a dynamic and mutating crude market in 2023: while inventories are expected to grow in the first quarter, various international dynamics may cause the market to be extremely tight by the end of the year. Per IEA, in the first three months of 2023,
Read More...A new report from the Breakthrough Institute examines future oil and natural gas demand through the lens of four decarbonization scenarios and the possible impacts climate policies and international politics might have on the industry. While the report emphasizes infrastructure deficiencies and the need for economic diversification in these future climate scenarios, it also makes
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