International Market Analysis

 

Category Archives: In The News

OPEC Says To Biden: If You Want More Oil, Pump It Yourself

OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then it has the capability to increase production itself. The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-member top producers guided by Russia,

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COP26 And WTO Ministerial Bring Tough Questions For Emerging Economies

Ministers from twenty-four developing nations – including China, India, Vietnam, and Pakistan – released a statement ahead of the United Nations Climate Change summit (COP26) denouncing new net-zero standards as discriminatory. The plan asks for all countries to reach net-zero carbon emissions by 2050. Climate negotiations have long been shaped by equity concerns; this makes sense.

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Europe’s Self-Inflicted Energy Crisis

Europe is in the throes of an unprecedented energy crunch. Some call it a crisis, which, if not addressed, may be comparable to the Arab oil embargo of the 1970s – with dire economic, social and political consequences. Brent crude is at a 5 year high of $84 per barrel while spot natural gas prices are up more than 500% year-over-year,

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FinTech Can Help Fill Climate Resilience Gaps In Emerging Markets

The fuel crisis spreading across Europe and Asia highlights the weather-related vulnerabilities faced by global energy systems. As wind and solar falter under intermittency, power generation has defaulted to gas, where demand is being squeezed by early-autumn heating and late-summer electric cooling needs across Eurasia. The reverberations of February’s polar vortex in Texas—which froze gas output—continue to be felt

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AUKUS Sub Deal Could Sink Relations With France, Buoy Nuclear Tech Advances

As an exhausted, internally divided America proclaims its return and promises a new era of diplomatic leadership, its global partners are rightfully skeptical. Year one of the Biden era has seen the botched withdrawal from Afghanistan, casting doubts about the president’s foreign policy judgment. So long as the disgraced President Donald J. Trump remains the Republicans’ current frontrunner for

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Big Money For Solar, As Biden Targets Half Of U.S. Electricity From The Sun By 2050

A Solar Futures Study released by the Department of Energy (DOE) Wednesday projected that solar energy generation could reach 40% of the nation’s electricity consumption by 2035 and achieve nearly 50% by 2050, contingent on large federal government infrastructure investments such as those proposed by the Biden Administration. The study found that to reach 40% solar in

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Hurricane Ida Puts America’s Energy Security To The Test

Hurricane Ida, the worst storm since Katrina, knocked out an estimated 94% of offshore Gulf oil production, as well as power to one million homes across Louisiana and Mississippi this past weekend. Some 10% of gas stations in the Baton Rouge area were out of fuel — as were 7.5% around New Orleans — leaving thousands lined up for gas to

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