Renewable energy

‘Unthinkable’: alarm bells for the climate as OPEC action paves the way for oil surpluses

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The International Energy Agency forecast this month that global oil capacity could exceed demand by 2030, leading to a bearish trend for oil prices. OPEC has not specified a timeline for production increases, but has said its actions will depend on market conditions. Oil prices, which are influenced by many factors other than supply and … Read more

The world is using more oil, coal and gas than ever before and will continue to do so. Net Zero is dead

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A key point of consensus regarding global oil demand is the expectation that it will remain robust, driven by a combination of factors including economic recovery, increased travel and rising industrial activity in non-OECD countries. The only major body not seeing sustained, massive growth is the International Energy Agency (IEA), which revised its figures this … Read more