Oil Market Report: Economic Woes Hold Sway Over Geopolitics

While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices (Brent) have eased back from the most recent high of $67/bbl. Shipping operations are at normal levels, albeit …

Berkeley Became First US City to Ban Natural Gas

Berkeley this week became the first city in the United States to ban natural, fossil gas hook-ups in new buildings. The landmark ordinance was passed into law on Tuesday, after being approved unanimously by the city council the previous week amid resounding public support. Although Berkeley may be pushing the …

IEA Launches New Tool for Tracking Oil and Gas-Related Methane Emissions Worldwide

The International Energy Agency has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas. The new “methane tracker” offers the most comprehensive global picture of methane emissions, covering eight industry areas across more than seventy countries. This new and …

Canada Declares Climate Emergency, then Approves Pipeline Expansion

Trudeau doesn’t seem to understand what ‘climate emergency’ means. Canadian Prime Minister Justin Trudeau is riding a rollercoaster of public opinion these days. Many Canadians were pleased with the House of Commons’ declaration of a climate emergency on Monday, a motion put forward by Environment and Climate Change Minister Catherine …

Study on 14-Year-Old Disaster Finds Oil Still Leaking into Sea

It’s been more than 14 years since Hurricane Ivan made landfall on the Gulf Coast of the United States as a Category 3 storm, with wind speeds approaching 200 kilometers per hour and a destructive storm surge. Worse is what’s still happening offshore, where an oil platform that collapsed during …

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Indian Coal Demand Soared 9.1% over Last Year

India’s annual coal demand rose 9.1% during the year ending March 2019. That’s according to India’s Coal Minister, Pralhad Joshi, who said the figure hit 991.35 million tonnes, driven primarily by utilities, which accounted for three-quarters of total demand. Their coal consumption rose by 6.6% to 760.66 million tonnes over …

UK Goes Record-Breaking 1,838 Hours Coal-Free Already This Year

The UK has gone a record-breaking 1,838 hours without using coal to generate electricity already this year. The Department for Business, Energy and Industrial Strategy (BEIS) has highlighted that 2018’s record of 1837.5 coal-free hours has been broken only slightly more than six months of the way through 2019. It …