On the 4th of December 2018, in the context of COP24 in Katowice, A.P. Moller – Maersk announced the goal of being carbon neutral by 2050 and having carbon neutral vessels commercially viable by 2030. Maersk is the world’s largest containers shipping company, that transports nearly one in five seaborne containers. According to the statement, …
The 5th Opec+ meeting has concluded on Friday with the unanimous decision of cutting oil output by 1.2 mb/d starting from January 2019, for an initial period of six months. Opec countries will count for 0.8 mb/d and non Opec countries for 0.2 mb/d of the total target. The decision was far from being an easy one, …
The election of the new President of Brazil Jair Bolsonaro has drawn the attention of the whole world. And within all the socio-economic implications of his election, he is probably going to have a pivotal role in particular for the energy and climate future of Brazil and the entire world.
One of the latest publications from the Oxford Institute for Energy Studies (OIES) casts some doubts about the need and implementation of centralised capacity mechanisms proposing an alternative solution to complement the energy-only markets. At EU level the discussion about the introduction of capacity mechanism has a long story, and the EC is not completely favourable to them.
The Italian Prime Minister has given the green light to the TAP, but the government seems more divided than ever and uncapable of establishing ad following a common energy strategy.
The agreement to bring gas from Cyprus to Egypt for further export signed on the 19th of September could be a starting point to develop Eastern Mediterranean gas resources.
After the last Opec meeting, the oil market is in turmoil, with instability in Venezuela and Libya, and Iran ready to defend its place in the oil market.
After months of controversies, scandals and debate about his role as the Administrator of the US Environmental Protection Agency (EPA), Scott Pruitt finally submitted his resignation to President Donal Trump. What’s going to happen thereafter remains to be seen.
On Friday 22 of June Opec agreed to increase production to keep prices under control.
The deal preserved the unity of the group and reassured the market, but it is vague and it does not clarify who is going to pump more oil, and how much it will be.
The upcoming OPEC meeting of June 22 will be filled with tensions between those willing to incease output, and those who are not. The U.S. closely watching