Tag Archives: International

Oil Crisis Too Large for SPR Fix

On March 13, President Trump proposed using the Department of Energy to buy oil for the Strategic Petroleum Reserve (SPR) in a bid to soak up some surplus oil from the market. Oil prices received a jolt on the news just before the close of trading on Friday. However, the …

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World Is Heading for Biggest Ever Oil Surplus

After a dizzying drop in demand and an about-face in Saudi Arabian production policy, global oil markets face the possibility of the biggest crude surplus ever recorded, according to IHS Markit.Should the price war between the kingdom and Russia persist and the world tip into recession due to the coronavirus, …

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Coronavirus Crisis an ‘Excellent Opportunity’ to Speed Global Energy Transition

The Coronavirus economic stimulus packages being drawn up by governments around the world should build-in “large scale” spending on clean energy technologies including wind, solar, green hydrogen and carbon capture and storage (CCS), says Fatih Birol, executive director of the International Energy Agency (IEA). Investment in renewables, said Birol, in …

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