The Biden administration just backed the first commercial-scale offshore wind farm in the U.S., signaling that the political stars may finally be aligning for this energy resource.
OPEC+ s 9mn b/d of spare capacity stands ready to ramp…
In the wake of the 2Q20 oil demand collapse, OPEC+ struck an unprecedented deal to remove nearly 10mn b/d of supply from the market. Now, with Brent trading into the $60-65 range, we expect OPEC+ to counter, adding more than 1.3mn b/d of supply in 2Qe and ramping further into year-end to keep prices and balances in check. Over the medium term, we think OPEC+ coordination will likely continue as the group wields its spare capacity in an effort to manage prices. GCC countries will likely have to carry meaningful spare capacity as demand growth slows and modest non-OPEC+ increases fill the gap.
According to Motilal Oswal, Oil ended the first week of New Year with a gain of nearly 8% as OPEC leader Saudi Arabia continued with its lower-for-longer supply strategy.
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Episode 249: 30 Under 30 honorees share revelations, big oil pivots Heather Clancy Fri, 12/18/2020 – 02:00 Week in Review Stories discussed this week (3:45). Can Shell pilot a new era of sustainable aviation? The oil and gas industry’s search for purpose in a climate-disrupted world Can California’s cap and trade address environmental justice? BofA, BlackRock and State Street talk stakeholder primacy and fall short Features The road ahead for sustainable transportation (21:40) Katie Fehrenbacher, senior writer and transportation analyst for GreenBiz, reflects 10 key trends from 2020 that will or should shape priorities in the 12 months ahead. Among them: bridge fuels to zero-emissions fleets; the public transit crisis; and what policies are mapping the journey. Year-end reflections from the GreenBiz 30 Under 30 (34:35) As we did at the end of 2019 and beginning of 2020, we feature the voices of our vibrant community in this episode and on Jan. 8. Participants con