Page 4 - Macro Oils News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is The World Sleepwalking Into An Oil Supply Crunch? Under-investment in oil supply will lead to a tight oil market later this decade. It’s a narrative that’s gained increasing traction as capital expenditure on upstream oil and gas has shrunk. Spend in 2021 is half the peak of 2014 after slumping to new depths in last year’s crisis. I asked Harry Paton of our Oil Supply team and Ann Louise Hittle, Head of Macro Oils, how they see the medium-term market fundamentals developing and the implications for price. How much new oil supply does the world need? A lot – we reckon about 20 milli...

The National Wildlife Refuge System is an American institution, with roots going back to the early years of the 20th century. The Arctic National Wildlife Refuge in Alaska is its crown jewel, celebrated as “one of Planet Earth’s own works of art”. So, it is no surprise that the attempt to start oil exploration in ...

UN warns of runaway global warming May 27, 2021 2:42:pm Summary by: Daniel Graeber UN warns of runaway global warming The UN’s World Meteorological Organisation in a May 27 report said the odds that global temperatures could spike above pre-industrial levels are increasing quickly. There is a 90% chance that at least one year between now and 2025 will see the highest-ever annual average global temperature. In at least one of the next five years, there is a 40% chance that the global average temperature will breach 1.5°C above pre-industrial levels. The 1.5°C mark is the target limit spell...

OPEC+ maintains production plan Speaking after OPEC+ announced its decision this afternoon, Ann-Louise Hittle, vice president, Macro Oils, said: “As we expected, OPEC+ is holding firm to its decision to increase supply, gradually and carefully, over the coming months. “The move comes as the group tries to balance risks – including the possibility of reduced demand from India as it struggles to control a devastating wave of Covid-19 infections – with signs of demand recovery elsewhere. “US oil demand is continuing to climb back toward 2019 pre-pandemic levels and a strong summer dema...

Action to achieve Paris climate goals will upend oil and gas markets Apr 16, 2021 10:30:am Summary by: Wood Mackenzie Action to achieve Paris climate goals will upend oil and gas markets If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve...