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The Latest Breaking News from Rystad Energy

How the Bab al-Mandab blockade threat helped push oil back above $100

Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge

The Guardian - UK

OPEC+ increases production quotas for July

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of…

The Economic Times

The great energy pivot: US oil and Chinese solar are the winners in Trump’s war on Iran

Exposure of world’s reliance on Middle East supplies accelerates global shift towards new energy superpowers

The Guardian - UK

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‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle East

Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economy

The Guardian - UK

Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

The Independent UK

What is the strait of Hormuz and why is it crucial for oil supplies?

Effective closure of the narrow waterway could spell trouble for many developed economies

The Guardian - UK

Why the US has designs on Venezuela's oil

Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro

The Independent UK

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Green energy stocks are making a comeback in spite of political headwinds

The green energy index, a collection of 83 public companies in the cleantech space, is up by 40% this year.

Axios

European imports of liquefied natural gas from Russia at ‘record levels’

Rystad Energy releases data days after Ukraine stopped flows of Russian gas through its pipelines

The Guardian - UK

1 Energy Transition Stock Set to Thrive Under Trump 2.0

A key component to modernizing the electric grid to meet soaring power demand from AI data centers are transformers. But the industry is being overwhelmed by demand for transformers. The $48 billion market is forecast to reach $67 billion by 2030, says consultancy Rystad Energy. This is great news for…

Barchart

The oil industry is booming. This West Texas small business worries it’s been left behind.

Before the pandemic, Ben Bilbrey worked with some of the largest oil companies. Now he’s waiting for the phone to ring.

The Texas Tribune

Is Andrew Forrest’s energy dream in peril? The future of green hydrogen in Australia explained

Fortescue announced 700 job cuts this week in a bid to remain ‘lean’. So what does it mean for green hydrogen?

The Guardian - AU

Natural hydrogen: The new gold rush?

Geologists around the world are calling it the "new gold rush". We ask why companies are rushing to capitalise on white or natural hydrogen, with our guest Minh Khoi Le. He is the head of hydrogen research at business intelligence company Rystad Energy. According to the firm, 40 companies were…

France 24

Gas Booming For UN COP29 Host Azerbaijan

Following the UN's COP28 climate talks in oil-fuelled Dubai, the COP29 conference is headed for the historic cradle of oil, Azerbaijan, which is in the midst of a gas boom.

International Business Times

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The Independent UK

Deadly explosion off Nigeria points to threat posed by aging oil ships around the world

An explosion aboard the Trinity Spirit off the coast of Nigeria last year that killed five workers and left two others unaccounted for stands among the deadliest tragedies on an oil ship or platform in recent years

Newcastle Herald

World's 'most volatile' energy market

Bayswater and Eraring turbines were offline for maintenance in September.

The Guardian - AU

Australia nearing record amount of solar panel uptake to beat rising power prices, analysts say

Exclusive: The ongoing strength of rooftop solar installations contrasts with the sharp slowdown in new large-scale solar farms

The Independent UK

As oil boom transforms Guyana, a scramble for spoils

Guyana is poised to become the fourth-largest offshore oil producer in the world, placing it ahead of Qatar, the United States, Mexico and Norway

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Fortune

A California startup is turning greenhouse gas into a plastic alternative that's used by Nike and H&M

Twenty years ago, two entrepreneurs thought of carbon differently—as a possible ingredient in products we use every day.

The Guardian - UK

Fact check: are the Tories right that British oil and gas is greener?

The climate minister says new domestic drilling for oil and gas will help the UK reach net zero by 2050. Is he right?

France 24

Europe prepares for energy crisis as Russia slashes supplies of natural gas

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

The Independent UK

EXPLAINER: Europe struggles with crisis as Russia cuts gas

Europe is struggling to contain an energy crisis as Russia throttles back supplies of natural gas

The Independent UK

Europe plan for floating gas terminals raises climate fears

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel

The Independent UK

Russia burns off ‘$10m of gas a day meant for Europe’ after huge flame seen near Nord Stream pipeline

Blaze at Portovaya plant visible from neighbouring Finland amid fears for climate impact

The Independent UK

Oil price cap could strike Russia's war chest — if enforced

Leaders of the world's biggest developed economies are looking for ways to cut off Russian President Vladimir Putin's oil money, which is helping finance the war against Ukraine

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