Author: Graham Foster

Stay knowledgeable with free updatesMorgan Stanley has reduce its forecasts for Europe’s largest oil and gas corporations, predicting that waning costs will put extra strain on shareholder returns subsequent yr. Analysts on the financial institution lowered their share worth targets on BP, TotalEnergies, Shell, Equinor, and Repsol by between 9 per cent and 14 per cent, warning that there was a ten per cent draw back threat to subsequent yr’s earnings and money circulate forecasts throughout the sector.  In a analysis notice, Morgan Stanley mentioned there have been 4 situations beneath which the share costs of energy corporations had traditionally flourished: when…

Welcome again. Energy value volatility has eased this yr as the costs of pure gas and LNG stabilise. That’s dangerous information for energy merchants corresponding to Gunvor, which profited from the unprecedented tumult following the outbreak of the battle in Ukraine, and noticed its earnings halve within the first six months of 2024.Read on for Simon’s merchandise on how wind and photo voltaic energy, whose provide of power can fluctuate greater than that of various energy sources, may very well be paired with new applied sciences to trace — and easy — demand from customers. Thanks for studying. — Lee…

A new coalition authorities is grappling with the way to cut back the nation’s dependence on coal, however as Rob explains, there’s more likely to be loads of financial and political turmoil forward. — MalcolmAn ‘atomic bomb scenario’ for jobs: a South African coal plant’s failed repurposing South Africa’s Komati Power Station — a 63-year-old plant nestled away within the coronary heart of the Mpumalanga province within the nation’s coal belt — supplies a cautionary tale of how the “just energy transition” can go badly awry in growing international locations.This is a lesson that Dan Marokane, the chief government of…

It’s been a turbulent week in US politics, with President Joe Biden stepping down from his marketing campaign for re-election and endorsing vice-president Kamala Harris for the Democratic presidential nomination. In our second merchandise, Rhea Basarkar appears at how Republican nominee Donald Trump’s rhetoric on local weather change is out of step with the American public.Thanks for studying,AmandaCan Kamala make US energy policy ‘Brat’?Kamala Harris’s sudden vault to the highest of the Democratic presidential ticket has triggered a rush to determine the place she stands on the essential election points. But as analysts and journalists comb by way of her…

Earnings season is in full swing, and we might be watching intently to see what second-quarter numbers this week say concerning the well being of the business’s supermajors. BP beat expectations because of a decrease tax invoice this morning. Shell will report on Thursday, whereas America’s oil giants, ExxonMobil and Chevron, observe on Friday.Weak refining margins are set to be a central theme: each TotalEnergies and BP took hits in this space and Exxon has flagged that it expects to as properly.Exxon and Chevron, in the meantime, will face questions on their stand-off over a profitable Guyanese oil discover, although…

You can allow subtitles (captions) in the video participant Why Nigeria cannot refine its personal oil is a query that is been requested for generations. Two massively vital issues have modified, refining and subsidy. When the gas subsidy was eliminated, there was a form of panic. We now dwell on oil, sleep on oil, eat on oil, which is unlucky. Because of the theft, it has created a state of affairs the place there was a stifling of funding in the sector. Governments ought to know that we personal the oil. If you need to get cash, in truth, in…

Good morning, and welcome again to Energy Source, coming to you from New York. We begin with a scoop that Gunvor is stepping up its bet on biofuels, buying half of Varo Energy’s $600mn Dutch biofuel undertaking as the commodities dealer seeks to reinvest file earnings from the previous two years. The acquisition comes regardless of decrease than anticipated development in demand for the gas. Shell and BP have each paused the improvement of European biofuel vegetation final month, whereas shares in Neste, a Finnish biofuels specialist, have fallen by virtually half this yr. Today’s e-newsletter appears to be like…

Commodity markets haven’t escaped the turmoil as buyers fret that demand for oil, gas and metals crucial to the energy transition will fall if the US economic system falters.Oil costs are hovering near six-month lows and merchants say they’d have fallen additional if it weren’t for fears that rising tensions within the Middle East may interrupt provides. You can learn extra right here and right here.  Fatih Birol, the 66-year-old head of the IEA, has requested Big Oil to “look at their business plans” given the pressing must slash carbon emissions and sort out international warming. The trade has responded…

There was higher information for traders in Glencore on Wednesday as Gary Nagle, chief govt of the world’s largest listed coal producer, offered some readability over the way forward for the Swiss commodities group. He has deserted plans to spin off Glencore’s coal enterprise in a strategic pivot, which displays a sea change in sentiment in direction of fossil fuels. “The pendulum has swung on ESG . . . [investors] still do recognise that cash is king,” he stated.But whether or not Glencore’s coverage shift represents a serious shift in investor attitudes on local weather change or is reasonably a smokescreen deployed by…

First, I would like to level you in direction of Amanda Chu’s glorious investigation into the delays confronted by a few of the greatest US manufacturing investments introduced within the first 12 months of Joe Biden’s flagship industrial and local weather insurance policies.Among the most important initiatives on maintain are Enel’s $1bn photo voltaic panel manufacturing unit in Oklahoma, LG Energy Solution’s $2.3bn battery storage facility in Arizona and Albemarle’s $1.3bn lithium refinery in South Carolina.Amanda and others performed greater than 100 interviews with corporations and state and native authorities to decide the standing of initiatives. If you missed the…