Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Alternative Energy Execs Dream Of Oil Crunch
While most companies are watching soaring oil prices with an eye on rising costs some renewable energy executives are licking their lips at the prospect of "spectacular" growth. Oil sped above $135 to a new record for a third straight day on Thursday. That and new forecasts of a higher floor price has some alternative energy suppliers dreaming of an era of peak oil when global crude output starts to fall.
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Record fuel prices still cheaper than Europe
Melbourne's unleaded petrol reached an all-time high yesterday of 162.9 cents a litre for unleaded fuel. More than 100 petrol stations across the city were charging the record figure, before dropping the price back to 159.9 cents. Retail prices for petrol, diesel and oil have risen worldwide due to political, environmental and economic factors. High prices are hurting consumers everywhere - even in countries such as Egypt, India and Indonesia where fuel prices are subsidised by the government to minimise consumer costs.
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China Natural Gas Ready For Nasdaq, Thinks Bigger
China Natural Gas Inc is speeding up its expansion plans and looking to a Nasdaq listing as soaring crude oil prices make cleaner energies more attractive, Chief Financial Officer Guo Lihong said on Monday. The provider of compressed natural gas (CNG) and liquefied natural gas (LNG) believes China's efforts to protect its environment and reduce its reliance on coal augurs well for its growth prospects, she told a visiting group of U.S investors. "We aim to become China's No.1 in terms of CNG filling stations within the next two or three years," Guo said.
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State-run firms in metros to sell only costlier petrol, diesel
Lakhs of vehicle owners in metropolitan cities and major towns will now have to shell out Rs.3 to Rs.4 a litre more for "buying petrol and diesel' as State-run Oil Marketing Companies (OMCs) have "decided' to sell only expensive "branded premium fuel' at these places.
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Stranded in suburbia (editorial)
By Paul Krugman I have seen the future, and it works. O.K., I know that these days you're supposed to see the future in China or India, not in the heart of "old Europe." But we're living in a world in which oil prices keep setting records, in which the idea that global oil production will soon peak is rapidly moving from fringe belief to mainstream assumption. And Europeans who have achieved a high standard of living in spite of very high energy prices - gas in Germany costs more than $8 a gallon - have a lot to teach us Americans about how to deal with that world.
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Food For Thought
The time has come to look afresh at the management of the food economy in order to ensure food security---------
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CNG: a rare commodity in Balochistan
Hard pressed by soaring fuel prices, people in Blochistan, the main provider of domestic natural gas, are unable to get the relatively low-priced compressed natural gas. There are only three CNG stations in Quetta and one in Hub and these are unable to cope with the demand. Like in other parts of the country, people in Quetta are fast adopting to alternative fuels, specially CNG.
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Crude oil price up as Bush visits Saudi Arabia
Crude oil prices on Friday hit a fresh record high of almost $128 a barrel boosted by a bullish forecast from Goldman Sachs and as US President George W. Bush asked Saudi Arabia, the world's largest oil producer, for help to lower skyrocketing energy prices. Bush, on his second visit to Saudi Arabia this year, was renewing his appeal for the Organisation of the Petroleum Exporting Countries to boost its output.
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Despite expense, oil-producing countries keep subsidies in place
BEIJING: China, India and other nations that subsidize gasoline and diesel prices may be even less willing to raise prices than they were six months ago, aiding crude's ascent toward $130 even as demand deteriorates elsewhere. While Indonesia appears set to raise prices this month, the world's fastest-growing oil users show little inclination to reduce their subsidy programs and allow fuel prices to rise, as fighting inflation has become their top priority.
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Food Crisis, Increased Oil Price, Climate Change
Bangladesh calls for immediate global action to address three major global challenges - food crisis, increased oil price and climate change. Ambassador and Permanent Representative of Bangladesh to the United Nations, Ismat Jahan, made this call while speaking on behalf of the least developed countries at the high level segment of the UN Commission on Sustainable Development (CSD) in New York Wednesday. Ambassador Jahan said the price of food grains had surged to its record high, affecting the LDCs most disproportionately.