IEA chief criticizes artificial tightness in energy markets

Oil pumping cranes are photographed at the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority said some countries had failed to take a beneficial stance to calm high oil and gas prices, criticizing the “artificial tightening” of energy markets. “[A] The factor that I … Read more

The fight to dismantle the little-known Energy Charter Treaty

Electricity transmission towers beside a gas-fired power plant, operated by Uniper SE, in Irsching, Germany, on Wednesday, July 7, 2021. Michaela Handrick Riehl | Bloomberg | Getty Images LONDON – The Energy Charter Treaty is not widely known, yet it is feared that the impact of this international agreement will be enough on its own … Read more

U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort by energy-consuming nations to cool rapidly rising fuel prices in 2021. The coordinated release between the United States, India, China, Japan, the Republic of Korea, and the United Kingdom is the first of its kind. … Read more

Batteries are the ‘new oil’ says Morgan Stanley — Here are stocks for every part of the supply chain

Brine pools at the Albemarle Corp lithium mine in Calama, Antofagasta Region, Chile, on Tuesday, July 20, 2021. Cristobal Olivares | Bloomberg | Getty Images According to Morgan Stanley, the global battery economy is the “new oil” and will reshape century-old supply chains with the creation of a new industrial order. Much of the interest … Read more

Travel writers pick the most beautiful places on earth

You’ve seen the pictures: the Eiffel Tower with a brightly smoldering sky. Taj Mahal without tourists. Lakes with wonderful mountain reflections. Unfortunately, the images were often manipulated. Not many places can live up to the expectations set by photography filled with brushwork, blur, and balance to a flawless finish. It can leave travelers disappointed when … Read more

likely to maintain slow oil output despite high prices

Oil-pumping cranes, also known as “Emma donkeys”, work in an oil field near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrei Rudakov | Bloomberg | Getty Images Oil prices are at their highest since 2014, and oil-importing countries are feeling the pain. But despite diplomatic pressure, it is unlikely that OPEC and its allies … Read more

Jefferies raises price targets for 3 Asian carmakers despite gloomy outlook

The Toyota Motor logo is displayed at the company’s auto showroom in Tokyo on February 6, 2019. Kazuhiro Nogi | AFP | Getty Images Global auto sales are set to decline due to prolonged manufacturing restrictions and tight market conditions, but Japanese automakers are likely to avoid any dramatic setbacks, according to Jefferies. .

no net-zero emissions without Asia

The CEO of the Japanese beverage giant said this week that the world needs Asia to tackle climate change — if not, net zero emissions would be out of reach. Asia plays an important role in tackling climate change, Suntory CEO Takeshi Niinami said, speaking to CNBC as part of the Virtual Sustainable Future Forum. … Read more