By Centralizing and Automating Your Data on a Single Platform , You Can Make the Right Data-Driven Decisions for Your NGL and LNG Organization The NGL and LNG market is becoming increasingly more complex, competitive, and difficult to predict. The key players in the markets are demanding more flexibility, the industry is seeing a rise […]
Global warming has long been a major concern for the world. Unfortunately, despite the warning bells being rung by scientists and environmentalists for decades, a complete transition to renewable energy from fossil fuel was not regarded as a fiscally viable shift. Recent years have seen the impact of global warming materialize in the form of […]
Europe’s transition to a zero-carbon future is well underway. Greenhouse gas emissions have fallen by 20% since 2005, according to World Bank data, and the EU is now targeting net zero emissions by 2050. The largest share of emissions globally is generated by the power sector, and this is where efforts have focused over the […]
The EU Emissions Trading System (EU ETS) has had a tumultuous start to 2021. Prices have risen by 22% to new record highs in the last six weeks as a wave of speculative investment has come into the market, and industrial and utility compliance companies have been shoved to the sidelines. The rally is part […]
Natural gas prices in Europe have not enjoyed anything like the recovery that has driven power, coal, and carbon back up to pre-COVID levels. A long-term glut of gas supply hangs over the market, despite recent cutbacks in US production, and the outlook remains as gloomy as it did before the CODIV-19 pandemic swept around […]
The steep drop in crude oil prices between March and April came as nations representing the bulk of demand went into lockdown, bringing industrial production to a near-halt and driving road traffic down to levels not seen in decades. Passenger car traffic in the UK dropped like a stone, falling by two-thirds from normal levels […]
Ever since the Babylonians began to predict weather from cloud patterns and astrology, humans have tried to build a solid method to predict short-term, and increasingly of late, longer-term weather patterns. The science of weather forecasting dates back to the careers of Francis Beaufort, an Irish hydrographer who served as Britain’s Hydrographer of the Navy […]
Oil refiners may soon find themselves the target of an effort to cut greenhouse gas emissions in the northeast US using a cap-and-trade program. A number of northeast US states are revving up to create a cap-and-trade program to cut CO2 emissions from cars and trucks. This effort could end up creating the largest carbon […]
The landmark cap-and-trade program has helped put the Golden State on track to meet its near-term greenhouse gas emissions goal – without wrecking the economy. Will others follow? California and market partner Quebec easily sold off all of the carbon allowances offered at their latest auction, continuing a run of success that state leaders in […]
One of the biggest stories in European energy markets last year was the 200% jump in EU carbon allowances (EUAs), with prices rising from around €8/tonne to a peak of more than €25/tonne. The impact of the 2018 carbon surge on power plant generation economics was profound, pushing margins for many coal-burning plants into negative […]