Opalesque Commodities Briefing » Energy http://www.opalesque.com/Commodities_Briefing Fri, 17 May 2013 01:03:17 +0000 http://wordpress.org/?v=2.5.1 en 2014 expected to be a bumper year for wind http://www.opalesque.com/Commodities_Briefing/?p=125399 http://www.opalesque.com/Commodities_Briefing/?p=125399#comments Tue, 14 May 2013 04:09:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125399 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125399>Article Link</a> According to Bloomberg, Warren Buffet’s MidAmerican Energy Holdings Co. is gearing up to drop $1.9 billion on new wind farms in Iowa. The investment might build as many as 656 new turbines by 2015, which would add as much as 1,050 megawatts of wind power capacity to the 2,285 megawatts the company already operates in the state. (more…)

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IEA: Outlook bleak for EU gas sector http://www.opalesque.com/Commodities_Briefing/?p=125336 http://www.opalesque.com/Commodities_Briefing/?p=125336#comments Wed, 08 May 2013 02:24:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125336 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125336>Article Link</a> There’s not much to suggest the European natural gas market will make dramatic gains any time soon, the International Energy Agency said. The IEA said in its monthly journal that European countries consumed 8 percent more natural gas in 2010, erasing the 6 percent decline that coincided with economic crises in 2009. (more…)

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EU pollution push in disarray as crisis focus sharpens: Energy http://www.opalesque.com/Commodities_Briefing/?p=125291 http://www.opalesque.com/Commodities_Briefing/?p=125291#comments Mon, 06 May 2013 01:57:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125291 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125291>Article Link</a> Europe’s program to halt climate change is in disarray with lawmakers in the region expressing concern the drift is undermining the planet’s most significant effort to combat global warming. (more…)

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Unburnable fuel: Either governments are not serious about climate change or fossil-fuel firms are overvalued http://www.opalesque.com/Commodities_Briefing/?p=125282 http://www.opalesque.com/Commodities_Briefing/?p=125282#comments Fri, 03 May 2013 03:16:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125282 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125282>Article Link</a> Markets can misprice risk, as investors in subprime mortgages discovered in 2008. Several recent reports suggest that markets are now overlooking the risk of “unburnable carbon”. The share prices of oil, gas and coal companies depend in part on their reserves. The more fossil fuels a firm has underground, the more valuable its shares. But what if some of those reserves can never be dug up and burned? (more…)

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Coal prices resilient to drop in consumption http://www.opalesque.com/Commodities_Briefing/?p=125280 http://www.opalesque.com/Commodities_Briefing/?p=125280#comments Fri, 03 May 2013 03:16:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125280 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125280>Article Link</a> Delivered coal prices appear to be exceptionally resilient to the drop in consumption. In fact, while delivered coal volumes have been declining, delivered coal prices have been rising, Barclays noted in a report. (more…)

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Citi cuts thermal coal price estimates as supply zooms http://www.opalesque.com/Commodities_Briefing/?p=125279 http://www.opalesque.com/Commodities_Briefing/?p=125279#comments Fri, 03 May 2013 03:16:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125279>Article Link</a> Coal prices are likely to fall this year, owing to low demand and increased supplies. Citi Research has lowered the price estimates of global thermal coal for this year and the next, citing increased supply and subdued demand in India and China, the key coal-importing nations. (more…)

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Trillion euro shortfall facing EU energy sector says Lords Committee http://www.opalesque.com/Commodities_Briefing/?p=125261 http://www.opalesque.com/Commodities_Briefing/?p=125261#comments Thu, 02 May 2013 03:23:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125261 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125261>Article Link</a> Investment totalling a trillion Euros is required before the end of this decade if the European Union is to stave off an energy crisis. That is the conclusion of an eight-month inquiry by the House of Lords into the EU power sector. (more…)

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Progress towards clean energy has stalled, IEA says http://www.opalesque.com/Commodities_Briefing/?p=125173 http://www.opalesque.com/Commodities_Briefing/?p=125173#comments Thu, 25 Apr 2013 02:48:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125173 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125173>Article Link</a> “The drive to clean up the world’s energy system has stalled,” IEA Executive Director Maria van der Hoeven told the CEM, which brings together ministers representing countries responsible for four-fifths of global greenhouse-gas emissions. “Despite much talk by world leaders, and despite a boom in renewable energy over the last decade, the average unit of energy produced today is basically as dirty as it was 20 years ago.” (more…)

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Europe’s share of global coal trading rises despite weak economy http://www.opalesque.com/Commodities_Briefing/?p=125172 http://www.opalesque.com/Commodities_Briefing/?p=125172#comments Thu, 25 Apr 2013 02:47:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125172 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125172>Article Link</a> Europe’s share of international coal trading is rising despite a sluggish economy, as a collapse in emissions permit prices and a global oversupply of coal bolsters the fuel’s profitability in power generation. (more…)

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Clean economy doesn’t mean cleaner world http://www.opalesque.com/Commodities_Briefing/?p=125132 http://www.opalesque.com/Commodities_Briefing/?p=125132#comments Tue, 23 Apr 2013 03:15:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125132 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125132>Article Link</a> A flurry of recent reports on the renewable energy sector suggest that, while global investments are down from 2011 records, most of the major economies continue to support a low-carbon economy. (more…)

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India is starting to go in the right direction on subsidies: IEA http://www.opalesque.com/Commodities_Briefing/?p=125096 http://www.opalesque.com/Commodities_Briefing/?p=125096#comments Mon, 22 Apr 2013 03:06:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125096 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125096>Article Link</a> Maria van der Hoeven, executive director of the International Energy Agency (IEA), is no stranger to India. She has been engaged in discussions with Indian policymakers and planners for facilitating India’s association with the IEA. (more…)

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Green energy on the back foot after carbon trading blow http://www.opalesque.com/Commodities_Briefing/?p=125076 http://www.opalesque.com/Commodities_Briefing/?p=125076#comments Fri, 19 Apr 2013 04:05:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125076 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125076>Article Link</a> It’s been a bad week for efforts to develop green energy around the world. A new report from the International Energy Agency (IEA) says that progress towards carbon-free energy production has basically stalled. (more…)

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IEA: Global renewable energy up, but we’re not cutting emissions http://www.opalesque.com/Commodities_Briefing/?p=125075 http://www.opalesque.com/Commodities_Briefing/?p=125075#comments Fri, 19 Apr 2013 04:05:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125075 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125075>Article Link</a> The world isn’t cleaning up its energy systems despite increasing investment in renewable power, according to a new report. So how has this happened? The answer in one word: coal. (more…)

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Clean energy progress too slow to limit global warming, warns IEA http://www.opalesque.com/Commodities_Briefing/?p=125057 http://www.opalesque.com/Commodities_Briefing/?p=125057#comments Thu, 18 Apr 2013 00:49:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125057 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125057>Article Link</a> With governments failing to promote green energy, top scientists say the drive to keep temperature rise below 2C has stalled. The development of low-carbon energy is progressing too slowly to limit global warming, the International Energy Agency (IEA) said on Wednesday. (more…)

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Europe: Back to the dark ages http://www.opalesque.com/Commodities_Briefing/?p=125010 http://www.opalesque.com/Commodities_Briefing/?p=125010#comments Mon, 15 Apr 2013 03:10:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125010 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125010>Article Link</a> Coal’s golden renaissance … While coal use in electricity generation has dwindled in the United States, it has been staging a quiet comeback in Europe. Coal-fired power generation is growing at an annual rate of 5% and 22% in Germany and Spain, while gas-fired generation is falling by 15% and 23% respectively. (more…)

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Global solar PV market surges towards 100GW milestone http://www.opalesque.com/Commodities_Briefing/?p=124965 http://www.opalesque.com/Commodities_Briefing/?p=124965#comments Thu, 11 Apr 2013 04:18:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124965 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124965>Article Link</a> The global solar PV market is poised to break through the 100GW of installed capacity mark this year, according to new figures from the International Energy Agency (IEA). The IEA’s Photovoltaic Power System Programme this week published a new report, entitled Snapshot of Global PV in 1992-2012, based on data from 23 countries, including all of the world’s largest solar markets. (more…)

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Europe ‘falling behind US and blighted by energy costs’ http://www.opalesque.com/Commodities_Briefing/?p=124946 http://www.opalesque.com/Commodities_Briefing/?p=124946#comments Wed, 10 Apr 2013 04:07:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124946 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124946>Article Link</a> Europe is falling dangerously far behind the US in productivity growth and is blighted by crippling energy costs, the pan-EU industry federation has warned. “Europe doesn’t have an energy policy. It has a climate policy,” said Markus Beyrer, head of BusinessEurope. (more…)

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IEA seeks closer relationship with emerging economies http://www.opalesque.com/Commodities_Briefing/?p=124908 http://www.opalesque.com/Commodities_Briefing/?p=124908#comments Mon, 08 Apr 2013 03:29:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124908 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124908>Article Link</a> The International Energy Agency is interested in deepening its ties with emerging economies, as changes to supply and demand trends increase their role in global energy markets, the group said in a statement published on its web site Friday. (more…)

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Managing the European energy equation http://www.opalesque.com/Commodities_Briefing/?p=124907 http://www.opalesque.com/Commodities_Briefing/?p=124907#comments Mon, 08 Apr 2013 03:29:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124907 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124907>Article Link</a> Power and gas markets in the European Union are undergoing a period of substantial change due to political intervention, expansion of market reach, and uncertain supply and demand dynamics. Power and gas companies now require advanced technology to overcome challenges that threaten to remove unprepared participants from the market. (more…)

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The fuel of the future: Environmental lunacy in Europe http://www.opalesque.com/Commodities_Briefing/?p=124876 http://www.opalesque.com/Commodities_Briefing/?p=124876#comments Fri, 05 Apr 2013 04:07:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124876 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124876>Article Link</a> Which source of renewable energy is most important to the European Union? Solar power, perhaps? (Europe has three-quarters of the world’s total installed capacity of solar photovoltaic energy.) Or wind? (Germany trebled its wind-power capacity in the past decade.) The answer is neither. By far the largest so-called renewable fuel used in Europe is wood. (more…)

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Global energy demand undergoing rapid change http://www.opalesque.com/Commodities_Briefing/?p=124867 http://www.opalesque.com/Commodities_Briefing/?p=124867#comments Thu, 04 Apr 2013 03:46:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124867 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124867>Article Link</a> The world’s energy demand is growing with increasing population and rapid development in emerging markets. Today, about 1.1 billion people in the developed world consume 110 million barrels of oil equivalent per day (boe/d) in primary energy. (more…)

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BRIC’s rising energy superpower – Brazil http://www.opalesque.com/Commodities_Briefing/?p=124821 http://www.opalesque.com/Commodities_Briefing/?p=124821#comments Tue, 02 Apr 2013 02:09:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124821 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124821>Article Link</a> The BRIC (Brazil, the Russian Federation, India and China) is an interesting political and economic conglomeration. Currently, only the Russian Federation is a major oil exporter, while the ongoing prosperity of both China and India depends on continued access to reliable sources of oil and natural gas imports. (more…)

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Asian LNG demand uncertain, says IEA analyst http://www.opalesque.com/Commodities_Briefing/?p=124820 http://www.opalesque.com/Commodities_Briefing/?p=124820#comments Tue, 02 Apr 2013 02:09:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124820 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124820>Article Link</a> The market for liquefied natural gas (LNG) in Asia faces uncertainty on a number of fronts, even as gas projects worldwide are seeking customers there, International Energy Agency (IEA) analyst Anne-Sophie Corbeau told Canada’s Financial Post this week. (more…)

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The IMF vs. energy subsidies http://www.opalesque.com/Commodities_Briefing/?p=124819 http://www.opalesque.com/Commodities_Briefing/?p=124819#comments Tue, 02 Apr 2013 02:09:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124819 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124819>Article Link</a> The IMF jumps into the climate change debate with a headline-grabbing carbon tax proposal; Dr John Abrahams talks to us about climate change realities; the idea of the self-driving car gains traction; Shell announces $1 billion annual spending plan on Chinese shale; and a sneak preview of this week’s premium offerings… (more…)

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Are coal producers doing an OPEC? http://www.opalesque.com/Commodities_Briefing/?p=124818 http://www.opalesque.com/Commodities_Briefing/?p=124818#comments Tue, 02 Apr 2013 02:08:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124818 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124818>Article Link</a> The coal exporters – Australia, South Africa, Indonesia and Mosambique – have come out with regulations in the past few months that make the price of the fuel coming from these nations at similar levels. (more…)

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IEA expects global natural gas revolution http://www.opalesque.com/Commodities_Briefing/?p=124750 http://www.opalesque.com/Commodities_Briefing/?p=124750#comments Tue, 26 Mar 2013 04:11:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124750 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124750>Article Link</a> Natural gas is positioned to make a sustained impact on the global energy market but only if it’s developed responsibly, the IEA executive director said. (more…)

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Energy from politics? http://www.opalesque.com/Commodities_Briefing/?p=124749 http://www.opalesque.com/Commodities_Briefing/?p=124749#comments Tue, 26 Mar 2013 04:10:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124749 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124749>Article Link</a> From a president who seems to think energy comes from politics, yet another innovation emerged Mar. 15 in a speech at the Argonne National Laboratory in Lemont, Ill. “The only way to really break this cycle of spiking gas prices,” said President Barack Obama, “the only way to break that cycle for good is to shift our cars entirely—our cars and trucks—off oil.” (more…)

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LNG the next ‘boom’ http://www.opalesque.com/Commodities_Briefing/?p=124694 http://www.opalesque.com/Commodities_Briefing/?p=124694#comments Thu, 21 Mar 2013 03:45:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124694 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124694>Article Link</a> Liquefied natural gas (LNG) looks set to become our most important export over the next five years, as the resources boom slowly deflates, and several LNG projects come online. (more…)

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Why oil-rich countries are investing in solar http://www.opalesque.com/Commodities_Briefing/?p=124670 http://www.opalesque.com/Commodities_Briefing/?p=124670#comments Wed, 20 Mar 2013 02:10:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124670 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124670>Article Link</a> This week, the world’s largest concentrated solar planet went into operation. Shams 1 is a massive 100-megawatt power plant in Abu Dhabi with some impressive numbers. The $750 million project produces enough energy to power 20,000 homes and stretches across an area of desert, west of the United Arab Emirates capital, the size of 285 football fields. (more…)

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IEA sees a slow growth in Venezuelan oil capacity even in a post-Chavez world http://www.opalesque.com/Commodities_Briefing/?p=124615 http://www.opalesque.com/Commodities_Briefing/?p=124615#comments Fri, 15 Mar 2013 03:27:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124615 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124615>Article Link</a> The International Energy Agency marked the passing of Venezuela’s President Hugo Chavez by adding its voice to a wealth of editorials pointing to a neglected oil industry which has sapped the country’s output and capacity. (more…)

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Global energy demand set to increase by 33pct http://www.opalesque.com/Commodities_Briefing/?p=124541 http://www.opalesque.com/Commodities_Briefing/?p=124541#comments Mon, 11 Mar 2013 04:19:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124541 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124541>Article Link</a> Global energy use is set to expand by 33 percent between 2011 and 2035 with an average growth rate of 1.3 percent per annum, said Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance, Minister in Charge of Oil and Gas Affairs, Bahrain. (more…)

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OPEC failing to make energy transitions http://www.opalesque.com/Commodities_Briefing/?p=124466 http://www.opalesque.com/Commodities_Briefing/?p=124466#comments Tue, 05 Mar 2013 03:38:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124466 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124466>Article Link</a> A new report by countries by the World Economic Forum has criticized the OPEC-member countries of failing to adjust to the changing energy architectures and renewable energy sources. (more…)

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What coal CEOs are saying entering 2013 http://www.opalesque.com/Commodities_Briefing/?p=124465 http://www.opalesque.com/Commodities_Briefing/?p=124465#comments Tue, 05 Mar 2013 03:37:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124465 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124465>Article Link</a> Coal has been beaten up in the media and the markets over the past year or so. Being outspoken against coal has been made easy by cheaper, cleaner-burning natural gas, which has been produced in abundance here in the United States recently. (more…)

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Let the market decide our energy sources http://www.opalesque.com/Commodities_Briefing/?p=124440 http://www.opalesque.com/Commodities_Briefing/?p=124440#comments Mon, 04 Mar 2013 03:57:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124440 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124440>Article Link</a> For the past 40 years, since the Arab oil embargo of 1973, Opec has conspired to set the global price of oil. The rest of the world has simply observed this staggering restraint of trade and done nothing. (more…)

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A fund managers guide to winning in the energy markets in 2013 http://www.opalesque.com/Commodities_Briefing/?p=124296 http://www.opalesque.com/Commodities_Briefing/?p=124296#comments Thu, 21 Feb 2013 02:30:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124296>Article Link</a> Times may be tough for energy commodities, but Encompass Fund Managers Malcolm Gissen and Marshall Berol are hard-core survivors. In this interview with The Energy Report, the dynamic duo share their tactics for winning in 2013 after decades of experience investing in uranium, oil and gas, coal, hydroelectric and geothermal energy. (more…)

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Coal still king, at least outside the OECD. http://www.opalesque.com/Commodities_Briefing/?p=124237 http://www.opalesque.com/Commodities_Briefing/?p=124237#comments Mon, 18 Feb 2013 01:26:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124237 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124237>Article Link</a> Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency concludes in its latest annual Medium-Term Coal Market Report (MCMR), covering the period 2012-2017. (more…)

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Oil in China: Smog and mirrors http://www.opalesque.com/Commodities_Briefing/?p=124221 http://www.opalesque.com/Commodities_Briefing/?p=124221#comments Fri, 15 Feb 2013 03:29:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124221 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124221>Article Link</a> Fu Chengyu has global ambitions. In 2005 he led CNOOC, a state-run Chinese energy giant, to make an audacious takeover bid for Unocal, an American oil-and-gas firm. That provoked a protectionist backlash, and CNOOC retreated. (It has since won approval to buy Nexen, a Canadian energy firm.) (more…)

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EU should seek 100 percent green energy by 2050: WWF http://www.opalesque.com/Commodities_Briefing/?p=124193 http://www.opalesque.com/Commodities_Briefing/?p=124193#comments Thu, 14 Feb 2013 03:35:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124193 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124193>Article Link</a> One-hundred percent green energy for the European Union is realistic by the middle of the century provided the bloc signs up to ambitious energy policy goals for 2030, conservation body WWF said in a report on Thursday. (more…)

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Energy risk commodity rankings 2013 – energy http://www.opalesque.com/Commodities_Briefing/?p=124192 http://www.opalesque.com/Commodities_Briefing/?p=124192#comments Thu, 14 Feb 2013 03:35:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124192 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124192>Article Link</a> Muted volatility, sluggish trading activity and regulatory changes have conspired to create a tough environment for energy market participants over the past year. That has fuelled a lot of movement in this year’s Risk and Energy Risk Commodity Rankings, with some banks seeing their fortunes fall significantly. (more…)

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New era in global energy and commodity trading http://www.opalesque.com/Commodities_Briefing/?p=124161 http://www.opalesque.com/Commodities_Briefing/?p=124161#comments Tue, 12 Feb 2013 04:20:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124161 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124161>Article Link</a> The traders’ role in energy and commodities trading is changing rapidly, while physical trading has entered a new era of sophistication and scale. In a newly released and first-time study, Deloitte in Switzerland, the business advisory firm, has analysed the current issues and trends of one of the most important global and Swiss trading sectors. (more…)

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Wind power capacity grew 20pct globally in 2012, figures show http://www.opalesque.com/Commodities_Briefing/?p=124156 http://www.opalesque.com/Commodities_Briefing/?p=124156#comments Tue, 12 Feb 2013 04:19:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124156 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124156>Article Link</a> A relative slowdown in new wind turbine construction in China was offset by increases in the US, Germany, India and the UK. Wind power expanded by almost 20% in 2012 around the world to reach a new peak of 282 gigawatts (GW) of total installed capacity, while solar power reached more than 100GW, having more than doubled in two years. (more…)

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Renewables will shift the global superpowers http://www.opalesque.com/Commodities_Briefing/?p=124138 http://www.opalesque.com/Commodities_Briefing/?p=124138#comments Mon, 11 Feb 2013 03:28:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124138 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124138>Article Link</a> The world’s superpowers have traditionally relied on those countries rich in energy. But as the world moves to renewables, who will emerge as the new leading nations? “[O]ur oil addition is not just changing the climate system; it is also changing the international system… First, and most important, through our energy purchases we are helping to strengthen the most intolerant, antimodern, anti-Western, anti-women’s rights, and antipluralistic strain of Islam - the strain propagated by Saudi Arabia. (more…)

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World thirst for energy http://www.opalesque.com/Commodities_Briefing/?p=124098 http://www.opalesque.com/Commodities_Briefing/?p=124098#comments Thu, 07 Feb 2013 02:12:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124098 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124098>Article Link</a> As the global economy slowly recovers from the 2008 financial crisis, indicators point to a significant mid- and long-term rise in energy consumption, specifically in oil and natural gas. Despite recent developments in renewable energy resources and the increasing production of hydrocarbon from shale reserves, it looks likely that both consumption and prices will climb higher over the coming decades. (more…)

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China accounts for nearly half global coal consumption http://www.opalesque.com/Commodities_Briefing/?p=124004 http://www.opalesque.com/Commodities_Briefing/?p=124004#comments Thu, 31 Jan 2013 03:44:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124004 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124004>Article Link</a> According to new U.S. Energy Information Administration data, China burns nearly as much coal as the rest of the world combined. Coal consumption grew in the country for the 12th year in a row in 2011 and accounted for 87 percent of the 374 million ton global increase in coal use in 2011. (more…)

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Water demand for energy to double by 2035 http://www.opalesque.com/Commodities_Briefing/?p=124003 http://www.opalesque.com/Commodities_Briefing/?p=124003#comments Thu, 31 Jan 2013 03:44:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124003 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124003>Article Link</a> The amount of fresh water consumed for world energy production is on track to double within the next 25 years, the International Energy Agency (IEA) projects. And even though fracking—high-pressure hydraulic fracturing of underground rock formations for natural gas and oil—might grab headlines, IEA sees its future impact as relatively small. (more…)

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China now burning as much coal as the rest of the world combined http://www.opalesque.com/Commodities_Briefing/?p=123980 http://www.opalesque.com/Commodities_Briefing/?p=123980#comments Wed, 30 Jan 2013 01:38:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123980 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123980>Article Link</a> China’s coal use grew 9 percent in 2011, rising to 3.8 billion tons. At this point, the country is burning nearly as much coal as the rest of the world combined. (more…)

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Will “Saudi America” become a reality? http://www.opalesque.com/Commodities_Briefing/?p=123960 http://www.opalesque.com/Commodities_Briefing/?p=123960#comments Tue, 29 Jan 2013 03:47:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123960 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123960>Article Link</a> U.S. energy independence has been a dream since the oil embargoes of the 1970s. But this vision of a “Saudi America” has always been just a dream. Investors and non-investors alike started talking in earnest about realizing that dream last November. That was after the International Energy Agency’s (IEA) latest World Energy Outlook said that the U.S. would overtake both Saudi Arabia and Russia in oil output by the second half of this decade. (more…)

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Why coal isn’t going anywhere http://www.opalesque.com/Commodities_Briefing/?p=123928 http://www.opalesque.com/Commodities_Briefing/?p=123928#comments Fri, 25 Jan 2013 01:05:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123928 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123928>Article Link</a> The coal industry has taken a beating in recent years. The discovery of natural gas in the U.S. has reduced the role of coal in the electric power industry: In 2012, the demand for coal has declined and coal companies, such as Arch Coal, have suffered from this drop in consumption. So, is it time to count out coal? I think this sentiment is premature. (more…)

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Why IEA’s optimism doesn’t make sense http://www.opalesque.com/Commodities_Briefing/?p=123910 http://www.opalesque.com/Commodities_Briefing/?p=123910#comments Thu, 24 Jan 2013 04:05:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123910 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123910>Article Link</a> The International Energy Agency, or IEA, is predicting a growth in global oil demand in 2013, a growth led by a resurgent Chinese economy. The Paris-based intergovernmental agency predicts that average world oil demand this year will shoot up by 930,000 barrels per day from 2012 levels. (more…)

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Will coal surpass oil as the world’s top energy source? http://www.opalesque.com/Commodities_Briefing/?p=123909 http://www.opalesque.com/Commodities_Briefing/?p=123909#comments Thu, 24 Jan 2013 04:05:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123909 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123909>Article Link</a> According to a recent report from the International Energy Agency (IEA), demand for energy has been increasing steadily since 2000, and coal supplies account for nearly half of the incremental primary energy supply globally. Coal demand grew 4.3 percent in 2011 alone and is unlikely to decrease in the foreseeable future. (more…)

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China leads faster global energy efficiency gains-BP http://www.opalesque.com/Commodities_Briefing/?p=123809 http://www.opalesque.com/Commodities_Briefing/?p=123809#comments Thu, 17 Jan 2013 02:27:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123809 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123809>Article Link</a> Accelerating global energy efficiency means fuel use is rising far slower than prosperity, largely because Chinese industrial development is increasingly energy efficient, a study by oil company BP Plc found. (more…)

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Clean energy investment fell 11pct in 2012 http://www.opalesque.com/Commodities_Briefing/?p=123767 http://www.opalesque.com/Commodities_Briefing/?p=123767#comments Tue, 15 Jan 2013 03:35:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123767 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123767>Article Link</a> Investment in clean energy projects dipped 11 per cent last year, according to new figures from Bloomberg New Energy Finance (BNEF), which confirmed the $268.7bn invested still made 2012 the second most successful year on record for the global clean energy sector. (more…)

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Coal fortunes are on the rise http://www.opalesque.com/Commodities_Briefing/?p=123745 http://www.opalesque.com/Commodities_Briefing/?p=123745#comments Mon, 14 Jan 2013 03:37:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123745 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123745>Article Link</a> While oil and gas producers were busy watching for the evolution of prices and supply and demand fundamentals for their commodities, coal fortunes have been on the rise and are likely to continue so. This is contrary to expectation due to the complex environmental problems of burning coal and the usually higher investment required for its use. (more…)

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IEA: Energy policies can strengthen Middle East economy http://www.opalesque.com/Commodities_Briefing/?p=123722 http://www.opalesque.com/Commodities_Briefing/?p=123722#comments Fri, 11 Jan 2013 04:10:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123722 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123722>Article Link</a> Energy policies can strengthen economies of the Middle East and North Africa and help the regions make the best use of fossil fuels and renewable resources. (more…)

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UAE OPEC governor: Little room for large increase in energy Demand In 2013 http://www.opalesque.com/Commodities_Briefing/?p=123705 http://www.opalesque.com/Commodities_Briefing/?p=123705#comments Thu, 10 Jan 2013 03:47:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123705 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123705>Article Link</a> Moderate and slow recovery of the global economy will only allow for a modest increase in energy demand this year, the United Arab Emirates’ governor for the Organization of the Petroleum Exporting Countries said Wednesday. (more…)

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US to become ‘net energy exporter’ http://www.opalesque.com/Commodities_Briefing/?p=123666 http://www.opalesque.com/Commodities_Briefing/?p=123666#comments Tue, 08 Jan 2013 01:41:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123666 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123666>Article Link</a> Some industry veterans believe it’s the biggest development in the energy game since 1859, when the first US oil well gushed from beneath the earth in Titusville, Pennsylvania. (more…)

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5 biofuel trends to watch out for in 2013 http://www.opalesque.com/Commodities_Briefing/?p=123665 http://www.opalesque.com/Commodities_Briefing/?p=123665#comments Tue, 08 Jan 2013 01:41:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123665 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123665>Article Link</a> Despite a relatively down year with respect to investment and production capacity expansion, the biofuels industry grew modestly in 2012, continuing a shift from first generation facilities to next generation, advanced biorefineries. (more…)

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Coal to overtake oil by 2017: IEA http://www.opalesque.com/Commodities_Briefing/?p=123664 http://www.opalesque.com/Commodities_Briefing/?p=123664#comments Tue, 08 Jan 2013 01:40:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123664 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123664>Article Link</a> More than 8,000 jobs have been stripped from Australia’s coal sector in the past 6 months and heading into 2013 the industry continues to feel the pressure. Australian coal companies are struggling to compete on the global stage, facing increasing competition from the United States, a drop in coal prices, a high Aussie dollar and rising operation costs. (more…)

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Coal in the rich world: The mixed fortunes of a fuel http://www.opalesque.com/Commodities_Briefing/?p=123647 http://www.opalesque.com/Commodities_Briefing/?p=123647#comments Mon, 07 Jan 2013 04:03:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123647 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123647>Article Link</a> Why is the world’s most harmful fossil fuel being burned less in America and more in Europe? In a high-tech world, dirty black lumps of coal might seem like an anachronism. Yet coal is far from a thing of the past. However whizzy your iPad, your wall-mounted television or your electric car, the chances are that it is powered by the stuff. Coal-fired power stations provide two-fifths of the world’s electricity, and there are ever more of them. (more…)

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No country today can fully be energy independent http://www.opalesque.com/Commodities_Briefing/?p=123613 http://www.opalesque.com/Commodities_Briefing/?p=123613#comments Thu, 03 Jan 2013 01:07:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123613 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123613>Article Link</a> In OPEC’s recent World Oil Outlook, published in November 2012, over the period 2010-2035 primary energy demand in the reference case increases by 54 per cent. In terms of oil, demand increases by over 20 mbd for the period 2010-2035, reaching 107.3 mbd by 2035. The region of developing Asia is expected to contribute 87 per cent of this increase. (more…)

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