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Offshore Oil and Gas on the Gulf Coast: Mitigating Risks with Data
In 2016, the US offshore oil and natural gas industries—which are heavily concentrated in the Gulf of Mexico— contributed 315,000 jobs and USD 30 billion to the US economy. These industries are...
A Rebound in Global Coal Demand in 2021 is Set to be Short-Lived, but no Immediate Decline in Sight
After a major drop in recent years, global coal demand is forecast to rise by 2.6 percent in 2021 before flattening out to 2025.
A global economic recovery in 2021 is expected to...
The Oil & Gas Industry Doesn’t Have a Bright Future
The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that...
Will the Historic Decisions Bring the Oil Industry Back From the Brink?
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary...
Oil Price Volatility Will Give a Boost to Renewables
Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi...
Oil and Gas Industry Needs to Step Up Climate Efforts Now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to...
Oil Market Report: Economic Woes Hold Sway Over Geopolitics
While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices...
IEA Launches New Tool for Tracking Oil and Gas-Related Methane Emissions Worldwide
The International Energy Agency has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas. The new “methane tracker” offers the most...
Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’
A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations.That’s according to new analysis by Global Witness,...
UK Offshore Oil and Gas Production up by a Fifth over past Five Years
UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.That’s according to a new report from Oil and Gas UK (OGUK),...
Could US Overtake Saudi Arabia as World’s Top Oil Exporter?
The US will start exporting more oil than Russia and could potentially overtake Saudi Arabia as the world’s top exporter in the next five years.The forecast from the International Energy Agency (IEA)...
Prosecco Production Is Destroying Soil in Some Italian Vineyards
Sorry to burst your bubbly, prosecco lovers, but skyrocketing demand for the sparkling wine might be sapping northeastern Italy’s vineyards of precious soil — 400 million kilograms of it per year, researchers...
U.S. Oil and Gas Industry Is Drilling Us Towards Climate Disaster
As the 116th Congress commences, in the wake of dire reports from climate scientists, the debate over U.S. climate policies has taken a welcome turn towards bold solutions. Spurred on by grassroots pressure from Indigenous communities, the...
Lithium-Ion Batteries Are Fast Becoming the Worlds New Oil
For an energy source that's been around for three decades, the lithium-ion battery is only just hitting its stride.It’s worked its way up from primitive cellular phones to cameras and laptops before...
What’s Worse Than Palm Oil for the Environment? Other Vegetable Oils, IUCN Study Finds
Banning palm oil in favor of other vegetable oils deemed less destructive to the environment could lead to greater biodiversity losses, a new report says.
The report by the International Union for the...
Think Big Oil’s a Problem? “Big Meat” Emits More Greenhouse Gas Than Most Countries
The meat and dairy industry now produces more greenhouse gas emissions worldwide than the transportation industry. For a chance to stave off global warming, we need to radically change how we produce...
