Daily Archives: March 15, 2010

Carola Hoyos

Iran’s energy minister on Monday advocated the Opec oil cartel keep its production targets unchanged at Wednesday’s meeting here in Vienna. Though many fellow oil ministers agree, coming from Iran, the statement is rather ironic.  Read more

Kate Mackenzie

Whether or not you agree with peak oil, a new paper by two economists, Joyce Dargay of University of Leeds and Dermot Gately of New York University, draws some rather dramatic conclusions. Unlike some economists, the pair do not buy the ‘peak demand’ idea. In fact they believe the IEA, EIA and Opec have all seriously underestimated future demand growth – by almost a third. And in large part it comes down to cars and other transport needs.  Read more

Kate Mackenzie

Although China was hardly the only country to be criticised for the weak outcome of the Copenhagen climate meeting, it is still clearly smarting over some of the accusations levelled at its role there, including an accusation in the Guardian by Mark Lynas that Premier Wen Jiabao frustrated proceedings in a crucial meeting on the final day by sending a ‘second-tier’ official.

New comments by Wen shed some light on China’s view of what happened at Copenhagen – but the overall picture remains murky.  Read more

Kate Mackenzie

On FT Energy Source:

- Demand forecasts: Up, up, up (illustratedRead more

Kate Mackenzie

…albeit in very small increments.

JBC Energy have once again published their handy chart of oil demand forecast revisions: Read more

Kate Mackenzie

International carbon offsets are never short of critics, from both the environmental movement and from those who oppose emissions curbs altogether. One of the main criticisms is that the credits don’t always represent actual emissions reductions, and two recent events have highlighted this can happen.  Read more

Kate Mackenzie

Japan’s cabinet on Friday approved a ‘basic bill’ outlining the government’s relatively ambitious plan to reduce greenhouse gas emissions by 25 per cent from 1990 levels by 2020; and by 80 per cent by 2050. But the goals are beset by criticisms familiar to other developed countries attempting to pass climate bills.  Read more

Kate Mackenzie

CNOOC to pay $3.1bn for Argentinian stake (FT)

Vattenfall sells of German power grid for €810m (FT)

PetroVietnam inks $1bn pipeline (FT)

Cash for UK carbon capture projects (FT)

Diplomatic snub against China at Copenhagen ‘still a mystery’ (Xinhua)

European naphtha jumps despite neutral crude (Argus)

Big auto and EU face off over green van targets (Reuters)

More Qatari LNG heads to South Hook (Argus)

Analysts expect Opec to hold quotas (Bloomberg) Read more