ENERGY

Authored by Irina Slav via OilPrice.com,

• In its latest World Energy Outlook, the International Energy Agency has reiterated its claim that crude oil, natural gas, and coal demand will peak before 2030.

• The agency sees the emergence of a new clean energy economy as providing hope for the way forward, emphasizing the economic case for clean energy technologies.

• The report focuses on the importance of resilience and energy security, particularly due to the geopolitical (more…)

The prospect of more crude from Venezuela and higher US crude inventories has been pressuring the physical side; and the lack of WW3 as the first signs of aid reaching Palestinians in Gaza appears to be eating away at the geopolitical risk premia baked into the flat price.

WTI remains above its pre-Israel level; but that premium is fading…

Concerns about the conflict spreading more broadly have eased amid growing calls within Israel to rethink a ground invasion of (more…)

Authored by FRE/RL Staff via OilPrice.com,

• The agreement signed in January 2023 between Bulgargaz and BOTAS is being scrutinized by the EU.

• Analysts had raised fears that the deal might allow a "back door" for Russian gas imports into Bulgaria.

• Bulgaria's Energy Ministry and Bulgargaz confirmed receiving a request for information from the European Commission regarding the gas deal.

The European Commission is investigating a deal allowing Bulgaria to (more…)