Oil Undervalued as Market Faces Deficit, Iran’s Supply at Risk, Analysts Warn

Conventional Energy, Latest, Oil, US News / By

Oil prices are undervalued due to a market deficit, with the potential risk to Iran’s supply from possible sanctions under U.S. President-elect Donald Trump, according to the heads of commodities research at Goldman Sachs and Morgan Stanley. “We think that oil prices are about $5 per barrel undervalued relative to the fair value based on …

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With Citgo Share Auction in Shambles, U.S. Court Readies Plan to Start Over

Latest, US News / By

Summary Court adviser proposes new bidding round beginning next month Opposition to Elliott affiliate’s offer prompts a re-launch Ownership change at oil refiner Citgo unlikely before mid-2025 (Reuters) – An auction of shares in a Citgo Petroleum (PDVSAC.UL) parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding …

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COP29: The Biggest Wins, The Biggest Losses

CDN and International News, Conferences, Events, Latest / By

After running more than 24 hours over time, COP29 finally sealed a deal on climate finance. By Siobhan Wagner Early on Sunday morning, negotiators from nearly 200 nations reached a deal to triple the amount of money available to help developing economies confront a rapidly warming world. This was the main focus of what was dubbed the Finance …

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Trump and the AI Power Boom Are Putting Utility Climate Goals at Risk

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas / By

Some US utilities say rising demand from data centers means fossil fuels will be needed for longer Big US utilities’ climate goals are in peril as artificial intelligence turbocharges electricity demand and Donald Trump’s reelection signals policy shifts that would favor fossil fuels. These companies all have ambitious targets to cut their carbon emissions, most often to reach …

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Trump Team Preparing Early Action to End Biden’s LNG Pause

Latest, LNG, Pinned Primary, US News / By

Executive order on energy could restart export permit approval Broad energy package planned for Trump’s first days in office President-elect Donald Trump’s transition team is crafting an executive order to lift a moratorium on natural gas export permits that was put in place by the Biden administration, people familiar with the matter said. The move …

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