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The impact of the war in the Middle East could lead to structural demand destruction on the world’s natural gas markets, the head of the Gas Exporting Countries’ Forum warned in the latest sign of the far-reaching impacts of the hostilities between the United States and Israel, and Iran. The war has already disrupted international gas flows because of the Strait of Hormuz closure and the strikes on energy infrastructure in the Persian Gulf, which were Iran’s retaliation for U.S. and Israeli strikes that began at the end of February.…
Nigeria is finally starting to fix a long-standing imbalance: a major crude exporter that couldn’t meet its own fuel demand. That shift is now materializing in hard numbers—and it is being driven entirely by the Dangote refinery, which is already running close to full capacity and shows little sign of slowing. In a market starved of refined products, this rising refining giant is quickly emerging as one of the few reliable sources in the current supply squeeze, particularly for Europe. In March, gasoline exports rose to 55,000 b/d while…
A transformation is taking place in clean energy and climate investing. The current energy crisis has shifted global energy priorities, with a newfound emphasis on energy security and resilience. As a result, flows of investing dollars are shifting away from new and innovative technologies toward tried and true energy sources and methods that fall under the purview of established and trusted entities. We are also seeing – at long last – a shift toward investing in much-needed energy infrastructure to support the world's fast-growing…
The global energy crisis could be fomenting a massive surge of clean energy tech adoption and innovation as countries around the world scramble to replace the fossil fuel imports they typically depend on. Thanks to the lengthy closure of the Strait of Hormuz – Tehran's response to the United States' and Israel's attack on Iran – the cost of oil and gas has skyrocketed in global markets as competition heats up over increasingly scarce supplies. This market shock is providing fresh incentive for a rapid clean energy transition, as home-grown…
The UK's development finance institution and impact investor, British International Investment, plans to mobilize about $20 billion in new capital into developing countries to help them with energy supply and boost climate initiatives. The new five-year strategy of the British International Investment (BII) is focused on accelerating the flow of private capital to developing countries, the UK development finance institution said on Thursday. Of the £15 billion, or $20 billion, of capital, BII will contribute up to $10.8 billion (£8…
