Section
Climate policy, energy markets, and the grid.
4 articles archived. Newest first.
Abu Dhabi has spent five years building 1.6 million barrels per day of capacity it could not legally use. Today it leaves OPEC to use it. Saudi Arabia loses its only swing-capacity partner at the moment Hormuz is closed and the demand peak is becoming visible.
SPP's consolidated planning is the first credible test of whether the interconnection bottleneck is process or politics; if it works, $500B of stranded renewables ships.
A 10-million-barrel-per-day disruption reveals traders had not hedged for a tail risk they explicitly modeled.
Geopolitical tensions halt one-third of global seaborne oil trade; prices hit seven-month highs despite demand forecasts declining