Oil stock release: What now?

The US has finally announced that it will be releasing 50MMbbls of crude oil from its Strategic Petroleum Reserve (SPR) to help lower prices. A handful of other countries have joined the US with this initiative. While releases are clearly bearish in the short term, the big unknown is how OPEC+ will respond, says ING. […]

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Phasing out coal

All scenarios that meet climate goals feature a rapid decline in coal use. It is the most carbon-intensive fuel, predominantly used in a sector – electricity generation – where renewable energy options are the most cost-effective new sources in most markets, the International energy Agency (IEA) said. IAC Desk

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