EIA says price forecast “highly uncertain” due to Russia, but expects Brent crude to average $117/barrel in March

The U.S. Energy Information Administration (EIA) said in its latest short-term outlook report that it expects the Brent price ot average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22) and fall to $89/b in 2023, but the price forecast was “highly uncertain” due to the situation in Ukraine […]

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Latest energy crisis makes supporting clean energy start-ups more important than ever – report

Periods of energy disruption, like the one we are seeing today, offer an opening for disruptive technologies and a helping hand for clean energy start-ups can help respond to the current energy crisis while also accelerating progress towards climate targets, a new IEA report said. How Governments Support Clean Energy Start-Ups provides a timely review […]

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IEA sees OPEC+ spare capacity gaining a bit in 2022

The International Energy Agency expects spare capacity in the OPEC+ alliance to rise by 180,000 barrels per day (bpd) next year to 50.55 million bpd, driven by hikes from Mideast Gulf producers, Reuters reported. “Saudi Arabia and Kuwait are expected to continue to build up production in the shared Neutral Zone, the UAE raises capacity […]

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