Resilience Summit in New Zealand 16-17 March 2016

Resilience in the Energy Sector is growing in importance as is demonstrated by the calibre of delegates gathering in New Zealand’s capital next month for the Asia-Pacific Energy Leaders’ Summit hosted by the BusinessNZ Energy Council our New Zealand...

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Brazil Workshop attracts wide audience

The Brazilian member committee recently held a workshop looking at the future of energy in Brazil to 2060, based on the Council’s Scenarios and Trilemma. The event included presentations by Professor Karl Rose, Senior Director for Scenarios and Policies,...

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WTI heads for longest run of monthly losses in a year

 U.S. crude futures slipped, heading for their longest run of monthly losses in a year as a further pullback in drilling failed to allay speculation that markets will remain oversupplied. West Texas Intermediate futures dropped 1% and are down...

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What a Saudi oil-supply freeze would really mean for markets

Saudi Arabia shot down rumors it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s biggest exporter already pumping near-record volumes, that may not...

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Iran calls proposed Saudi-Russian oil-output freeze ‘ridiculous’

Iran called a proposal by Saudi Arabia and Russia to freeze oil production “ridiculous” as it seeks to boost its own output after years of sanctions constrained sales. The proposal by Saudi Arabia, Russia, Venezuela and Qatar for oil producers to...

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Unconventional gas is structurally changing global gas markets

The growth of unconventional gas is spreading across the world with major implications over many years for markets and prices according to a new World Energy Council study, “Unconventional Gas, A Global Phenomenon,” which looks at where and how fast...

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BIO DIESEL INDONESIA

Indonesia will increase the mandated amount of biofuel in diesel to 20% next year from 15%. Rising biodiesel consumption may help extend palm oil’s advance. Palm oil exports from Indonesia, the world’s biggest producer, may decline for the first time...

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WHY THE OIL PRICE IS FALLING

          Four things are now affecting the picture. Demand is low because of weak economic activity, increased efficiency, and a growing switch away from oil to other fuels. Second, turmoil in Iraq and Libya—two big oil...

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