Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom that has reshaped the global energy markets over the last 15 years. But drilling innovations will ensure that the output of America's most prolific patch of oil will remain stable for many years. In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration reported that the Permian Basin, which spans West Texas…
State researcher: China's oil demand will plateau in 2030.
A research group affiliated with the state 'oil'major CNPC announced on Thursday that China's oil consumption will?plateau? between 2025 and 2030 as electric vehicles reduce the demand for gasoline and Diesel. Haibo Wang is the director of oil?market?research for CNPC Economics & Technology Research Institute. She said that most of China's additional demand for oil came from jet -fuel and petrochemicals. He added that the apparent consumption of oil is expected to rise to 760 million tonnes in 2025.
Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom that has reshaped the global energy markets over the last 15 years. But drilling innovations mean that output in America's largest oil patch will remain stable for many years. In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration reported that the Permian Basin, which spans West Texas…
China's giant polysilicon companies set up an acquisition firm to combat oversupply
Local media reported that Chinese polysilicon manufacturers have established an acquisition?company in order to help restructure a sector plagued by an oversupply. However, it is unclear whether the firm has any concrete plans to purchase and shut down excess capacity. According to the business registration platform Qichacha, Beijing Guanghe Qiancheng Technology was registered on December 9, with assets of 3 billion yuan (424.7 million dollars) and 10 shareholders.
The US government is under pressure from the Fusion Energy Industry to provide billions of dollars in support
On Monday, fusion energy industry leaders met U.S. Department of Energy representatives to encourage them to provide billions of dollars to projects that seek to?generate electrical power by the same process as the sun. In November, the?department?created an Office of Fusion as part of a reorganization which focused on fossil and nuclear energy. Renewable energy offices were eliminated. The Trump administration has reversed billions in funding that former President Joe Biden authorized for?hydrogen- and renewable energy projects.
Report: China invested $80 billion in cleantech overseas last year
According to a recent report from the Australian research group Climate Energy Finance, Chinese companies have invested $80 billion overseas in clean technologies to help absorb an oversupply. According to the report published on Sunday, many countries have also intensified their cleantech collaboration with China as a result of U.S. president Donald Trump's new tariffs. This brings China's overseas direct investment in green technology up to more than 180 billion dollars since 2023.
Virginia data centers to replace coal where coal once reigned
Entrepreneurs are now looking at the rural area with the ambitious vision to rebuild its economic by converting the old mines into data centers and solar power systems that could help feed the growing power demand of the artificial-intelligence boom. A non-profit group called Energy DELTA Lab (Discovery, Education, Learning & Technology Accelerator), which is aiming to develop energy resources on approximately 65,000 acres in southwest Virginia, is currently working on such a project.
Indonesia reverses its decision to retire Cirebon coal-powered plant early
Indonesia's chief economic minister stated on Friday that it was unlikely to proceed with its plan to retire Cirebon-1 early. However, the country is evaluating other coal-fired power plants to be shut down early. Cirebon was seen as a case study for early retirements of coal-fired plants in developing nations under the Just Energy Transition Partnership, a G7 funded initiative. Indonesian authorities missed a deadline last year after originally agreeing to shut down Cirebon by 2035, seven years before its expected lifespan.
Inditex gains on November sales after European shares flatten out
The European stock market ended Wednesday with a largely stable performance, helped by technology gains that countered sharp declines in the financial sector. Inditex, on the other hand, surged to an almost one-year high after a successful start to winter sales. The pan-European STOXX 600 index closed 0.08% higher, at 576.13, while the major regional indices in Germany, France, and Italy each fell by 0.1%. Inditex, Zara's owner, reported a currency-adjusted growth of 10.6% for November, which includes Black Friday weekend.
Clean energy companies in India are seeking better weather data, as regulations tighten.
India's clean-energy producers highlighted the lack of weather forecasting models on Wednesday, while the power regulator proposed stricter rules for developers to adhere to their grid commitments. The Central Electricity Regulatory Commission in India, which regulates the power industry, has issued stricter rules for wind and solar energy producers. This is under the Deviation Settlement Mechanism. The draft framework was to be implemented from April 2026.
Tetra is considering a magnesium project in Arkansas with Pentagon-backed Magrathea
Tetra Technologies said on Tuesday that it may form a joint-venture with the Pentagon-backed startup Magrathea in order to build America's first magnesium refinery, and increase domestic supplies of this metal. U.S. Magnesium, a privately owned company, closed its Utah operation in 2022 due to environmental concerns. According to the U.S. Geological Survey, China produces 95% of all magnesium in the world. Magnesium is used as an alloy for steel and aluminium across the aerospace, energy, and defense sectors.
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. The Organization of the Petroleum Exporting Countries (OPEC+) and other major oil producing nations including Russia and Kazakhstan approved on Sunday a mechanism for assessing members' maximum output capacity. This will be used from 2027 to establish baselines. It may appear to be a very technical issue.
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among its members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. OPEC+ (Organization of the Petroleum Exporting Countries) and other major oil producing nations including Russia and Kazakhstan approved a new method to determine the maximum production capacity of members. This will be used from 2027 to establish baselines for output. It may appear to be a very technical issue.
Russell: Silver outperforms Gold for the precious metal podium
Silver is often referred to as the bridesmaid of gold on precious metal markets. Its more popular rival seems to overshadow its less talked about counterpart. Silver is outperforming gold quietly in terms of returns for investors. It may also have a better long-term outlook, given the structural deficit in supply and the surge in demand from renewable technologies like solar panels. Since October 2023, spot silver has been on a steady upward trend.
Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels. It was never going to be easy to bring nearly 200 countries together with vastly different perspectives and make a statement of commitment to fight climate change. After the Belem summit, the question that needs to be asked is, does what the final statement says and doesn't state, really matter?
U.S. Companies hold their line in climate talks despite Trump
Despite the U.S. Government's deterioration on climate change ahead of the COP30 Summit, American companies didn't shy away. According to an analysis of the attendance lists, there were 60 Fortune 100 representatives at this year's event in Brazil, as opposed to 50 last year at Baku, Azerbaijan. Others attended pre-conferences in Brazil's financial hub Sao Paulo, and Rio de Janeiro. On a U.N. provisional list of summit attendees, Microsoft, Google, Occidental Petroleum and General Motors were all represented.
Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels. It was never going to be easy to bring nearly 200 countries together with vastly different perspectives and make a statement of commitment to fight climate change. After the Belem summit, the question that needs to be asked is, does what the final statement says and doesn't state, really matter?
INSIGHT- West scrambles fill the heavy rare earth gap, as China rivalry intensifies
Western efforts to create a domestic magnets supply chain in order to reduce their reliance on China, led by the massive U.S. support for Nevada-based MP Materials, are running into a major problem: a scarcity of heavy rare earth elements. United States and its allies are scrambling to find an alternative supply chain for super-strong rare earth magnetic components, which are essential in everything from electric vehicles and defence technology to electronics and windmills.
Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum
According to a document that was seen by us, Elon Musk of Tesla and Jensen Huang of Nvidia will be taking part in a panel discussion about artificial intelligence and technology on Wednesday at the U.S. Saudi Arabia Investment Forum in Washington. The document stated that "This conversation will examine the emerging forces shaping a new wave of technological advancement, highlighting architectures, models and investments driving a more…
China's electricity consumption in October is up 10.4% due to a surge in household power usage
The energy regulator reported that China's power consumption in October was up 10.4% compared to the same period last year. This increase is attributed to a surge in consumption by households, industries such as information technology, and consumers who charge and swap batteries. In a Wechat posting, the National Energy Administration (NEA), said that October's power consumption totaled 857.2 billion kilowatt hours (kWh). The fastest growth in consumption was seen by urban and rural households, with a 23.9% increase on the previous year.