We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Energy Subsidies
    Energy prices: Pump aligning

    In oil-exporting countries, which are particularly generous (the Middle East and north Africa account for half of the world’s energy subsidies), people are more likely to accept budget cutbacks because the economy as a whole is struggling with lower prices, says Jim Krane of Rice University. However, lower energy prices make subsidies cheaper. That can make it tempting to postpone hard decisions. Of the 19 oil exporters tracked by Mr Krane, only a handful started to cut subsidies in 2014.

  • U.S. - Saudi
    Saudi oil minister holds talks with U.S. energy deputy

    Saudi Oil Minister Ali al-Naimi met U.S. Deputy Energy Secretary Elizabeth Sherwood-Randall on Tuesday in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reported.

  • Global Oil Production
    MAP: Middle East Energy Production, Chokepoints

    The countries in the Middle East are sitting on oceans of oil and gas. So, whenever there's any news about escalating tension or turmoil in the Middle East, we can't help but wonder how much energy is exposed to disruption. This map helps to answer those questions.

  • Ali Al-Naimi
    Energy Personality of the Year: Ali al-Naimi

    According to the conventional analysis of Saudi power, Mr Naimi could at any point in the last six months have decided to cut Saudi production to stabilise the market at whatever level he chose. The fact that he has not done so opens up a cascade of consequences which are only just beginning to work through the system.

  • Cyber Attacks
    Exclusive: Iran hackers may target U.S. energy, defense firms, FBI warns

    The Federal Bureau of Investigation has warned U.S. businesses to be on the alert for a sophisticated Iranian hacking operation whose targets include defense contractors, energy firms and educational institutions, according to a confidential agency document.

  • U.S. Energy
    Energy Firms in Secretive Alliance With Attorneys General

    The email exchange from October 2011, obtained through an open-records request, offers a hint of the unprecedented, secretive alliance that Mr. Pruitt and other Republican attorneys general have formed with some of the nation’s top energy producers to push back against the Obama regulatory agenda, an investigation by The New York Times has found.

  • Cyber Attacks
    Report: Iran Hackers Infiltrated Airlines, Energy, Defense Firms

    An Iranian hacker group has breached airlines, energy companies, defense firms and even the US Navy-Marine Corps Intranet, according to the US cyber security firm Cylance. The firm says these attacks — dubbed Operation Cleaver — showcase a dangerous leap forward in Tehran’s cyber skills as it seeks to retaliate against Western cyber attacks on its nuclear program. The goal of these attacks was apparently infiltration and information gathering, with motives beyond intellectual property theft.

  • GCC and Oil Markets
    The New Energy Revolution and the Gulf

    The U.S. boom has a profound strategic impact on the GCC. It feeds an existing narrative of a coming U.S. abandonment of the Gulf and a need to find alternatives to U.S. security partnerships. For the Gulf states, no ready alternatives are apparent. In part as a consequence, the Gulf states are increasingly proactive in the economics and politics of surrounding states, which has its own impact on U.S. diplomatic and security policy in the Middle East.

  • Global Oil Markets
    2015 global oil balance loosens considerably in latest Short-Term Energy Outlook

    EIA’s recently released November Short-Term Energy Outlook (STEO) projects that Brent crude prices will average $83/barrel in 2015, $18/barrel lower than last month’s outlook for 2015. STEO projects prices to remain in the $80 to $90 per barrel range next year, bottoming out under $82/barrel in the second quarter when balances are loosest and then increasing during the second half of 2015 to average $86/barrel in the fourth quarter.

  • Saudi Arabia and Alternative Energy
    Saudi Arabia Wants to Become a Major Producer of Alternative Energy

    Currently, natural gas provides around 43% of Saudi electricity, with fuel oil and diesel providing the rest, reports the IEA in a separate article. Electricity use has been increasing at 7.5% annually, adding to the already large demand in the kingdom. In 2011, Saudi electricity demand was at about 7,420 kWh per capita, more than three times as high Mexico’s per capita use, despite having similar total levels of consumption. Eighty percent of this consumption comes from Saudi’s building sector, with 70% of that coming from running air conditioning units, according to IEA reports . Because such a large amount of the electricity consumed in Saudi Arabia is linked to air conditioning, the peak demand for energy in the summer can be as much as twice the average demand in winter.