trending Market Intelligence /marketintelligence/en/news-insights/trending/ru6vFAc3DEECndE3I_z3-A2 content esgSubNav
In This List

PM Edition: IEA trims oil demand forecast; coal group takes aim at natural gas

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


PM Edition: IEA trims oil demand forecast; coal group takes aim at natural gas

Top News

IEA trims 2020 global oil demand growth forecast

In its latest Oil Market Report, the Paris-based International Energy Agency revised its global oil demand growth outlook for 2019 and 2020. The agency said oil demand growth should rise by 1.0 million barrels per day this year and by 1.2 million bbl/d in 2020. The IEA said the reduction for 2019 is due mainly to a technical adjustment that indicates higher U.S. demand in 2018, which has depressed this year's growth figure.

In La. gubernatorial race, GOP candidates push Dem incumbent on coastal suits

Three candidates in Louisiana's race for governor agree that the oil and gas industry is critical for the state's economy, but coastal parishes are demanding that energy companies restore land. Those communities have filed more than 40 lawsuits alleging that Exxon Mobil Corp. and ConocoPhillips activities have caused coastal erosion and damage to the state's wetlands. Republican challengers are using the issue as political ammo against incumbent Democratic Gov. John Bel Edwards.

PacifiCorp's plan to retire coal units may signal battery storage viability

PacifiCorp's plan to retire nearly 2,800 MW of coal-fired generation by 2030 and nearly 4,500 MW by 2038 to pave the way for renewable energy and battery storage capacity could undercut the coal sector's argument that the fuel is necessary for reliable energy generation.

Other energy headlines

* Industry trade group Count on Coal took aim at the natural gas industry in a blog post that said relying on natural gas to limit carbon emissions at the cost of coal industry jobs "has proven to be not much of a climate plan."

* BP PLC's announced write-down of $3 billion in the third quarter because of recent divestment highlights the challenging nature of the M&A environment.

* National Fuel Gas Co.'s failure to win a change of venue to reconsider New York state's permit denial for its Northern Access gas pipeline will not delay the planned startup of the project.

ChartWatch

SNL Image

The U.K. is preparing to auction off new areas of its seabed for offshore wind development, and record-high prices for the leases off the coast of Massachusetts are influencing the structure of the U.K. auction. Developers that include Equinor ASA and a joint venture of Royal Dutch Shell PLC and EDP Renováveis SA bid a collective $405.1 million for three sites in the U.S., and a shockwave from those prices is being felt across the pond.

Research and data

* Minimal deal activity barely budges utility M&A adviser rankings in Q3'19

* Bank of America maintains top rank as oil, gas debt deals rebound in Q3'19

* Voluntary legislative and utility targets to drive Colorado renewable growth

Top pick of the day

Xcel Energy's path to carbon-free power leans on natural gas

This extra edition of the Daily Dose has an editorial deadline of 1:30 p.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.