The World Petroleum Congress in Houston brought back a sense of normalcy to the energy sector as both the industry and the world continue to grapple with the coronavirus pandemic. But the other existential threat for fossil fuels is the burgeoning energy transition and switch to cleaner sources of power and fuels. At the conference, many oil and gas executives pushed back at the notion of a seamless transition, arguing that fossil fuels will be needed for many decades to come, and warning of price shocks and energy shortages if the world shifts too quickly.
Americas oil news director Jeff Mower, senior upstream editor Starr Spencer, and senior midstream editor Jordan Blum sat down to recap these themes from WPC and reflect on the slow shift toward in-person events again.
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Supply disruptions drive copper TC to three-year low; smelters may cut production
US power markets weather winter storms with more success
Brazil’s emergence as a dominant agriculture exporter
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Confidence returns to copper markets for now, outlook for 2024 still uncertain
Winter is coming, with little gas flowing from Russia...can the US meet Europe’s demand?
Buyers’ choice: Global oversupply of single-use plastics makes recycling uneconomical
El Niño spells dire straits for shippers at the Panama Canal
Summer slump: Global recycled polymer markets wait for western markets to find solid footing
Narrow margins are back for US gas, but will producers slow output?
How have early drought conditions impacted the US harvest?
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