“At the same time that the global economy weakens, the flood-gates for US oil and gas production will be opened, further compounding the over-supply situation. On that basis, it seems likely that once again we will have a flat-lining or a lowering of the oil price in 2025”. So we wrote this time last year … Read more
One year ago, the USA voted in Donald Trump as its 47th President and with his election came a raft of promises around (what might be called) the re-fossilisation of the US economy. There would be a doubling down on oil, gas and coal production, whilst at the same time, renewables would be shunned. One … Read more
Do Turkeys ever vote for Christmas? Well, in the case of The Organisation of Petroleum Exporting Countries (OPEC), that might well be the case! Having shown considerable discipline over the last 5 years in maintaining production cuts to shore up global oil prices, this year has seen a complete reversal of this strategy. The first … Read more
In an election that was largely ignored by the rest of the world (because of their much noisier neighbours to the North), Mexico’s Claudia Sheinbaum took office this time last year as Mexico’s first female President. An Environmental Engineer and Climate Scientist by profession, the troubles of Mexico’s state oil giant Pemex, will no doubt … Read more
Spain and Portugal are still the most popular overseas holiday destinations for UK holiday makers. After all, what could be more Blighty than a Full English in Benidorm, Chips ‘n’ Gravy in Lloret del Mar and pavement pizzas outside Lineker’s Bar in the Algarve?! How many tourists this summer we wonder, gave a second thought … Read more
At this time of the year we normally deliver a light-hearted “summer special”. That will have to wait, because at the start of July, the UK fuel sector was rocked by the news that State Oil – the owners of Prax Petroleum, the Lindsey Oil Refinery and various North Sea exploration assets – had gone … Read more
We’ve hit the halfway point of the year and can now look back over the last 6 months to see what oil prices have done since the beginning of the year. Obviously the current picture has become seriously complicated by the Israel-Iran situation, so for the purposes of this report, we will initially focus on … Read more
At times it seems that there is so much going on in the world, that it is almost impossible to keep up! However, having run a Portland office in Hamilton, Ontario for the last 6 years, one event that did not pass us by was the recent General Election in Canada. The election was won … Read more
Over the last 2 months, we have considered the subject of electric trucks and whether they are ever likely to take over from traditional ICE (Internal Combustion Engine) vehicles. Our focus was largely on the technology, cost and operational practicality of running battery powered Heavy Goods Vehicles (HGV’s), but as some observers have pointed out, … Read more
Last month, we covered the topic of Battery Electric Vehicles (BEV’s) in the road haulage sector and concluded that the nature of optimised road transport meant a transition to electric mobility for Heavy Goods Vehicles (HGV’s) was unlikely. Amongst several fundamental problems, a lack of on-road charging infrastructure, coupled with the time taken to charge … Read more