5 spunti per approfondire (31/2023)

La rubrica settimanale con i consigli di lettura di RivistaEnergia.it, dall’Europa e dal mondo. Forse non le notizie più eclatanti, ma proprio per questo interessanti da approfondire. Settimana 31/2023

“Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power. State-oil firm NNPC said late on Thursday it has partnered with NIPCO Gas to speed up the adoption of compressed natural gas for buses, cars and tricycles to lower transportation costs.”

Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal
Articolo – Reuters

“Several of Russia’s refined oil products are trading above the price cap imposed by Group of Seven nations, in another sign that the value of its barrels is rising in defiance of sanctions. Since February, there have been two caps on the sale of Russian refined fuels, one for higher value products at $100 a barrel and another for lower ones at $45. Argus Media Ltd., whose prices are central to the caps, says naphtha and fuel oil are trading above the lower cap, while diesel is trading above the higher one.”

More Russian Oil Trades Above G-7 Price Cap Despite Sanctions
Articolo – Bloomberg

“Shifting market dynamics and growing concerns about the G7 price cap are testing India’s appetitie for Russian oil. Benchmark Brent’s recent breach of $80 per barrel, combined with narrower discounts for Russian crude, are prompting Indian refiners to take stock of their supply options. Still, Russian oil has become a fixture in India, and refiners are seeking ways to sustain the burgeoning trade that has become vital to India’s energy security over the past 18 months.”

India’s Appetite for Russian Oil Faces Real Test
Articolo – Energy Intelligence

The world has just gotten its first real taste of a planet that is 1.5 degrees Celsius — or 2.7 degrees Fahrenheit — hotter than preindustrial times. According to data from the Copernicus Climate Change Service, July of this year was the most scorching July on record, clocking in at somewhere between 1.5 and 1.6 Celsius hotter than the average before the widespread use of fossil fuels. “It’s just shocking just how big an excursion this is from anything we’ve seen before,” said Zeke Hausfather, a climate scientist and the climate research lead at the payments company Stripe, pointing out that July was a whopping 0.35 degrees Celsius above the previous record.

The world just got its first real taste of what life is like at 1.5 degrees Celsius
Articolo – The Washington Post

“The U.K. will grant hundreds of new oil and gas licenses for the North Sea as Rishi Sunak’s government continues to lean on fossil fuels as part of its energy strategy. The U.K. prime minister said Monday that approving the new licenses would “bolster” energy security and create jobs, as well as build space for carbon capture usage and storage (CCUS) projects. But his plans drew an immediate backlash from green groups, and one prominent Conservative MP. The North Sea Transition Authority (NSTA) is expected to grant the first license in the fall, with over 100 set to be approved in total.”

Rishi Sunak to green-light hundreds of new oil and gas licenses in North Sea
Articolo – Politico

“Global crude oil prices have remained muted for much of 2023. The average Brent crude oil price benchmark during the first half of the year was less than $80 per barrel (b), a 26 percent decrease year over year and 23 percent below the average across 2022. The average external breakeven price for the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil exporters, collectively known as OPEC+, is estimated at $77/b, and the Brent price remained under this level for a total of 53 days within the first six months of 2023, impacting the ability of these countries to pay for their imports. More significantly for strictly OPEC members, the fiscal breakeven price, or the oil price at which the fiscal balance is zero, is estimated at $98/b, and the Brent price has remained below that level since November 2022. This lackluster oil price environment is due to numerous macroeconomic headwinds which have weighed on oil demand growth. Most significantly, China’s economic recovery turned out to be weaker than expected and remains fragile. That combined with overall economic stagnation in Europe and the United States has been a drag on oil market sentiment even as consumption has improved over the first half of 2023.”

Options for OPEC+ amid Weakening Oil Market Fundamentals
Analisi – Center on Global Energy Policy

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