In early 2020 the global economy faced a historic oil price drop in conjunction with global restrictions that curtailed transport and economic activity – both of which depressed demand for hydrocarbons at the national and global level.
Climate concerns are driving an acceleration in the global transition towards environmentally sustainable energy sources, with signficant implications for emerging markets as they seek to keep pace with high demand growth over the long term.
In this Growth and Recovery video, powered by technical solutions provider and engineering firm JESA, we explore opportunities to leverage investment and expertise to develop critical power infrastructure in...
The coronavirus pandemic has given rise to a global uptick in regional cooperation and interconnectedness as a means to economic recovery. Forming part of this trend, countries in the Arab world have recently moved to expand cooperation with regard to electricity supplies.
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Articles & Analysis | The Philippine government's new priorities for energy from The Report: Philippines 2021
The Covid-19 pandemic hit the Philippines’ consumption-driven economy hard, with forecasts from the IMF suggesting that real GDP could contract by as much as 9% in 2020. Strict lockdowns took a heavy toll on the energy sector in the form of a steep drop in demand for both electricity and fuel, yet local power providers took steps to ease the...