Latest news with #S&PGlobalCommodityInsights
Time of India
18 hours ago
- Business
- Time of India
India to lead global oil demand growth amid 500 GW green push: S&P Global
New Delhi: India is set to lead global oil demand growth and significantly expand its renewable energy base to 500 GW, even as geopolitical uncertainty, shipping realignment and energy transition reshape global energy systems, according to S&P Global Commodity Insights. At a roundtable conference in Mumbai, experts from the firm highlighted oil market volatility, emerging trade and shipping patterns, and India's role in global energy demand and decarbonisation. Premasish Das, Executive Director for Oil Markets Research and Analysis at S&P Global Commodity Insights, said global oil demand growth could slow from 1.2 million barrels per day (b/d) to 0.8 million b/d in 2025 due to trade and economic disruptions. 'The Trump administration's sweeping tariffs on all trading partners have introduced significant economic uncertainty, potentially reducing global GDP growth from 2.8 per cent in 2024 to 2.2 per cent in 2025,' he said. China and the US are expected to see the steepest demand drop, especially for diesel and jet fuel. OPEC+ had increased output by 411,000 b/d for May–July 2025, leading to a 20 per cent fall in Brent prices. Das said this output growth, driven by compliant producers, may be offset if overproducers such as Iraq, Russia, and Kazakhstan cut volumes. Oil prices temporarily spiked above $80/b following US strikes on Iran's nuclear sites, but later stabilised after a ceasefire. The average Brent forecast for 2025 has been raised to $68/b from $63/b, but is expected to fall below $60/b by year-end due to strong supply growth. India is projected to lead global oil demand growth in the long term, increasing its reliance on imported crude and reinforcing the need to diversify sourcing strategies, Das added. On trade dynamics, Rahul Kapoor, Vice President and Global Head of Shipping Research at S&P Global, said India is gaining prominence. 'India stands at a critical inflection point, with immense potential to capture a greater share of global trade,' he said. He added that India had reduced its oil import exposure to the Strait of Hormuz from around 55 per cent during 2019–2022 to 41 per cent in 2024, largely due to increased sourcing of Russian crude. He said shipping strategies must now consider geopolitical risks, sanctions, and tariff changes. Eduard Sala de Vedruna, Head of Research for Energy Transition and Sustainability, said India's installed renewable capacity has crossed the 200 GW mark. He said the government has now revised its 2030 target to 500 GW (including hydro), after missing the earlier 2022 goal of 175 GW. 'The country is heavily reliant on coal, which accounts for a substantial portion of its energy production. However, there is a strong push towards diversifying the energy mix,' Vedruna said. He added that in S&P's base case, the 500 GW target may be reached by 2032. He identified infrastructure limitations, financial stress in discoms, and regulatory hurdles as key challenges. However, he said policy support, new technologies and private investment are enabling growth in energy storage, smart grids and electric mobility. Jenny Yang, Global Head of Power and Renewables Research, said power demand globally will rise by over 80 per cent in the next 25 years. She said renewables and batteries would make up 96 per cent of new net capacity additions until 2050 due to cost competitiveness. In India, non-fossil fuels accounted for 47 per cent of installed capacity and 24 per cent of generation in 2024. By 2050, these shares are projected to rise to 77 per cent and 66%, respectively. However, conventional thermal power will still contribute 16 per cent to global capacity additions to maintain grid reliability. Looking ahead, S&P said India's energy transformation depends on improving regulatory mechanisms, encouraging public-private partnerships, and investing in R&D. The speakers also stressed the need for international cooperation to access funding and global best practices.
Yahoo
6 days ago
- Business
- Yahoo
S&P Global Market Intelligence Unveils GenAI-Powered Enhancements to Capital IQ Pro and Expands Insights in Private Markets and Energy Transition
New Capital IQ Pro GenAI capabilities strengthen long-term planning and strategic decision-making for customers Enhanced private markets coverage adds headcount and people data to meet rising market and customer demand Energy Transition dataset broadens to include data center services and infrastructure content, as well as production data from S&P Global Commodity Insights NEW YORK, June 25, 2025 /PRNewswire/ -- With growing market needs to accelerate decision-making and uncover key insights across growing industries, S&P Global Market Intelligence enhances the S&P Capital IQ Pro platform with new GenAI-powered capabilities and expansion of data in private markets and energy transition. The latest GenAI enhancements to Capital IQ Pro elevate the platform's Document Intelligence and charting capabilities, designed to empower users with advanced tools for strategic decision-making and long-term planning. With the addition of headcount and people data for private companies, S&P Global Market Intelligence, a provider of information services and solutions to global markets, is responding to the growing demand from customers seeking deeper insights into private markets. The expansion of Energy Transition data now includes vital information on data center services, infrastructure content and production data sourced from S&P Global Commodity Insights, equipping customers with the critical data needed to navigate the evolving energy markets. "Our approach is to bring the best of GenAI to our clients to enhance the experience with the data, tools and capabilities they rely on today," said Warren Breakstone, Head of Data & Research at S&P Global Market Intelligence. "At the same time, we continue to add differentiated new data and content to Capital IQ Pro to reflect our clients' current and future needs." Key highlights from S&P Capital IQ Pro's latest release include: Enhanced charting with GenAI and new metrics – Users can now quickly obtain a comprehensive overview of a company's performance with the introduction of Chart Explainer — a GenAI-driven summary of news and significant events displayed on stock charts. Paired with comprehensive data and best-in-class charting technology, Chart Explainer efficiently summarizes key insights and trends observed from a company's price movements or performance within a selected time range. Streamlining the visualization of a company's performance, and identifying economic trends, is now also further enhanced by the introduction of the 19 most-commonly used financial metrics and 14 macroeconomic data metrics within Chart Builder — strengthening long-term planning and strategic decision-making with even more certainty. Energy Transition Support: Empowering Clients with Comprehensive Data Insights – The introduction of Data Center Services and Infrastructure content ensures detailed analysis covering 13,000 data centers and 100 metrics across 112 countries, powered by 451 Research. Users can access in-depth research, industry forecasts and advanced mapping tools - providing the data center insights necessary to understand the effects of the increasing demand for AI. The integration of North American production data from Commodity Insights allows users to delve deeper into energy transition trends, offering aggregations of oil, gas, condensate and water data based on wellhead information. Private Markets Insights: Streamlining Workflows for Enhanced Decision-Making – The latest release enhances workflows within private markets by introducing new headcount data for private companies. Analysts gain critical insights into job roles, departmental structures and attrition rates, facilitating a deeper understanding of a company's strategic direction, operational efficiency and growth potential. The inclusion of new Topic Tags on Market Maps, Screener and Corporate Profiles pages for approximately 90,000 private companies, along with innovative idea generation screens tailored for PE/VC fund managers, accelerates access to relevant insights during fundraising efforts. Visible Alpha Integration: Elevating Company Analysis – Recent enhancements to the Visible Alpha integration into Capital IQ Pro provide for innovative new peer comps at a company, divisional or segment level, allowing for richer analysis of companies, industries and markets. S&P Capital IQ Pro is S&P Global's flagship data and analytics platform offering access to deep, meaningful data on the global financial markets, companies and industries that help market participants make informed decisions. It also provides proprietary research and in-depth analysis from thought leaders and industry experts and compresses more than 135 billion data points a year into actionable intelligence. More details on the full S&P Capital Pro release can be found here. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit Media Contact:Amanda OeyHead of Strategic Communications S&P Global Market IntelligenceP. +1 212-438-1904E. or View original content to download multimedia: SOURCE S&P Global Market Intelligence Sign in to access your portfolio
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
S&P Global revises oilsands outlook upward despite crude market volatility
CALGARY - S&P Global Commodity Insights says oilsands output is forecast to rise by half a million barrels from last year's levels by the end of the decade. That would mark a three per cent increase from S&P's previous 10-year outlook for the sector and would be the fourth upward revision in a row. Chief Canadian oil analyst Kevin Birn says the change in trajectory, even during volatile times, reflects how producers are working to improve efficiency from existing operations. Oilsands production is expected to hit a record 3.5 million barrels per day this year — five per cent higher than last year. S&P forecasts output will exceed 3.9 million barrels per day by 2030, but plateau around 3.7 million barrels in 2035. Director of crude oil markets Celina Hwang says the outlook could be dampened by export pipeline constraints, but oilsands operators have proven they can withstand such volatility. This report by The Canadian Press was first published June 24, 2025.
Time of India
6 days ago
- Business
- Time of India
Alberta oil production creates new record in 2025, raises alarm over emissions and climate impact
Alberta's oilsands are set to hit record-breaking production levels this year, reaching an average of 3.5 million barrels per day, according to a new forecast by S&P Global Commodity Insights. That marks a five per cent increase from 2024 and could rise to 3.9 million barrels per day by 2030. However, as production booms, greenhouse gas emissions are also rising, fueling concerns from environmental groups and communities already struggling with the impacts of climate change . Reason for the record oil production by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The rise in oil output isn't being driven by new megaprojects, but instead by quiet, incremental changes like debottlenecking, upgrades to equipment, and other optimizations at existing facilities. 'The increased trajectory for Canadian oilsands production growth amidst a period of oil price volatility reflects producers' continued emphasis on optimization and the favourable economics that underpin such operations,' said Kevin Birn, chief Canadian oil analyst at S&P Global, in a statement. Live Events Birn noted that producers are finding ways to cut downtime and increase efficiency, drawing from Alberta's massive oil reserves. In communities like Fort McMurray, oil means employment and stability. But many workers are conflicted. Indeed, Alberta's wildfires have grown more intense and frequent. Scientists and activists link them directly to rising greenhouse gas emissions, many of which are tied to the oilsands. 'We can't lose sight of the fact that greenhouse gas emissions from the oilsands are also hitting record levels,' said Keith Stewart, senior energy strategist with Greenpeace Canada . 'The consequences are all around us in the climate change-fueled wildfires, heatwaves, and extreme weather that are disrupting lives and the economy.' He added, 'This is why the federal government needs to implement its long-promised cap on greenhouse gas emissions from the oil and gas sector.' A volatile market This year, North American oil prices have fluctuated wildly, briefly hitting $75 per barrel before dropping below $60. The swings are driven largely by geopolitical tensions and conflicts in the Middle East. Even so, the oilsands remain profitable, thanks to low break-even costs. The recent launch of the Trans Mountain Expansion pipeline, which began operating in 2024, has helped boost Canada's export capacity, further supporting production increases. Still, questions remain about how long the growth can last. S&P Global expects oilsands production to plateau later this decade, as physical, economic, and environmental constraints set in. Meanwhile, Alberta's decision this month to eliminate its gas flaring limit, after exceeding it for two years in a row, has raised alarms among climate scientists. Methane emissions from oilsands tailings ponds are also under renewed scrutiny, with new studies showing they may be far higher than previously estimated. As oil production in Alberta climbs, so too does the pressure for a federal emissions cap, stricter methane regulations, and a clearer path forward.
6 days ago
- Business
Alberta's oilsands to hit record production high in 2025
Another year, another record for Alberta's oil industry. Oilsands production is on pace to reach an all-time high this year as production in northern Alberta is expected to grow by five per cent in 2025 compared to last year. The latest forecast released Wednesday by S&P Global Commodity Insights anticipates average annual production of 3.5 million barrels per day this year. By 2030, production could reach 3.9 million barrels per day. The increase in output from the oilsands is not driven by any large new projects, but instead by smaller expansions and improvements to existing operations. The increased trajectory for Canadian oilsands production growth amidst a period of oil price volatility reflects producers' continued emphasis on optimization — and the favourable economics that underpin such operations, said Kevin Birn, chief Canadian oil analyst at S&P Global Commodity Insights, in a statement. This large resource base provides ample room for producers to find debottlenecking opportunities, decrease downtime and increase throughput, Birn said. Keith Stewart, a senior energy strategist with Greenpeace Canada, noted that greenhouse gas emissions from Alberta's oilsands have also been rising, year after year. We can't lose sight of the fact that greenhouse gas emissions from the oilsands are also hitting record levels because the consequences are all around us in the climate change-fuelled wildfires, heat waves and extreme weather that are disrupting lives and the economy, he said. This is why the federal government needs to implement its long-promised cap on greenhouse gas emissions from the oil and gas sector. North American oil prices have been especially volatile so far this year, reaching highs of nearly $75 US per barrel twice, while also falling below $60 on several occasions. Oil markets have reacted to many geopolitical events including tariffs and conflict in the Middle East. The Trans Mountain expansion pipeline began operating last year, which has increased Canada's ability to export more oil. S&P's forecast still expects oilsands production to plateau later this decade. Kyle Bakx (new window) · CBC News
