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We use the Q&A format this week to address burning questions and important points of clarification from last week’s post, So Long “Energy Transition,” Hello Meeting Global Power Growth (here). Key topics include the fading of “energy transition” as a concept, the fate of “net zero by 2050,” why it is not appropriate to demand adherence to consensus views, ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...