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Global Energy Industry at a Crossroads of Challenges and Opportunities, S&P Global Report Says
Prnewswire· 2025-03-06 20:45
Core Insights - The report "Look Forward: Energy at the Crossroads" by S&P Global examines the current state of the energy transition and outlines a pragmatic path forward as global energy leaders prepare for CERAWeek in Houston, Texas [1][2] Energy Transition Challenges - Governments are prioritizing affordable energy and economic growth over sustainability, leading to a multidimensional energy transition that will vary across regions, technologies, and fuel mixes [5] - Achieving net-zero emissions by 2050 is now considered unlikely due to these challenges [5] Technological and Market Developments - New observation technologies have revealed higher methane emissions than previously reported, prompting the oil and gas industry to focus on measuring and mitigating these emissions [2][5] - There is a resurgence of interest in nuclear energy as a means of decarbonization [5] - The integration of AI is expected to transform energy supply chains and contribute to addressing climate change [5] Political and Economic Implications - Western economies face challenges in reducing dependence on China for clean technology supply chains, necessitating significant investments in local manufacturing [5] - Despite the financial risks posed by climate change, only 35% of major companies currently have climate adaptation plans in place [5]
CARFAX Tool Checks Cars in U.S. for Open Recall 8 Billion Times
Prnewswire· 2025-03-06 14:00
Core Insights - The Vehicle Recall Search Service, developed by CARFAX and the Alliance for Automotive Innovation, has checked vehicles in the U.S. nearly eight billion times over the past seven years, enhancing consumer awareness and road safety [1][2] - Since its launch in 2018, the service has identified millions of cars with unresolved recalls, with CARFAX data indicating that one in five cars in the U.S. currently has an unfixed recall [2][4] - Eight state DMVs, including California, New York, and Ohio, utilize the service to check vehicle recall status during registration or inspection processes, notifying owners of any open recalls [3][4] Industry Impact - The tool's potential to protect drivers is emphasized, with calls for more states to adopt it to ensure regular vehicle checks, thereby increasing driver safety and aiding manufacturers in closing recalls [4][5] - Ohio's implementation of the service has led to the identification of over 7.2 million recalls, with 2 million recalls remedied through individualized notifications during vehicle registration renewals [4][5] - The partnership between CARFAX and various stakeholders, including DMVs and insurers, is crucial for identifying and fixing more recalls, ultimately enhancing road safety [5]
US LNG Capacity Additions Would Significantly Lower GHG Emissions Compared to Alternatives, New S&P Global Study Finds
Prnewswire· 2025-03-06 13:28
Core Insights - Continued development of U.S. LNG export capacity is projected to significantly lower global greenhouse gas emissions compared to alternative energy sources, with a potential reduction equivalent to more than twice the annual emissions from all gasoline cars in Los Angeles County by 2040 [1][10] LNG Capacity and Emissions Impact - The study identifies that LNG projects currently on hold or in pre-Final Investment Decision stage could add a combined capacity of 40 million tons per annum (Mtpa) from 2028 to 2040, resulting in a reduction of global GHG emissions by 324 million tons (GWP100) or 780 million tons (GWP20) over the same period, averaging 65 million tons per year [2] - The net reduction in emissions is attributed to the lower GHG intensity of U.S. LNG compared to the average intensity of alternative energy sources, with 85% of these alternatives being fossil fuels from non-U.S. sources [3] Economic Contributions - The expansion of U.S. LNG capacity is expected to support nearly half a million domestic jobs annually and contribute $1.3 trillion to U.S. GDP through 2040, with negligible impact on domestic gas prices [5] - If no new or currently paused U.S. LNG capacity comes online, over 100,000 jobs and more than $250 billion in GDP contributions are at risk [5] State and Congressional District Level Impacts - Economic impacts extend beyond core gas-producing states, with 37% of total jobs (180,000+) and 30% of GDP contributions ($390 billion) occurring in non-producing areas through 2040, indicating that 90% of every dollar spent would remain within the U.S. supply chain [7] - Economic contributions are concentrated in congressional districts with investments in natural gas exploration, liquefaction activities, or businesses within the LNG export supply chain [8] Infrastructure and Price Impacts - The study highlights the potential benefits of removing infrastructure bottlenecks in the U.S. Northeast, where pipeline constraints have led to gas prices 15-40% higher than the national average [11] - Expanding Northeast exit capacity by 6 billion cubic feet per day could lead to significant consumer savings, exceeding the estimated $14 billion in capital costs for pipeline expansions, with projected reductions in gas prices of 20%-30% for Northeast markets [12][18]
S&P Global Commodity Insights Announces Opening Speakers and Agenda for FUJCON 2025
Prnewswire· 2025-03-05 11:00
DUBAI, UAE and NEW YORK, March 5, 2025 /PRNewswire/ -- S&P Global Commodity Insights is pleased to announce the opening speakers and agenda for its 14th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2025), held under the Patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the UAE Supreme Council & Ruler of Fujairah, taking place at the Doubletree Hilton Fujairah on April 7–9, 2025 in Fujairah City, United Arab Emirates (UAE). The conference is a forum for dialogue and critic ...
S&P Global Inc. (SPGI) CEO Martina Cheung Presents at Raymond James' 46th Annual Institutional Investors Conference (Transcript)
Seeking Alpha· 2025-03-03 23:02
S&P Global Inc. (NYSE:SPGI) Raymond James' 46th Annual Institutional Investors Conference March 3, 2025 2:15 PM ET Company Participants Martina Cheung - President and Chief Executive Officer Conference Call Participants Patrick O'Shaughnessy - Raymond James Patrick O'Shaughnessy All right, we will go ahead and get started. Thank you everybody for joining us this afternoon. If you don't know me, I'm Patrick O'Shaughnessy and I cover capital markets here at Raymond James. Up next we have S&P Global and, on th ...
S&P Global Market Intelligence expands RiskGauge and Credit Analytics solutions coverage to 400 million corporate entities including U.S. private entities
Prnewswire· 2025-03-03 13:30
Core Insights - S&P Global Market Intelligence has enhanced its RiskGauge and Credit Analytics solutions, expanding access to a database of over 400 million companies across more than 200 countries and territories, covering all major sectors and industries [1][6] - The enhanced solutions provide configurable and downloadable credit risk assessment reports, offering a comprehensive view of credit risk exposure [1][6] - The expansion aims to help organizations understand and mitigate credit risk, providing critical insights for navigating complex decisions in the global marketplace [2] Key Features - RiskGauge score combines financial, business, and market risk for over 400 million companies globally [6] - Comprehensive corporate information includes up-to-date company financials across both developed and developing markets [6] - An Early Warning Framework identifies potential credit risk deterioration and highlights economic and geopolitical hot spots [6] - Extensive workflow, data, and analytics features are available for both Non-Financial and Financial Corporates through Credit Analytics and RiskGauge Desktop platforms [6] - RiskGauge reports include detailed historical performance, financials, firmographics, and key developments [6] - Data quality assurance is ensured through automated data audits and robust quality checks [6]
S&P Global Mobility: February 2025 US auto sales to improve mildly
Prnewswire· 2025-02-27 19:17
S&P Global Mobility projects that February 2025 will realize a rebound from the slow January result, but new US vehicle sales face an unsettled environment. SOUTHFIELD, Mich., Feb. 27, 2025 /PRNewswire/ -- With volume for the month projected at 1.23 million units, February 2025 U.S. auto sales are estimated to translate to an estimated sales pace of 16.1 million units (seasonally adjusted annual rate: SAAR). This would be a step up from the 15.6 million unit pace of January 2025 and reflective of the volati ...
3 Reasons Why Growth Investors Shouldn't Overlook S&P Global (SPGI)
ZACKS· 2025-02-27 18:50
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...
40th World Petrochemical Conference to Discuss Outlook & Recovery For Global Chemical Markets
Prnewswire· 2025-02-27 12:05
Global forum to focus on 'Investing for Market Growth and A Low Carbon Future' HOUSTON, Feb. 27, 2025 /PRNewswire/ -- Celebrating 40 years of sharing unmatched market intelligence and convening top thinkers across the industry, the annual World Petrochemical Conference (WPC) by S&P Global returns to Houston from March 17 to 21, 2025, at the Marriott Marquis Hotel located downtown. At this gathering of more than 550 leading companies in the global chemical industry, more than 200 speakers and close to 1500 a ...
S&P CORELOGIC CASE-SHILLER INDEX RECORDS 3.9% ANNUAL GAIN IN DECEMBER 2024
Prnewswire· 2025-02-25 15:00
Core Insights - The S&P CoreLogic Case-Shiller Indices reported a 3.9% annual gain in U.S. home prices for December 2024, slightly up from 3.7% in the previous month [1][2] - The 10-City Composite Index saw a 5.1% annual increase, while the 20-City Composite Index recorded a 4.5% increase [2] - New York led the 20 cities with a 7.2% annual gain, while Tampa experienced the lowest return with a decline of 1.1% [2] Year-over-Year Performance - The U.S. National Home Price NSA Index showed a 3.9% annual return for December, an increase from 3.7% in November [2] - The 10-City Composite Index increased by 5.1%, up from 5% in the previous month, and the 20-City Composite Index rose by 4.5%, compared to 4.3% previously [2] - Notable annual gains were reported in New York (7.2%), Chicago (6.6%), and Boston (6.3%) [2] Month-over-Month Performance - The pre-seasonally adjusted U.S. National and 20-City Composite Indices both dropped by 0.1% in December, while the 10-City Composite Index fell by 0.04% [3] - After seasonal adjustment, all three indices (U.S. National, 20-City, and 10-City Composite) posted a month-over-month increase of 0.5% [3] Market Analysis - Since 2020, national home prices have risen by 8.8% annually, with significant growth in Florida, North Carolina, Southern California, and Arizona [4] - The peak home price appreciation of 18.9% was observed in 2021, with current growth below historical trends [4] - The second half of 2024 saw a stall in home prices, particularly in the West, with San Francisco experiencing a 4.5% decline [5] Regional Insights - The Northeast region continues to show above-trend growth, with New York achieving the highest annual gain for the eighth consecutive time [6] - Boston reached an all-time high in home prices, the only market to do so for the period ending December 2024 [6] Supporting Data - The S&P CoreLogic Case-Shiller Indices provide a historical perspective on home price trends, with the National Index currently at 323.22, reflecting a 141.2% increase from its 2012 trough [8] - The 20-City Composite Index is at 332.21, showing a 147.8% increase from its trough in 2012 [9]