Peter Stewart

Chief energy analyst

Prior to joining Interfax, Peter worked for five years as Principal Consultant at KBC Energy Economics, where he was chief economist and led the group's market analysis team. He is currently involved in econometric research at Surrey University on the subject of oil and gas pricing benchmarks, building on his 20 years of experience with the Price Reporting Agency (PRA) Platts. He worked at Platts for 15 years in a number of different roles, including Director of Markets and Pricing, in which role he was responsible for Platts global assessment processes for all commodities.

Email: peter.stewart@interfax.co.ukPhone: +44 (0)20 3004 6211
Volvo plans to increase its focus on electric and hybrid vehicles. (Volvo)

Hybrids will dominate in drive to electrify vehicle fleets

As emissions standards tighten, car manufacturers are promoting both hybrids and electric vehicles. This may slow the switch away from traditional fuels such as petrol and diesel.

19 July 2017
A platform at the South Pars field. (Statoil)

Iran threatens big rise in oil and gas output and exports

Iran has thrown down the gauntlet to its Gulf neighbours, saying it will dramatically boost its hydrocarbon production and exports by 2021.

12 July 2017
Sungrow floating solar plant. (Sungrow)

China leads the world in renewables drive

Despite a switch to gas in power, China will need a quantum leap in renewables to meet its COP21 targets. The latest REN21 report suggests that this transition is under way despite a drop in investment in 2016.

6 July 2017
Qatar plans to sharply increase liquefaction capacity at its Ras Laffan facility. (Statoil)

Qatar’s liquefaction plans will extend LNG glut

Qatar’s decision to boost export capacity could limit the potential for a recovery in global LNG prices.

5 July 2017
Sinopec's LNG terminal in Beihai. Chinese LNG imports will also be squeezed by increasing volumes of piped supplies. (Sinopec)

China’s delicate balancing act on gas market reform

The dichotomy between Beijing’s targets to boost gas use and the dynamics of a volatile world market was discussed at an Interfax breakfast seminar in London on Tuesday.

28 June 2017
Operations at the South Pars field in Iran. (Pars Oil and Gas)

Iran’s response crucial in Saudi-Qatar spat

The move by Saudi Arabia, Bahrain, the UAE and Egypt to isolate Qatar has thrown the Middle East’s geopolitical fault lines into stark relief. Everything hangs on Iran’s response.

22 June 2017
The Foster Creek oilsands project in Alberta, Canada. The global oil supply glut shows no signs of abating soon. (Cenovus)

Oil prices continue to weaken as global glut grows

International crude oil prices have dropped to their lowest level in six months as the continuing global glut overshadows efforts by OPEC to shore up the market.

21 June 2017
German utility E.On is turning its focus to new energy models. (E.On)

Companies need to get wise to smart power

Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum.

12 June 2017
Electricity pylons in China. (China Southern Power Grid)

More action needed on Asian grid integration

A panel at the St. Petersburg International Economic Forum called for “more action rather than talking” on plans for regional electricity grid integration in the Far East.

7 June 2017
German utility E.On is turning its focus to new energy models. (E.On)

Companies need to get wise to smart power systems

Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum this week.

1 June 2017
An oil rig in Permian Basin. The United States is exporting oil to world markets in increasing volumes. (Devon Energy)

OPEC, non-OPEC align to back oil price status quo

Oil prices look set to remain moderate as OPEC gathers in Vienna to discuss extending – and even deepening – the latest round of output cuts.

24 May 2017
Wildervank station, Groningen gas field, Netherlands. (Skitterphoto)

Gas trading slowdown may hit TTF

Gas trading on the Dutch TTF has been resilient as the prospect of Brexit causes volumes to move from the UK to the Continent. But this picture may be about to change.

10 May 2017
The US has seen a 17.5% increase in coal production so far this year. (PA)

Coal is main beneficiary of Trump deregulation

While the revival of fossil fuel production in the United States has coincided with Donald Trump’s presidency, there is little evidence it has been driven by it.

3 May 2017
Electricity pylons in the UK. Theresa May's government will struggle to reduce carbon emissions if it introduces a domestic energy price cap. (National Grid)

UK energy price cap will be a tricky balancing act

The UK government has pledged to cap domestic energy prices, but it will struggle to protect consumers while encouraging investment in low-carbon generation.

26 April 2017
A Canadian oilsands refinery. OPEC production cuts and global political issues mean the supply of oil is starting to tighten. (Nexen)

The oil and gas risk premium is back

After nearly three years in which geopolitical tensions have barely affected the pulse of the market, the last few weeks have seen a risk premium being built into the oil price. If this trend continues, it will have the potential to boost LNG prices.

19 April 2017
Sur Independent Power Plant (Phoenix Power Oman)

Middle East greens while the US turns to brown

While US President Donald Trump has taken steps to boost the use of highly polluting coal in power generation, the Middle East is increasingly moving towards cleaner fuels in its power sector.

10 April 2017
An oil rig in the Permian Basin. US production is offsetting OPEC cuts. (Devon Energy)

OPEC should be worried about dollar strength

US oil production and the strength of the dollar could prove a double whammy for OPEC when the oil producers group meets in May.

5 April 2017
Thierry Bros, senior research fellow at the OIES, speaking at Interfax’s seminar. (Interfax)

Brexit may harm UK energy security

UK gas supplies may be less secure when the country leaves the EU, Interfax Chief Energy Analyst Peter Stewart told a seminar at the Brussels Press Club hosted by Interfax on Wednesday.

29 March 2017
US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year. (Stockvault)

OPEC cuts fuel US production growth

US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year.

22 March 2017
The IEA report says that, by 2050, seven out of 10 new cars will need to be electric. (Tesla)

IEA at odds with industry consensus on EV growth

Divergent forecasts of fossil fuel demand over the next 20-30 years reflect sharply different perceptions of how many electric cars will be on the roads.

22 March 2017

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