[ad_1] The announcement comes amid unprecedented Western sanctions on Russia over the invasion of Ukraine. ADVERTISEMENT Russia says it has almost completely redirected its oil exports to China and India…
Tag: Oil Industry
Oil price forecast for 2024: What’s in store for global crude?
[ad_1] The global oil markets are poised for some serious headwinds and challenges in 2024. Euronews Business looks at the outlook for the most important commodity in the world, oil.…
Ministers agree petroleum industry must develop CO2 storage sites
[ad_1] Governments agree oil and gas firms must deploy permanent CO2 storage facilities at an unprecedented scale, but the industry argues it is pointless without also building up carbon capture…
COP28: What’s happening on day 6 of the U climate conference?
[ad_1] Good morning once again from us here in Dubai! Here’s a quick catch-up on what you missed yesterday. The atmosphere has been somewhat overshadowed by revelations that COP28 president…
COP28: 50 oil companies pledge to almost end methane emissions by 2030
[ad_1] Representing nearly half of global production they pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030. ADVERTISEMENT Environmental groups at the COP28 summit…
28 petrostates risk losing half their fossil fuel income by 2040
[ad_1] Energy transition brings ‘very real risk’ of conflict in petrostates, a new report warns. What can be done about it? ADVERTISEMENT The United Arab Emirates is one of dozens…
Fake news release claims COP28 president is stepping down as ADNOC CEO
[ad_1] The COP28 team has said the fake news and allegations that Al Jaber planned to use climate talks to make fossil fuel deals are an “attempt to undermine the…
Over 60 Just Stop Oil activists arrested for blocking London road
[ad_1] The UK is following in other European countries footsteps with new powers to break up the climate group’s slow marches. ADVERTISEMENT More than 60 climate activists have been arrested…
Transition to clean energy is ‘unstoppable’, IEA says
[ad_1] Fossil fuel demand could peak by the end of the decade but the world needs to get behind the clean energy transition to keep climate goals in sight. ADVERTISEMENT…
Opinion | Chuck Schumer Doesn’t Know How Gas Prices Work
[ad_1] Senate Majority Leader Chuck Schumer and 22 Democratic senators recently wrote to Federal Trade Commission Chairman Lina Khan calling for an investigation into the proposed mergers between Exxon Mobil…