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FILE PHOTO: Oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port © Thomson Reuters OilPrice.com: The IEA Expects Global Oil Demand Hit A Record High In 2023 * The InternationEnergy Agency has raised its forecast for global oil…
The duty of decarbonisation entails a large-scale transformation that oil companies ought to undergo in order to eventually eliminate carbon emissions from their business model.
UAE energy minister Suhail al-Mazrouei Bloomberg: UAE Says Oil Supply A Bigger Issue Than Demand For 2024 Oil supplies will pose a bigger issue than demand for global markets in 2024 as some countries struggle with production and investmen…
Climate groups have accused head of national oil company, Sultan Al Jaber, of conflict of interestThe United Arab Emirates, the oil-rich Gulf nation that is hosting the next UN climate summit, is “running towards” a renewable energy future, the preside…
The global oil and gas industry’s profits in 2022 jumped to some US$4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency says.
© Getty Images / Nicholas Prylutskyy / EyeEmSource: RTEnergy supplies will not go to countries that support price caps, Deputy PM Novak has said Russia intends to shift the exports of its oil and petroleum products to ‘friendly’ countries this ye…
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Secret international court system enables fossil fuel firms to sue governments for lost future profitsExperts have urged the UK to leave the controversial energy charter treaty (ECT), a secret court system that enables fossil fuel companies to sue gove…
CNBC: Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day * Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday. * The announcement foll…
Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills riseBritain’s biggest gas supplier, the Norwegian state-owned oil company Equinor, has been accused of “profiteering” from the energy crisis and high…