Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to Continue Reading
World Trade Rocked by Virus Sees Worst Collapse in a Generation
The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to Continue Reading
Countries Starting to Hoard Food, Threatening Global Trade
It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during the conoravirus pandemic. Kazakhstan, one of the world’s biggest shippers of Continue Reading
World’s wind power capacity up by fifth after record year
The world’s wind power capacity grew by almost a fifth in 2019 after a year of record growth for offshore windfarms and a boom in onshore projects in the US Continue Reading
Coal’s Demise Is Fueling A Wave Of Green Energy Solutions
The slow and painful death of the coal industry is creating some interesting new opportunities for green energy solutions, with industrious capitalists turning ex-coal-fired power plants into renewable energy hubs, Continue Reading
The Senate’s Stimulus Bill Is Full of Disappointments for Climate Advocates
There was hope among some climate activists in the U.S. that the federal stimulus to address Covid-19 might be the moment to both heal the economy and advance a long-overdue transition to clean energy. Whatever they’d envisioned, Continue Reading
How Scientists Say Diplomacy Has Helped Close the Ozone Hole
Diplomacy can fix large-scale harm done to the planet by industrial pollution. That’s the conclusion of new research published today in the journal Nature showing how skies above the Southern Hemisphere have recovered Continue Reading
US pressures Saudi Arabia to give up oil price war with Russia
The US is urging Saudi Arabia to back off its oil price war with Russia, with Secretary of State Mike Pompeo calling Crown Prince Mohammed bin Salman on Tuesday. The Continue Reading
Saudi Arabia wants to pump way more oil than it ever has, a major test for Aramco
In a week’s time, Saudi Arabia is set to turn its taps to the max and unleash a surge of crude oil that refiners increasingly say they don’t want nor Continue Reading
Iran Is Preparing For An Oil Export Boom
In the current straitened sanctions period, Iran’s focus in its oil sector is broadly to increase the capacity of its fields in West Karoun and from the huge fields that Continue Reading