Oil Prices Nearly Flat for the Day
Crude nearly erased all losses with a declining dollar and strong U.S. equities lending support to a market weakened by sluggish demand. Futures in New York settled close to flat after Continue Reading
Renewable Energy Is Seizing Market Share During The Pandemic
Renewable energy has surged to capture a record share of global electricity generation, seizing more market share during the coronavirus downturn. The steep drop in electricity demand, down by more Continue Reading
Cheap Natural Gas To Remain Fuel Of Choice For Decades To Come
While net-zero emissions goals started in England last year are spreading to governments, utilities, and private companies worldwide, natural gas doesn’t have to go the way of coal. Coal is Continue Reading
IEA official says reaching 2050 net-zero emissions to require technology development acceleration
If governments and companies want to move more quickly toward net-zero emissions, progress on early-stage technologies needs to be accelerated, the head of the energy technology policy division at the Continue Reading
Top Scientists Just Ruled Out Best-Case Global Warming Scenarios
A major new study of the relationship between carbon dioxide and global warming lowers the odds on worst-case climate change scenarios while also ruling out the most optimistic estimates nations Continue Reading
Emerging Economies Face Real Risk of ‘Submerging,’ Tharman Says
Emerging economies could see the gains they’ve made over recent decades unravel, with economic, social and political consequences for the rest of the world, according to a senior Singaporean official. The Continue Reading
Low Oil Prices Force Saudi Arabia To Consider Privatizing State-Held Assets
The world’s largest oil exporter, Saudi Arabia, plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors in order to raise money while its Continue Reading
Gharraf field restarts after four months as Petronas team returns
The field will initially target 50,000 bpd – about half the production level it averaged before shutting down amidst the coronavirus pandemic. In mid-July 2019, workers from the state-owned Iraqi Continue Reading
Iran says foreign states may have carried out cyberattacks, plays down their role in fires
Iran’s foreign ministry said on Thursday foreign governments may have been behind recent cyberattacks on Iranian facilities, but played down the possibility of them having a role in a series Continue Reading
Turkey Moves To Reduce Reliance On Russian Gas
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas Continue Reading