The EV Revolution Could Create 20 Million New Jobs
In the not-so-distant past, renewable energy and fossil fuel divestment were part of an idealistic, pie in the sky approach to transforming the energy sector which, for all of its Continue Reading
bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind
bp and Ørsted signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen via the electrolysis of water using renewable power, Continue Reading
Johnson to Unveil Green Plan That May Halt Sales of Petrol Cars
U.K. Prime Minister Boris Johnson is expected to unveil a green 10-point plan on Wednesday, as he weighs controversial proposals to ban the sale of new petrol and diesel cars Continue Reading
Oil Prices End the Week Higher Despite Hiccups
Oil declined for a second session as rising Covid-19 cases threatened to derail demand with tougher restrictions in major U.S. cities on the horizon. Futures fell 2.4% in New York Continue Reading
Surge In COVID Cases Counters Oil Market Optimism
While much of the media attention has been on the recent Pfizer vaccine success, COVID cases are surging and new lockdowns are coming into effect, weighing further on oil prices Continue Reading
‘Hurricanes on Steroids’: Storms’ Explosive Growth Sows New Risks
When Hurricane Laura battered Louisiana in August, becoming the most powerful storm to ever make landfall in the U.S., forecasters were confounded by its behavior. Not only did it fail Continue Reading
Iraq’s Latest Attempt To Corner Asian Oil Markets
Every new crisis is a formidable opportunity to try new things, oftentimes merely to have another go with methods that have failed in the past but should work better now. Continue Reading
Saudi Arabia Says It Foiled Houthi Attack On Oil Facility
Saudi Arabia has thwarted a planned attack with explosives against an oil products terminal near the border with Yemen, the Kingdom said early on Friday, adding that the attempted attack Continue Reading
OPEC+ Compliance With Cuts At 101% Ahead Of Crucial Meetings
The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over the next two weeks, which Continue Reading
Libya’s Oil Production Exceeds 1.2 Million Bpd
Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give Continue Reading