Rystad Energy Sees Oil Demand Peaking In 2026
The accelerating adoption of electric vehicles (EVs) and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 million barrels per day Continue Reading
Energy Giants Ditch Oil and Coal Projects. Smaller Rivals Want Them.
For all the talk of a transition away from fossil fuels, players in the energy sector are still willing to bet there is more money to be made in oil Continue Reading
Why Is Most Oil Found In Deserts And The Arctic?
The short-term energy outlook has improved considerably over the past few months, thanks mainly to the ongoing Covid-19 vaccine rollout. A cross-section of analysts now expects oil demand to bounce Continue Reading
Fuel for Thought: Energy security omens returning to haunt oil market
Energy security concerns are bubbling beneath the surface as the global oil market seems to be entering into the early stages of recovery from the pandemic. While OPEC+ can provide Continue Reading
Biden’s Climate Credibility May Hinge on Whether He Makes Good on U.S. Financial Commitments to Developing Nations
President Joe Biden speaks in the Oval Office at the White House April 19, 2021 in Washington, D.C. Credit: Doug Mills-Pool/Getty Images For poor nations that contributed little to greenhouse Continue Reading
Climate Summit ‘Last Chance’ for Brazil to Show Leadership on Global Warming
President Joe Biden’s climate summit of 40 world leaders this week will be Brazilian President Jair Bolsonaro’s “ last chance ” to restore Washington’s confidence in Brazil’s commitment to taking Continue Reading
At Biden’s Earth Day climate summit, some rare common ground with Putin
The stress points keep piling up between President Biden and Vladimir Putin. Biden agreed that the Russian president is a “killer,” the United States leveled more sanctions, diplomats have been expelled on both Continue Reading
Putin, Xi, Pope Join 40 Leaders at Biden’s Climate Summit
President Joe Biden is bringing together dozens of foreign leaders along with corporate executives, union heads and Pope Francis in a two-day virtual summit meant to invigorate the global fight Continue Reading
U.S. Rejects Australia’s Climate Strategy Ahead of Global Summit
The U.S. has called out Australia’s lack of climate ambition ahead of President Joe Biden’s summit of global leaders. “Our colleagues in Australia recognize that there’s going to have to be Continue Reading
US to propose emissions cut of up to 50% by end of decade
US President Joe Biden is set to announce the country’s steepest ever emissions cuts, as he hosts 40 world leaders on Thursday for a summit on climate change that will Continue Reading