Oil Steady In Wake of Hurricane Nicholas
Oil settled with minimal change as threats to crude supply from the Gulf of Mexico fizzled in the wake of hurricane Nicholas. Oil ended the session little changed as investors Continue Reading
Despite green talk, pre-COVID oil demand seen returning soon
World oil demand will rise back above 100 million barrels per day, a level last reached in 2019, as soon as the second quarter of next year, according to major Continue Reading
COVID-19 cases climbing, wiping out months of progress
COVID-19 deaths and cases in the U.S. have climbed back to where they were over the winter, wiping out months of progress and potentially bolstering President Joe Biden’s case for Continue Reading
IEA Sees Robust Oil Demand In October
After three consecutive months of declines due to the Delta variant, global oil demand is set to rebound with a 1.6-million-bpd jump in October and continue rising through the end Continue Reading
Oil Glut That Covid Built All But Gone
Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a Continue Reading
U.S. and EU Vow Steep Methane Cuts Ahead of Climate Summit
The U.S. and European Union have agreed to a plan to cut emissions of methane by about a third by the end of the decade as part of a diplomatic Continue Reading
Pew research survey finds people around the world see climate change as a major threat
Nearly three-quarters of residents of countries with some of the world’s most advanced economies worry that climate change will one day create suffering in their own lives, according to a Continue Reading
Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding Continue Reading
Global Warming Set to Pass 1.5° C as Pollution Plans Fall Short
Almost every government in the world isn’t doing enough to cut greenhouse gas emissions, making it likely global temperatures will rise beyond the tipping point of 1.5 degrees Celsius in Continue Reading
Saudi Arabia May Open Up Massive Gas Field To Foreign Investment
Saudi Arabia’s state-owned oil giant Aramco may soon open up a massive upstream asset to foreign investment. It would be a rare move for OPEC’s top oil producer and the Continue Reading