The breakneck speed of global warming exceeds the pace of efforts to protect billions of vulnerable people, according to a new report released Monday by the world’s top climate scientists. The report Continue Reading
The dangers of climate change are mounting so rapidly that they could soon overwhelm the ability of both nature and humanity to adapt, creating a harrowing future in which floods, Continue Reading
Highlights 1.5 C rise would lead to ‘severe’ risks 3.6 billion people at risk of climate effects ‘Uniquely challenging’ geopolitics: Platts Analytics Human-caused climate change has already led to irreversible Continue Reading
For climate scientists reviewing a Pacific Ocean temperature forecast map in November, a bright red, sideways “V”, thousands of kilometers long signaled disaster. Combined with La Nina cooling in the Continue Reading
Iranian and U.S. officials are entering a crucial week of negotiations to restore the 2015 nuclear deal, with significant differences remaining on several key issues and new concerns that Russia’s invasion of Continue Reading
Traders expect Iran to do away with discounts Iranian crude around $8/b cheaper than other similar grades Iran could supply 1.75 mil b/d by August: S&P Global Iran’s state-owned National Continue Reading
ExxonMobil has reached an agreement to sell its equity interest in its subsidiary Mobil Producing Nigeria Unlimited to Seplat Energy. U.S. supermajor ExxonMobil has reached an agreement to sell its Continue Reading
An increasingly isolated Vladimir Putin left Russia for only the second time during the pandemic last December. His destination was New Delhi and his focus was on preparing for future Continue Reading
India has had to walk a diplomatic tightrope over Ukraine in the past few days as it tried to balance its ties with Moscow and the West. Delhi’s first statement Continue Reading
Indian Oil Corp. has asked its crude suppliers to stop offering Russian and Kazakh crudes to avoid any payment and insurance risks caused by international sanctions on Russia after its Continue Reading
China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. Continue Reading
Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Some state-own firms Continue Reading
Floating solar panels on the surface of the Hapcheon Dam in South Korea. The project can generate enough to power 20,000 homes, according to Hanwha Solutions. With little usable land Continue Reading
Russia’s invasion of Ukraine has seen some of the harshest sanctions ever imposed on a nation and disrupted trade flows of energy and other commodities, even though such goods have Continue Reading
Hong Kong residents braced for a city-wide lockdown, emptying supermarkets and pharmacies, even as leader Carrie Lam called for calm on Tuesday and appealed for the public not to worry Continue Reading
More than two dozen liquefied natural gas (LNG) tankers were near U.S. Gulf Coast export terminals on Monday, either loading or waiting to load, according to data from Refinitiv Eikon Continue Reading
U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 Continue Reading
The Venture Global LNG Calcasieu Pass facility in Louisiana, U.S. The first cargo of liquefied natural gas has departed from the U.S.’s newest export facility, expanding sales from the key Continue Reading
As Russian President Vladimir Putin launched a war against Ukraine, half a world away the U.S. economy appeared to be rebounding from a winter surge of Covid-19 infections. A range of U.S. data Continue Reading
Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr Trudeau said oil revenues have helped to prop up President Continue Reading
A proposal by Republican lawmakers to increase U.S. crude oil production amid the fast-deteriorating situation in Ukraine that could compromise the security of energy flows was a “misdiagnosis”, according to Continue Reading
BP to Exit Nearly 20% Stake in Rosneft First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves Continue Reading
Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine sparks an exodus of Western companies. The Continue Reading
U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa Continue Reading
Russian state gas company Gazprom said on Tuesday that it was shipping gas to Europe via Ukraine in line with customers’ requests. It said the requests stood at 109.6 million Continue Reading
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country Continue Reading
TotalEnergies (TTEF.PA) condemned what it called Moscow’s military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell (SHEL.L) and BP in planning to exit positions in resource-rich Continue Reading
Italy’s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts Continue Reading
After years of growing increasingly reliant on cheap and abundant wheat supplies from Russia and Ukraine, the world’s grains buyers are being forced to hunt elsewhere as flows from both Continue Reading
The Ukraine conflict is nowhere near resolution and looks set to continue for some time. Russia’s energy supplies are very much at risk, either due to being withheld by Russia Continue Reading
