“In Switzerland, we’re not used to the idea of droughts”, said Sonia Seneviratne, professor of land-climate dynamics at ETH Zurich research university. “We see ourselves as being this water fortress Continue Reading
Oil headed for the biggest weekly decline since early April on increasing evidence that a global economic slowdown is destroying demand, with prices near the lowest level in six months. Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
Oil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets. West Texas Intermediate fell 2.3% to $88.54 a barrel, Continue Reading
An Overview At this point in time, probably all American adults are aware that the price of oil, or at least gasoline and diesel fuel, are much higher than they Continue Reading
Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… The ongoing heatwave in Europe Continue Reading
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis this winter, sources Continue Reading
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings. The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Continue Reading
OPEC+ has agreed to raise oil production by 100,000 bpd following calls from other world powers to ramp up output. The lackluster response from OPEC hints that the bloc may Continue Reading
Saudi Arabia and the United Arab Emirates have been working to increase their domestic gas production. Middle East oil and gas producers see an opportunity for long-term LNG supply contracts Continue Reading
