Oil and Gas
Doctors decry ‘record profits’ for fossil fuel companies as climate change weighs on global health
A man wearing a mask rows his boat as smoke from wildfires covers Seattle, Washington REUTERS/Karen Ducey Doctors are taking aim at the fossil fuels industry, placing blame for the world’s most dire health problems on the companies that continue to seek oil and gas profits even as climate change worsens heat waves, intensifies flooding […]
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Traveling taxis, robotic avatars and holograms — Saudi Arabia pushes ahead with its sci-fi metropolis vision
The foreseeable future Web page of the town Neom, a planned cross-border city, stands vacant right before enhancement commences in the Tabuk Province of northwestern Saudi Arabia, December 18, 2019. Image taken December 18, 2019. Lucas Jackson | Reuters DUBAI, United Arab Emirates — If you have been seeing mysterious Bladerunner-style adverts popping up on your […]
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Wave of LNG tankers is frustrating Europe in vitality disaster and hitting pure fuel selling prices
An LNG import terminal at the Rotterdam port in February 2022. Federico Gambarini | Photo Alliance | Getty Visuals The U.S. is exporting more LNG to Europe as a end result of Russia’s war in Ukraine and cuts created to all-natural fuel materials ahead of winter, but there has been a buildup of LNG vessels […]
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Lights go out in Ukraine as Russia launches ‘massive’ strike
An electrician performs to restore an electric power ability line that was damaged from shelling above a former battlefield, amid Russia’s attack on Ukraine, in Kharkiv region, Ukraine, Oct 21, 2022. Clodagh Kilcoyne | Reuters Hundreds of 1000’s of people today in central and western Ukraine woke up on Saturday to energy outages and periodic […]
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Asia’s strength source seems protected — even as Europe scrambles
As Europe struggles with a power shortage, Asia-Pacific’s electric power offer remains safe mainly for the reason that the region nevertheless uses a whole lot of coal, information has proven. With liquified purely natural fuel supplies in the area redirected to Europe, electric power generators in Asia not only have significantly less entry to LNG […]
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Biden claims oil companies should really ramp up production instead of getting back again inventory and paying out dividends
U.S. President Joe Biden delivers remarks on the nationwide Strategic Petroleum Reserve kind the Roosevelt Home at the White Property in Washington, October 19, 2022. Jonathan Ernst | Reuters U.S. President Joe Biden said oil organizations need to have to use their document-earnings to ramp up manufacturing somewhat than to enrich shareholders. “My information to […]
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British isles inflation charge rises to 10.1% as food stuff and strength rates continue surge
The Place of work for Countrywide Stats announced inflation figures Wednesday as the U.K. undergoes a historic price-of-living disaster and political turmoil. Westend61 / Getty Photos LONDON — The consumer cost index rose 10.1% in September, in accordance to estimates published Wednesday by the Business office for National Figures, just exceeding a consensus forecast among […]
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Biden to announce release of up to 15 million barrels of oil from Strategic Petroleum Reserve
WASHINGTON — President Joe Biden will announce an further launch of crude oil from the Strategic Petroleum Reserve on Wednesday in the assortment of 10 million to 15 million barrels, resources acquainted with the system told CNBC. The go aims to increase the latest SPR shipping system, which began this spring, through December, the resources […]
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The EU wants to limit spiking gas selling prices right after ‘excessive’ moves this summer season
The EU is doing work on new measures to mitigate fuel costs. Donato Fasano | Getty Visuals News | Getty Visuals LONDON — The European Union is doing the job on new steps to avoid very substantial fuel selling prices after “abnormal” stages found this summertime, in a go that could have key implications for […]
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Biden admin spoke with vitality corporations as it seeks to harmony oil selling prices: Reuters, citing sources
US President Joe Biden speaks in the Eisenhower Executive Office Setting up in Washington, D.C., US, on Wednesday, June 22, 2022. Samuel Corum | Bloomberg | Getty Visuals The Biden administration has spoken with vitality organizations as it considers a prepare to use the Strategic Petroleum Reserve to equally press down oil price ranges for […]
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