Tag: oil

Oil Demand Growing at a Slower Pace as Post-Covid Rebound Runs its Course

Global oil demand growoilth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 –...

SLOVENIA – FORMATION OF CONSORTIUM FOR THE DEVELOPMENT OF HYDROGEN ECOSYSTEM FROM LOW-CARBON SOURCES

Eighteen Slovenian companies, organizations and municipalities have signed a consortium agreement stipulating the formation of a consortium that will deal with the development of a hydrogen ecosystem from low-carbon sources. Various criteria show...

CAN METHANE EMISSIONS MATCH CLIMATE GOALS BY 2030

Last year was marked by record-high methane emissions from the energy sector. However, the end of the year brought the United Nations Conference on Climate Change 2023 (COP28) and the pledges that...

HOW CAN SATELLITES AND ARTIFICIAL INTELLIGENCE REDUCE METHANE EMISSIONS?

Although it seems that in the fight against the climate crisis, the strongest focus is on reducing carbon dioxide emissions, last year's UN Conference on Climate Change showed that there is a...

China’s petrochemical surge is driving global oil demand growth

The global petrochemical industry – essential to the production of clothing, tyres, detergents, fertilisers, and countless other everyday products – is currently going through a momentous period of transition. Driving this change...

Drop in EU imports of energy products in Q3 2023

In the third quarter of 2023, the EU imported 35.4 billion euros worth of energy products amounting to a total of 65 million tonnes. Compared with the same quarter of 2022, imports...

The oil and gas industry faces a moment of truth and an opportunity to adapt

Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major...

Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows

A major new report published today finds that governments plan to produce  around  110 percent more  fossil fuels  in 2030  than would be consistent with limiting warming to 1.5°C, and 69 percent more...

EU imports of energy products continued to drop in Q2 2023

Following a strong increase in energy imports in the EU between 2021 and 2022, the scenario is different in 2023, with imports dropping for the second quarter in a row when compared...

IEA: Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global...

CO2 emissions from EU territorial energy use: -2.8 percent

According to Eurostat estimates, in 2022, the EU carbon dioxide (CO2) emissions from fossil fuel combustion (oil and oil products, natural gas, coal and peat) for energy use in the EU territory...

Nord Stream Methane Leaks are ‘World’s Worst’ – What Does it Mean for Climate Change?

Methane is one of Earth’s most dangerous gases for climate change. And record levels of it are thought to be leaking into the atmosphere from four ruptures in the Nord Stream 1 and...

Power-sector Emissions are Set to Fall in 2022. – Thanks to Renewable Energy

Since Russia’s invasion of Ukraine triggered an unprecedented global energy crisis, the world has been turning to other sources of power, besides oil and gas, to meet demand. Renewable energy has seen a...

Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA

Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies...

Ban on Export of all Types of Oil Lifted

The Serbian government decided to lift the ban on the export of all types of oil after a complete review of the state of stocks, as well as record areas under sunflower...

How Secretive Methane Leaks are Driving Climate Change

Massive methane leaks, known as super-emitter events, have been taking place at oil and gas fields all over the world, from the United States to Turkmenistan. The releases, most of which can...

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