oil
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 energy crisis hastening the shift towards cleaner energy…
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 reached almost 2.4 Gigatons (Gt), indicating a decrease…
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 2 natural gas pipelines under the Baltic Sea.…
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 promising uptick over the last few years,…
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 with efforts to protect households from surging energy…
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 planting. The competent institutions will continue to monitor…
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 be traced to equipment failures, can last for…