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Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out the fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday. The head of the world’s largest energy company urged a re-set of global energy …
Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come Read More »
Adnoc to supply SEFE with 1 million tons of LNG per year Supply from Adnoc’s planned Ruwais LNG plant to start in 2028 The United Arab Emirates agreed to sell liquefied natural gas to Germany for 15 years starting 2028, in a deal that further cements Europe’s fossil fuel use and underpins the Middle Eastern country’s plan …
UAE in 15-Year Germany Gas Deal in Boost to Energy Security Read More »
Argentina, inside South America’s so-called “lithium triangle”, is one of the world’s top producers of the metal that is key for the batteries needed to power electric vehicles. A local company spokesperson declined to comment. The ruling, shared with Reuters on Thursday, comes after a case presented in 2021 by a chief of the Atacameños …
Argentine Court in Key Lithium Region Halts New Permits Over Environmental Concerns Read More »
Shell weakens 2030 carbon emissions reduction target Summary Shell scales back 2030 emissions target Scraps 2035 target Introduces target to cut emissions from oil product sales (Reuters) – Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition …
Shell Weakens 2030 Carbon Emissions Reduction Target Read More »
NewMed says firms still interested in the deal despite pause Suspension due to uncertainty in the external environment Bloomberg News BP Plc and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region. The suspension …
BP, Adnoc Suspend $2 Billion Israel Gas Deal as War Rages Read More »
Sticks to 2024 oil demand growth forecast of 2.25 mbpd OPEC Feb output rises 203,000 bpd despite new OPEC+ cuts IEA to publish updated forecasts on Thursday OPEC, IEA at most divided on oil demand since at least 2008 LONDON, March 12 (Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth …
OPEC Sticks to Oil Demand View, Nudges Up Economic Growth Read More »
Reuters (Reuters) – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High …
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts Read More »
Shell will publish an updated plan for emissions on Thursday CEO Sawan is focused on boosting returns for shareholders Shell initiated its plan to become a net-zero company in 2020 under previous CEO Ben van Beurden. Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to …
Shell Considers Slowing Its Carbon Emissions Cuts Read More »
The differential of Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed slightly on Tuesday. * WCS for April delivery in Hardisty, Alberta began and ended the trading session at $15.10 per barrel under WTI, according to brokerage CalRock. On Monday, WCS had traded between $15.15 and $15.30 …
The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden’s energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia’s leading tanker group Sovcomflot on the two-year anniversary of Moscow’s full scale …
U.S. Trying to Help India Get Lower Prices for Russian Oil, Biden Envoy Says Read More »
