HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said other buyers could join the $29bn North Field expansion “if they add value”. Speaking to reporters in Doha Tuesday…
Month: July 2022
Double-edged sword: Global hunger and climate goals
Poor or rich, societies across the world are now suffering from an unprecedented food and hunger crisis. A United Nations gauge of world food prices has jumped more than 70% since mid-2020…
Scholz hints at Lufthansa-like bailout for gas giant Uniper
German Chancellor Olaf Scholz on Sunday hinted that a Lufthansa-like bailout was on the table to rescue gas giant Uniper. Referring to the €9 billion package to save the German airline, Scholz said that…
Libya supply drop threatens to further tighten global oil market
Bloomberg/Cairo Libya’s oil exports have fallen to about a third of last year’s level after the worsening political crisis prompted the suspension of shipments from two of the nation’s biggest ports. Force…
JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut
Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. The Group of Seven…
European gas extends blistering rally as supply woes deepen
Bloomberg/Brussels Natural gas in Europe rose to the highest level in almost four months as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts….
Germany: “A Whole Prosperity Built On Low-Cost Energy Is Going Up In Smoke”
Lhe tocsin is sounding at full speed in the German cities and countryside at the start of summer. A whole prosperity built on low-cost energy is going up in smoke. For the…
Allemagne : « Toute une prospérité construite sur une énergie à bas coût est en train de partir en fumée »
L’Allemagne a dévoilé son premier déficit commercial depuis trente ans et envisage d’aider les entreprises du secteur énergétique, comme Uniper, qui subissent de plein fouet la guerre en Ukraine. Une mobilisation qui…
Aviation: long-term climate goal key to net-zero carbon emissions by 2050
The global aviation industry has committed to achieving net-zero carbon emissions by 2050. This commitment brings the industry in line with the Paris Agreement’s 1.5C goal. Climate change is the greatest threat…