Bloomberg/Moscow Russia’s oil production increased to a five-month high in January following an agreement with the Opec+ alliance to exclude condensate from its quota. The nation pumped 47.72mn tonnes of crude and…
Qatargas delivers ‘commissioning LNG cargo’ to India’s newest Mundra terminal
Qatargas has supplied a commissioning liquefied natural gas (LNG) cargo for India’s newest LNG receiving terminal – Mundra, located on the west coast of India. The cargo was loaded in Ras Laffan…
What the ECB’s Strategy Review Must Do
he European Central Bank’s new strategy review must recognize that economists are still a long way from understanding the dynamics of low inflation. Given this uncertainty, the ECB should aim to adopt…
Outgoing BP CEO warns of moving too fast on climate change
BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin….
Green deal law to make EU’s energy shift irreversible
Bloomberg/Brussels Europe wants to make its goal of becoming the first climate-neutral continent irreversible under a new law that is to be unveiled next month, offering investors the certainty they ask for…
Tears flow as politicians fail to dispel ‘climate darkness’
Standing before a captive audience at this month’s climate change conference in Madrid after entertaining them with a dance in her traditional Pacific island costume, 21-year-old Tabita Kaitamakin Awira Awerika’s smile turned…
Winning the electrification race
If governments adopt bold policies to help accelerate the production of clean electricity, the world could build a zero-carbon economy fast enough to limit climate change to a manageable degree. But without…
CEOs in Davos say they can’t save the planet on their own
INTERNATIONAL – As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance Group AG said they need their clients to do more…
Trump Takes Veiled Swipe at Environmental ‘Alarmists’
President Donald Trump launched a veiled attack on environmental “alarmists” in a speech to business and political leaders in Davos, taking a swipe at the World Economic Forum’s key focus this year….
Energy Chiefs Tout CO2 Capture as Thunberg Slams Lack of Action
Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos as climate concerns dominated the annual business forum more than ever before. Oil…