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Fuel Price, Excise, Strategic Reserves of Oil and Petroleum Products – What Do We Know About It?
Fuel prices plummeted again in February, causing concern in the local market, especially after additional forecasts that the cost of crude oil will continue to rise. Although it is impossible to stay...
Harmony Fuels Provides First Ever Carbon Neutral Heating Oil and Propane Products for Residential Customers from Maryland to Maine
New Division of Shipley Energy to Provide Unique Heating Options for Eco-Conscious Residents of the Northeast and Beyond
YORK, Penn.--(BUSINESS WIRE)--#carbonneutral--Shipley Energy today announced a new division, Harmony Fuels, that will provide the...
Pope Francis Tells Oil Bosses World Must Reduce Fossil Fuel Use
Pope Francis has told oil company chiefs that the world must switch to clean energy because climate change risks destroying humanity.“Civilisation requires energy, but energy use must not destroy civilisation,” he said...
MEPs vote to ban the use of palm oil in biofuels
MEPs have voted overwhelmingly to ban biofuels made from vegetable oils including palm oil by 2020, to prevent the EU’s renewable transport targets from inadvertently contributing to deforestation.
A new palm oil regulation,...
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut...
This Massive Farm Grows 15% of Australia’s Tomatoes without Soil, Fresh Water or Fossil Fuels
Did you know there is a way to grow tons of fresh fruits and vegetables with saltwater and solar energy? The good people at SunDrop Farms are doing just that with their...
Investment in Clean Energy This Year is Set to be Twice the Amount Going to Fossil Fuels
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for...
Ethiopia is the First Country in the World to Ban the Import of Fossil Fuel Vehicles
Although many countries have announced a ban on the import and production of conventional vehicles as targets for 2030 or 2050, Ethiopia is the first country in the world to actually ban...
Oil Spills Pose a Bigger Threat to Freshwater Ecosystems
Oil spills are a major environmental problem that occurs every year worldwide, affecting oceans, seas, rivers, and lakes. Although the world is familiar with the issues and changes in salt water, the...
After Slight Rise In 2023, Methane Emissions From Fossil Fuels Are Set To Go Into Decline Soon
Methane emissions from the energy sector remained near a record high in 2023 – but substantial policies and regulations announced in recent months, as well as fresh pledges stemming from the COP28...
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...
Holding the oil and gas sector accountable to methane promises
Much of the world has felt the sting of climate change this year although, as ever, the poor and vulnerable have suffered the most.
This climate chaos has arrived at estimated global average...
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...
THE CIRCULAR ECONOMY IN THE OIL INDUSTRY: REDUCTION OF RAW MATERIALS, WASTE AND EMISSIONS
According to the official data posted on the website of the European Parliament, 2.2 billion tonnes of waste are generated in the European Union each year. More than a quarter of it...
Urgent action to cut methane emissions from fossil fuel operations essential to achieve global climate targets
Decisive, far-reaching efforts to cut methane emissions from fossil fuel production and use must go hand-in-hand with decarbonisation of our energy systems to limit global warming to 1.5 °C, according to a...