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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...

HYDROGEN IS THE ENVIRONMENTALLY FRIENDLY FUEL OF THE FUTURE

The establishment of the Centre for Excellence for Hydrogen and Renewable Energy, CONVINCE, results from systematic long-term research in materials for use in energy and environmental protection at the Vinča Nuclear Research...

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...

Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths

Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to...

Greenpeace: Our transport system is fuelling the multiple crises we’re facing

With extreme heat, floods and fires, the highest inflation in decades, unprecedented energy price-hikes, a looming energy shortfall and a war on European soil, the world feels like it’s at a crossroads....

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...

European Commission And International Energy Agency In A Common Bid To Reduce EU Reliance On Russian Fossil Fuels

The European Commission and the International Energy Agency are joining forces to help EU countries reduce their reliance on Russian fossil fuels.  By strengthening investments in clean energy and energy efficiency, the project...

REPowerEU: A Plan to Rapidly Reduce Dependence on Russian Fossil Fuels and Fast Forward the Green Transition

The European Commission has presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by war in Ukraine. There is a double urgency to transform Europe's energy system: ending the...

Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries

Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries. The invasion of Ukraine put a spotlight on Europe’s...

Support Shifts Away from Fossil Fuels Despite Rising Energy Prices, Survey Finds

According to a new survey, there is strong global support – across all countries and demographic groups – for the energy transition to move away from fossil fuels. A majority of consumers worldwide...

The Joint Technical Committee Meets to Review Oil Market Conditions

The Joint Technical Committee (JTC) of the Declaration of Cooperation (DoC) held its 60th Meeting today via videoconference to examine the latest developments in the global oil market. The OPEC Secretary General, HE...

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