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Tag: oil
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...
Drop in EU imports of energy products in Q3 2023
In the third quarter of 2023, the EU imported 35.4 billion euros worth of energy products amounting to a total of 65 million tonnes. Compared with the same quarter of 2022, imports...
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...
EU imports of energy products continued to drop in Q2 2023
Following a strong increase in energy imports in the EU between 2021 and 2022, the scenario is different in 2023, with imports dropping for the second quarter in a row when compared...
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...
CO2 emissions from EU territorial energy use: -2.8 percent
According to Eurostat estimates, in 2022, the EU carbon dioxide (CO2) emissions from fossil fuel combustion (oil and oil products, natural gas, coal and peat) for energy use in the EU territory...
Nord Stream Methane Leaks are ‘World’s Worst’ – What Does it Mean for Climate Change?
Methane is one of Earth’s most dangerous gases for climate change. And record levels of it are thought to be leaking into the atmosphere from four ruptures in the Nord Stream 1 and...
Power-sector Emissions are Set to Fall in 2022. – Thanks to Renewable Energy
Since Russia’s invasion of Ukraine triggered an unprecedented global energy crisis, the world has been turning to other sources of power, besides oil and gas, to meet demand.
Renewable energy has seen a...
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...
Ban on Export of all Types of Oil Lifted
The Serbian government decided to lift the ban on the export of all types of oil after a complete review of the state of stocks, as well as record areas under sunflower...
How Secretive Methane Leaks are Driving Climate Change
Massive methane leaks, known as super-emitter events, have been taking place at oil and gas fields all over the world, from the United States to Turkmenistan. The releases, most of which can...
Limited Prices Of Basic Foodstuffs
At session, the government of the Republic of Serbia adopted the Decree on limiting the price of basic foodstuffs, in order to protect the market and prevent distortions in the formation of...
COVID-19 Slows Progress Towards Universal Energy Access
The COVID-19 pandemic has been a key factor in slowing progress toward universal energy access. Globally, 733 million people still have no access to electricity, and 2.4 billion people still cook using...
Achieving the Community Goals Through Investments in Energy Efficiency
Situated in the heart of Serbia and surrounded by the mountains Jelica, Ovčar, Kablar, and Vujan, Čačak is a city proud of its rich history. As one of the largest cities in...
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...