oil
CAN METHANE EMISSIONS MATCH CLIMATE GOALS BY 2030
Last year was marked by record-high methane emissions from the energy sector. However, the end of the year brought the United Nations Conference on Climate Change 2023 (COP28) and the pledges that set an ambitious target for reducing these emissions.…
HOW CAN SATELLITES AND ARTIFICIAL INTELLIGENCE REDUCE METHANE EMISSIONS?
Although it seems that in the fight against the climate crisis, the strongest focus is on reducing carbon dioxide emissions, last year’s UN Conference on Climate Change showed that there is a problem that needs to be addressed even more…
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 is a towering wave of new petrochemical plants,…
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 decreased both in value (-49.1 percent) and in…
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 new special report from the IEA that shows…
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 than would be consistent with 2°C. This comes…
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 with the same period in the previous year.…