Citi Makes a Case for $50 Oil
Citigroup’s latest call for Brent crude to tumble toward $50 on a Russia-Ukraine de-escalation feels more like an echo chamber than a fresh forecast. Senior commodities strategist Eric Lee told…
Global shipping body delays Net Zero Framework by a year
The International Maritime Organization has delayed a decision on adopting the Net Zero Framework until October 2026. Last week at the Marine Environment Protection Committee (MEPC) meeting in London, a…
UK to boost youth training for industrial clean energy growth
The UK is to build five ‘Technical Excellence’ colleges as part of a new industrial youth training push as it targets 400,000 new jobs in the clean energy sector by…
Global Shipping Emissions Deal Sinks After Last-Minute Collapse
A decade-long effort to make the shipping industry the first to adopt binding international emissions targets has fallen apart—this time not over science or technology, but timing and cost. The……
IEA Chief Calls for Greater Role of Hydropower in Electricity Supply
Governments and policy makers need to pay more attention to hydropower as a major source of low-emission flexible power generation in the age of booming electricity demand, Fatih Birol, the……
Multiple Units Go Offline at BP’s Whiting Refinery in U.S.
The biggest refinery in the Midwest, BP’s Whiting facility, had multiple units offline on Friday, market sources told Reuters, quoting data from energy…
India Rejects U.S. Claims of Halving Russian Oil Imports
India hasn’t requested refiners to cut imports of Russian crude oil and no cuts have been seen for the already placed nominations for loadings in November, Indian industry…
SLB Exceeds Profit Expectations on Strong North American Demand
The world’s biggest oilfield services provider, SLB (NYSE: SLB), on Friday reported higher-than-expected earnings for the third quarter as revenue from its North…
CNPC Defies Niger Junta, Continues Oil Exports
State-owned Chinese oil giant CNPC continues to produce and export oil from a newly expanded oilfield in Niger despite ongoing disputes with the local authorities, Reuters
