Wednesday, October 5, 2022

Energy

EU Leaders Reached Compromise Deal on Russian Oil Phaseout

FAccording to the European Council President, the European Union, a political and economic bloc of twenty-seven countries from the European region, has reached a compromise agreement to reduce 90% of Russian oil imports by the end of 2022, discontinuing...

EU Fails to Clinch on Russian Oil Ban Ahead of Monday-Tuesday Summit

On Sunday, the European Union, a political and economic union of 27 European states, failed to reach an agreement on the Russian energy ban. However, according to officials, ambassadors will still get ahead before an emergency summit on May...

U.S. Judge Rescinds Oil-and-Gas Lease Sale in Gulf of Mexico

On Thursday, a United States judge revoked a major oil and gas leases sale for the wide swath of the Gulf of Mexico, saying the administration failed to properly account for its climate change effect. The decision has cast...

Huntington Beach Mayor Calls California Oil Spill A “Potential Ecological Disaster”

The United States Coast Guard (USCG) received the initial report of a major oil spill off the Southern Californian coast forced Huntington Beach half-day before a firm informed the major leak in its pipeline and a cleanup effort was...

Beijing Promises To Halt New Coal Energy Growth Abroad

Beijing won’t make novel coal-fire developments outside the country; an action could be essential in handling global emissions. Xi Jinping (President of China) made the declaration in his speech at the UNGA (United Nations General Assembly). Moreover, Beijing has been...

Engine No. 1 Wins two Board Seats at ExxonMobil Amid Historic Battle Over Climate Change

Engine No. 1, an investment firm purpose-made to create long-standing value by harnessing the power of capitalism, won the election of at least two board seats at Exxon following a historic battle over the gas giant’s 12-member board, signaling...

Arctic-Superpower Jostling Warm Up as Russia Acquire major Role

Words’ battle this week between the top United States and Russian diplomats is the latest sign of increasing tensions between world powers racing to seize Arctic resources made more accessible by climate change. Ministers gathering in Reykjavik (capital of Iceland)...

Ransomware Attack Halted Huge Gasoline Pipeline in East Coast

In a statement, the Colonial Pipeline (which pushes around half of the East Coast’s gasoline) described that it has closed its network overnight because of the ransomware attack, in the recent instance of hacking troublesome an American firm’s working. Late...

Oil prices plunge as American producers boost output after Hurricane Delta

On Monday, oil prices slipped for the 2nd straight session when American oil producers started restoring production after Hurricane Delta weakened, while a collapse that had affected output in Norway came to an end. For December, Brent crude LCOc1 down...

Oil prices stay constant as the tropical storm hit the United States

On Monday, oil prices a little elevated when a tropical storm got a vision for the United States Gulf of Mexico area, stopping some production, although price gains were covered by the potential return of crude oil output in...

Latest News

Trump Requests SC to Contribute to Classified Documents Dispute

On Tuesday, Donald J. Trump, the former President of America, requested the Supreme Court of the U.S. (SCOTUS) to...