Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
Tag: Oil (Petroleum) and Gasoline
Documents Show Plan for Leader of COP28 Climate Talks to Promote Fossil Fuels
A leaked document has talking points for the president of the United Nations climate conference, who is an oil executive in the United Arab Emirates, to advance oil and gas deals.
Missing COP28 Summit Complicates Biden’s Climate Credentials
The president is facing some pressure to focus on oil drilling and gas prices at home, while boosting climate ambition on the world stage.
In a Report Card on Global Warming, Nations Get a Very Poor Grade
Countries are taking “baby steps,” a U.N. official said. In a separate study, Saudi researchers warned of an “existential crisis” for their nation from rising temperatures.
Heirloom Opens First U.S. Direct Air Capture Plant
The technique is expensive but it could help fight climate change. Backers hope fast growth can bring down costs.
Fossil Fuel Use Increasing, Not Decreasing, as Key Target Looms
The world remains on track to produce far more oil, gas and coal than would be consistent with relatively safe levels of heating, a new report found.
Charles Delivers A ‘King’s Speech’ He Probably Disdained
In keeping with tradition, he outlined the priorities of the prime minister at the opening of Parliament — including, this year, more fossil fuel extraction.
Risk of a Wider Middle East War Threatens a ‘Fragile’ World Economy
After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.
Talking About Health Impacts of Climate Change Without Mentioning Fossil Fuels
A declaration on the public health impacts of climate change may lack two words: fossil fuels.
Middle East War Could Cause Oil Price Shock, World Bank Warns
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.