Latest news
Russia Ready To Seize Control Of The World's Largest Oil Reserves
The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry.
read more... 18/10/2019
Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand
Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.
read more... 17/10/2019
20 Fossil Fuel Companies Generate One Third Of All Global Emissions
New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.
read more... 10/10/2019
Russia and Japan agree to collaborate in hydrogen supply
Rusatom Overseas and Japan’s Agency for Natural Resources and Energy under the Ministry of Economy, Trade and Industry signed an agreement to join efforts in conducting a feasibility study in 2020-2021 to export hydrogen from Russia to Japan.
read more... 27/09/2019
Japan to invest $10 bln in global LNG infrastructure projects - minister
Japan and its private sector firms will invest $10 billion on liquefied natural gas (LNG) projects worldwide, the country’s industry minister said on Thursday, in a strategy to boost the global LNG market and reinforce the security of energy supply.
read more... 26/09/2019