That’s why government support like the DOE Regional DAC Hubs program is so important, says Jack Andreasen at Breakthrough Energy, the Bill Gates–founded initiative to accelerate technology to reach net zero. “This gets projects built,” he says. The Bipartisan Infrastructure Law signed in 2021 set aside $3.5 billion in federal funds to help the construction … Read more
Demand worries amid economic recession fears dragged down oil prices, but losses were limited due to the potential loss of supplies from the Middle East and an unexpected drawdown in US crude inventories.The Asian benchmark Brent crude dropped to a low of $75.05 a barrel last week, its lowest level since January. A similar selloff … Read more
This story originally appeared in Hakai Magazine and is part of the Climate Desk collaboration. A new video appears on the social media network Telegram: footage of the smoking area aboard a large vessel. The curtains are ripped, the lights are broken, and ash and glass litter the floor. “This is how they drink on … Read more
(NewsNation) — By the end of the decade, the world will have more oil than it knows what to do with, according to a new report. Global oil demand will peak by 2029 and then contract while supply is expected to grow, the International Energy Agency (IEA) said in its new oil market outlook. If … Read more
Russia’s invasion of Ukraine feels like a really pivotal moment in this narrative. In the autumn of 2022, energy prices in the UK were skyrocketing, and yet the response of Liz Truss, prime minister at the time, was to double down on oil and gas exploration and refuse to ask people to cut down their … Read more
President Joe Biden’s administration on Friday safeguarded millions of acres in Alaska from fossil fuel drilling and mining — the latest in a frenzy of environmental actions in recent weeks that have drawn praise from green groups and condemnation from industry and Republican lawmakers. The Interior Department finalized a rule that bars oil and gas … Read more
Descrease article font size Increase article font size Global road oil demand will rise five per cent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by … Read more
Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on … Read more
Oil prices were little changed on Tuesday for a second straight day as uncertainty about the pace of potential U.S. interest rate cuts and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply. Brent futures edged 1 cent lower $81.99 a barrel. U.S. West Texas Intermediate (WTI) crude rose … Read more
Not quite a balm and not quite a gloss, the best lip oil can offer unique advantages to your lip-care routine. These innately nourishing lip products have an oil base that leaves lips with the finish of a gloss along with the moisturizing benefits of a balm — making them perfect not only for those … Read more
