The United Nations is launching a satellite-based system to detect and track global methane emissions as part of efforts to reduce emissions of methane, which is a more potent greenhouse gas than carbon dioxide. During the COP27 climate summit in Egypt’s Sharm El Sheikh, the UN Environment Programme announced on …
Read More »India can Buy as much Russian Oil as It Wants, Outside Price Cap
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday. The …
Read More »U.S. Seizure of Chinese Panels could Slow its Solar Energy Rollout
The U.S. Customs and Border Protection has seized more than 1,000 shipments of China-made solar power equipment over a new U.S. law targeting forced labor in a Chinese region, industry sources and customs officials told Reuters, in a development that could derail the solar energy boom in the United States. …
Read More »EU Sanctions won’t Fully Stop Russian Oil Coming to Europe
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. While almost all direct seaborne imports of crude and refined petroleum products will both be banned by early next year, it will still be possible for what are arguably …
Read More »Scramble for Gas Threatens Global Climate Goals
A study says that emissions from proposed and approved gas projects endanger the Paris Agreement goals as western countries seek to stave off the energy crisis. Hasty policy changes by major global economies to procure gas amid the global energy crisis pose a threat to the Paris Agreement, according to …
Read More »China Replaces Alaskan Expensive Crude with Russian Oil
China’s passion for Alaskan oil appears to be over as the country turns to Russia. Surging Chinese energy demand amid Covid lockdowns on the US West Coast prompted Alaskan oil exporters to ship more crude than any time in two-decades, and nearly all of it went to the East Asian …
Read More »Saudi Arabia to Deliver Full Oil Volumes to Asia despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut production, Reuters has reported, citing unnamed sources. The assurance comes despite a commitment on the part of the Kingdom to reduce its production to contribute …
Read More »Russia’s Oil Output Set to Fall by 1.5 Million Bpd in December
Russia’s oil production could drop to as low as 9 million barrels per day (bpd) in December when the EU embargo on imports of Russian crude oil enters into force, Russian news agency TASS reported on Wednesday, citing analysts at the Energy Development Center. “We expect that production in December …
Read More »Brussels Tables Emergency EU Permitting Rules for Renewables
The European Commission on Wednesday (10 November) tabled temporary emergency rules to accelerate the deployment of renewable energies like wind and solar, saying the ongoing energy crisis fuelled by Russia’s war in Ukraine calls for exceptional measures. Under the proposal, renewable energy projects “would be presumed to be of overriding …
Read More »EU Leaders Accuse U.S. Natural Gas Producers Of Profiteering
Last month, France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S. “The North American economy is making …
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