The world’s biggest project to capture and store carbon dioxide isn’t working like it should, highlighting the challenges oil companies face in tackling their greenhouse gas emissions. Chevron Corp.’s system at the $54 billion Gorgon liquefied natural gas export plant in Australia missed a local government target to inject captured …

The European Commission has voted last week to ban the sale of vehicles that run on gasoline or diesel by the year 2035 to change the energy matrix in transport. The EC proposals need to be approved by the European Parliament before becoming law – and reports suggest they could …

European energy system will need similar amounts of natural gas in a feasible net-zero future as it does today, shows the study commissioned by the Hydrogen4EU consortium. Hydrogen4EU is a research partnership aiming to inform on the contribution of low-carbon and renewable hydrogen in reaching the European energy transition goals. …

The global rebound from the COVID-19 pandemic is set to drive emissions of greenhouse gases that stoke climate change to all-time highs, the Paris-based International Energy Agency said in a report on Tuesday.

Iranian Minister of Petroleum Bijan Zanganeh on Sunday said that OPEC+ cannot turn a blind eye to the return of Iranian oil production to global markets after the imposed sanctions are removed. The Iranian Minister stated that the 18th session was procrastinated due to the UAE opposition 20 days ago. …

Oil prices fell more than 2% on Monday afternoon during Asia hours after OPEC and its allies agreed to end oil production cuts. Brent crude futures fell 2.13% to $72.02 per barrel, while U.S. crude futures fell 2.09% to $70.31 per barrel. But having a deal is “better than no …

Brent oil may break a support at $72.33 per barrel and fall towards $70.98, as suggested by its wave pattern and a projection analysis. The correction from the July 6 high of $77.84 is riding on a wave IV, which looks sideways. It has three component waves. The third wave …

Oil prices fell more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as Covid-19 infections continue to rise in many countries. Brent crude was down $1.08, or 1.5%, at $72.51 a …

OPEC and its allies struck a deal to inject more oil into the recovering global economy, overcoming an internal split that threatened the cartel’s control of the crude market. An unusually public dispute that tested the group’s unity was resolved in a classic compromise — with Saudi Arabia meeting the …

At the 19th meeting of the ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, Azerbaijan supported the decision to extend the “Declaration of Cooperation” until the end of 2022, which implies an increase in daily crude oil production by 400 thousand …