The Chinese economy largely needs an increase in natural gas supplies from Russia, Chairman of the Board of Directors of Gazprom Viktor Zubkov told TASS on Wednesday, adding that the Russian gas producer is ready to satisfy that ever-growing demand. “Consumption on the Chinese gas market increases every two years …
Read More »CO2 Increase for 2021 Predicted to be Largest in over a Decade
Global CO2 emissions from energy are seen rising nearly 5% this year, suggesting the economic rebound from Covid-19 could be “anything but sustainable” for the climate, the International Energy Agency says. The IEA’s Global Energy Review 2021 predicted carbon dioxide emissions would rise to 33 billion tonnes this year, up …
Read More »Oil Prices Rise to Over One-Month Highs on Weak Dollar
Oil prices rose to over one-month highs on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery had risen by 66 …
Read More »Exxon Mobil Makes a Pitch for Capturing Emissions and a Carbon Price
Under growing pressure from investors to address climate change, Exxon Mobil on Monday proposed a $100 billion project to capture the carbon emissions of big industrial plants in the Houston area and bury them deep beneath the Gulf of Mexico. Exxon, the largest U.S. oil company, wants to create a …
Read More »OPEC+ Ministers can Shorten Meeting in Late April
Ministers of countries participating in the OPEC+ oil production limiting agreement are discussing a shorter format of talks in late April. They can abandon the ministerial meeting and leave the meeting of the Joint Ministerial Monitoring Committee (JMMC), a source in OPEC told TASS on Monday. “Such an idea is …
Read More »Turkey Holds 75 Gigawatts of Offshore Wind Energy Potential
Turkey’s total offshore wind power potential stands at 75 gigawatts (GW), Offshore Wind Energy Association (DÜRED) Chairperson Murat Durak said Monday, noting that they have reached a certain stage in works at some ports in the Marmara and Aegean regions and that they can now carry out offshore wind power …
Read More »Scientists Find Method to Cut Production Facilities’ Heating Costs Five-Fold
Scientists from Tomsk Polytechnic University (TPU) jointly with colleagues from the Industrial University of Tyumen (IUT) have proposed a system that will reduce energy costs for heating industrial plants at least five-fold. The study’s findings were published in the academic journal Thermal Science and Engineering Progress. Technological development or the …
Read More »German Legislator Urges Halt to Nord Stream 2 over Developments at Ukraine Borders
Head of Germany’ European People’s Party (EPP) Manfred Weber has urged to put to a halt the construction of Russia’s Nord Stream 2 gas pipeline if situation near the borders of Ukraine further aggravates. Thus, the European Union should send an “unequivocal message” to Moscow, the legislator told Redaktionsnetzwerk Deutschland …
Read More »Siemens and Google Cloud Join Forces on Factory Automation
Google Cloud and Siemens have announced a new partnership that will see AI and machine learning brought to factory floors. Siemens is planning on integrating Google Cloud’s data cloud and artificial intelligence (AI) machine learning (ML) technologies with its factory automation tools. With this partnership, the companies hope manufacturers will …
Read More »Oil Falls Amid Covid-19 Surge in India, Other Countries
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by 0426 …
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